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What is 'Pawn Your Diamond'?
'Pawn Your Diamond' offers the community information
about the Fortune 500 companies.
Why the name?
The aim behind our name is to give young
entrepreneurs the incentive to start from scratch with
the hope that this small money they got from pawning a
diamond they had aside, grows and flourishes into a
multi billion dollar corporation.
Too dreamy?
Simply NOT. Such famous corporations did not exist
forever. Each and every foundation did start somewhere
and usually had one or a few founding members. So grab
the general concept and work hard!
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Fortune 500 - Spot Number 341
Company Information
Name: State Street Corporation
Industry: Regional Banks
Description: State Street Corporation (NYSE: STT) is the world's leading specialist in providing sophisticated global investors with investment servicing and investment management. With $6.2 trillion in assets under custody and $770 billion in assets under management, State Street is headquartered in Boston, Massachusetts and operates in 22 countries and over 100 markets worldwide.
Financial Summary: For the nine months ended 30 September 2005, State Street Corp.'s interest income increased 65% to $2.07B. Net interest income after loan loss provision increased 4% to $665M. Net income from continuing operations increased 13% to $696M. Net interest income reflects higher interest earning asset balances, partially offset by higher interest expense. Earnings benefited from higher management fees, securities lending and trading services.
Business Summary: State Street Corporation is a financial holding company that provides an integrated range of products and services for sophisticated investors worldwide. The Company provides fund accounting, custody, investment management, securities lending, transfer agency services, hedge fund services and operations outsourcing for investment managers. It conducts its business principally through its subsidiary, State Street Bank and Trust Company (State Street Bank or the Bank). The Company has two lines of business: Investment Servicing and Investment Management. For the year ended December 31, 2004 (2004), 84% of State Street's total revenue comprised revenue from Investment Servicing. The remaining 16% comprised revenue from Investment Management. In 2004, the Company had $9.5 trillion of assets under custody and $1.35 trillion of assets under management. Its clients include mutual funds and other collective investment funds, corporate and public pension funds, and investment managers.
Misc Details
Symbol: STT
City: Boston
State: MA
ZIP Code: 02110
Address: State Street Financial Center
One Lincoln Street
Phone: 617-786-3000
Fax: 617-654-3386
Website: http://www.statestreet.com
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