Top 10 Bank Companies For 2015

Top 10 Bank Companies For 2015: State Street Corporation(STT)

State Street Corporation, a financial holding company, provides various financial products and services to institutional investors worldwide. The company?s Investment Servicing business line provides products and services, including custody, product- and participant-level accounting; daily pricing and administration; master trust and master custody; record-keeping; foreign exchange, brokerage, and other trading services; securities finance; deposit and short-term investment facilities; loan and lease financing; investment manager and alternative investment manager operations outsourcing; and performance, risk, and compliance analytics. This segment also offers shareholder services, which comprise mutual fund and collective investment fund shareholder accounting. Its Investment Management business line provides a range of investment management, investment research, and other related services, such as securities finance; and strategies for managing passive and active financ ial assets, such as enhanced indexing and hedge fund strategies for U.S. and global equities and fixed-income securities. The company serves mutual funds, collective investment funds and other investment pools, corporate and public retirement plans, insurance companies, foundations, endowments, and investment managers. State Street Corporation was founded in 1832 and is headquartered in Boston, Massachusetts.

Advisors' Opinion:

• [By Josie Cox var popups = dojo.query(".socialByline .popC"); popups.forEach(func]

  Michael Metcalfe, strategist at State Street Global Markets(STT):

  “Conventional options are a small interest rate reduction or FX intervention to weaken the euro. Unconventional options are also on the table ranging from negative deposit rates, funding for lending, another LTRO, all the way to outright quanti! tative easing.  The challenge the ECB faces today is rather unusual. It is essentially a problem of the current inflation rate being too low. This risks generating deflationary expectations and thereby hindering a recovery which is by and large proceeding as the ECB forecast. Rather than set policy to achieve the inflation target in two years' time, the challenge is to prevent or even reverse the recent run of negative inflationary surprises.”

• [By Ben Levisohn]

  The ratings on Bank of American Corporation (BAC), Citigroup, Inc. (C), State Street Corporation (STT) and Wells Fargo & Company (WFC) were left unchanged.

• [By Monica Gerson]

  State Street (NYSE: STT) is expected to report its Q3 earnings at $1.18 per share on revenue of $2.51 billion.

  Reynolds American (NYSE: RAI) is estimated to report its Q3 earnings at $0.86 per share on revenue of $2.14 billion.

• [By Wallace Witkowski]

  While the big banks and financial firms have already reported earnings, Greenhaus noted this week will see the largest number of financial sector firms reporting than any other week. More than 20 S&P 500 financial sector companies report including several insurers such as Dow component Travelers Cos. (TRV) , a number of real-estate investment trusts such as Simon Properties Group Inc. (SPG) , capital markets firms such as Franklin Resources Inc. (BEN)  and State Street Corp. (STT) , as well as exchange operator Nasdaq OMX Group Inc. (NDAQ)  

source from Top Stocks For 2015:http://www.topstocksblog.com/top-10-bank-companies-for-2015.html