State Street News

"State Street has been reiterated by TheStreet Ratings as a buy with a ratings score of A-. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, increase in net income, attractive valuation levels and expanding profit margins.

Anh is a member of The Motley Fool Blog Network -- entries represent the personal opinion of the blogger and are not formally edited.

's stock had its "neutral" rating reaffirmed by research analysts at Nomura in a report released on Tuesday, Analyst Ratings.Net reports.

"We are committed to providing clients with efficient solutions on a global basis and being recognized in these two servicing categories reaffirms that focus." The Custody Risk Americas Awards recognize outstanding achievers in the securities services industry in both North and South America.

Shares of State Street of Boston were up over 2% to close at $61.67, while Bank of New York Mellon was up nearly 2% to close at $28.82 and Northern Trust of Chicago was up over 1% to close at $55.11. The broad indices ended mixed, after the Census Bureau reported Monday that retail sales rose 0.1% in April after falling by a revised 0.5% in March.

The company laid off 15 IT employees last week in Kansas City. However, it also is hiring client service representatives, a transaction processor, an investment accountant, a fund administrator and interns.

State Street Corp. in Kansas City is laying off people while hiring at the same time.

Its stock has been outperforming the market every year. Even this year, the stock has risen around 33%, compared to gain of more than 13% in the S&P 500 index.

State Street Corp., the third-largest custody bank, is seeking to raise $1.5 billion in a bond sale, according to a person familiar with the offering.

DeYulio's Sausage Company is taking over the former ice cream warehouse space at 1501 State Street in Bridgeport, Conn.

A group of bankers that advises the Federal Reserve 's Board of Governors has warned that farmland prices are inflating "a bubble" and growth in student-loan debt has "parallels to the housing crisis." The concerns of the Federal Advisory Council, made up of 12 bankers who meet quarterly to advise the Fed, are outlined in meeting minutes obtained ... (more)

Although we were displeased to see State Street Corporation's share price slip by 4% after it released its results, we were content that it was able to bounce back and close the day's trading .71% higher than the prior day's close.

The firm currently has a "neutral" rating on the stock. STT has been the subject of a number of other recent research reports.

The Boston-New York rivalry isn't ending any time soon as the cities' food trucks gear up for a culinary throwdown rematch.

Streetwise gives you the full scoop on business deals and Canada's finance and capital market sectors.

"Yesterday, they closed State Street and we were originally told it wasn't going to be until later on," said William Sullivan, the owner of Grill & Greens on State Street.

After years of working in the music industry, Chris Roberts, owner of a new juice bar, is hoping to make customers sing the praises of his healthy concoctions.

Three large Massachusetts companies - Ahold USA of Quincy, Staples of Framingham, and State Street of Boston - ranked in the top 50 on the U.S. Environmental Protection Agency's purchasers of Green Power list.

MIG Express, a freight forwarding company, moved on the first of April from its former headquarters in Nashua to downtown Portsmouth.

DST Systems Inc. cut loose 500,000 shares of longtime ally State Street Corp. and other assets worth more than $100 million, helping it to notch bigger profits in the first quarter.