State Street (STT) Misses Q3 EPS by 10c

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Go back to State Street (STT) Misses Q3 EPS by 10c

State Street Reports Third-Quarter 2015 GAAP-Basis EPS of $1.32, on Revenue of $2.6 Billion

October 23, 2015 6:58 AM EDT

State Street announces multi-year plan to accelerate the next phase of its transformation program to generate approximately $500 million in annualized savings when fully implemented

Third-quarter GAAP-basis results includes pre-tax severance costs of $75 million associated with staff reductions

Third-quarter 2015 operating-basis1 EPS was $1.16 on revenue of $2.6 billion

BOSTON--(BUSINESS WIRE)-- In announcing the third quarter of 2015s financial results, Joseph L. Hooley, State Street's chairman and chief executive officer said, "This quarters results reflect the decline in equity valuations globally, particularly in... More

STT Enviro Corp. Announces Resolution Passed at Special Meeting

October 22, 2015 5:30 PM EDT

TORONTO, ON -- (Marketwired) -- 10/22/15 -- Further to the Notice of Meeting and Record Date filed on SEDAR on August 21, 2015, STT Enviro Corp. ("STT" or the "Company") (TSX VENTURE: STT) held a special meeting of shareholders today.

The purpose of the meeting was to put the Company in a position to implement a dividend policy in the future through a reduction in the Company's stated capital by an amount equal to the balance of the Company's retained earnings deficit at December 31, 2014. Of the votes cast, 99.3% were cast in favour of the... More