A Sinister Reason May Be Behind Governors’ Opposition To Cannabis Legalization
As one Republican governor after another rejects President Biden’s suggestion to pardon simple cannabis possession convictions, one wonders what they're thinking.
Jim Cramer Says This Stock ‘Down Here At This Level Is A Terrific Buy’
On CNBC’s "Mad Money Lightning Round," Jim Cramer said he is against Novavax (NASDAQ: NVAX).
Earnings Scheduled For October 18, 2022
Companies Reporting Before The Bell
• Commerce Bancshares (NASDAQ:CBSH) is projected to report quarterly earnings at $1.03 per share on revenue of $383.31 million.
State Street, FundGuard Announce Strategic Partnership Ro Deliver Accounting Solutions For State Street Alpha; Terms Not Disclosed
State Street (NYSE:STT) announced today that FundGuard has been selected to serve as a strategic accounting solution for State Street Alpha. FundGuard is a highly scalable cloud-native investment accounting, fund
Nomura Joins Other Big-Name Financial Players To Back Blockchain Startup Fnality
Tokyo-based bank Nomura Holdings Inc. (NYSE: NMR) has invested in Fnality, a blockchain-based interbank payment and settlement network that is now sponsored by 17 major financial institutions.
Paxos’ Strategy Head Talks Tokenizing US Equities And Re-Platforming Trillions In Assets
Benzinga, a media and data provider bridging the gap between retail and institutional investors, is bringing back its annual Global Fintech Awards event to New York City on Dec. 8, 2022.
Why Did State Street’s Stock Rally Despite Weaker Earnings?
- EPS was down 8% y-o-y.
- Total revenue fell by 4%, to $3 billion, and down 1% ex adjustments. Fee revenues were down 6% due to lower equity and fixed income. FX trading partially offset the lower fees.
- Expenses were largely flat for the year at $2.1 billion.
Crude Oil Rises By More Than 2%; Codexis Shares Plummet
U.S. stocks traded higher toward the end of trading, following the release of several earnings results and economic reports.
Recap: State Street Q2 Earnings
State Street (NYSE:STT) reported its Q2 earnings results on Friday, July 15, 2022 at 08:48 AM.
Here's what investors need to know about the announcement.
Citigroup Maintains Neutral on State Street, Lowers Price Target to $69
Citigroup analyst Keith Horowitz maintains State Street (NYSE:STT) with a Neutral and lowers the price target from $93 to $69.