The Latest Breaking News from State Street

Elon Musk spent much of 2022 selling off Tesla stock, though he remains the company’s largest individual stakeholder. However, many firms have plenty of shares.

High levels of uninsured deposits helped do in Silicon Valley Bank and Signature Bank. But it turns out they're not alone.

In response to House Republicans’ plans to use their new majority to investigate the ESG movement, three Democratic senators penned an op-ed accusing their GOP colleagues of overstepping. The three senators—Sheldon Whitehouse (D-R.I.), Brian Schatz (D-Hawaii), and Martin Heinrich (D-N.M.)—also accused Republicans who oppose ESG of being anti-capitalist:

Paul Francisco oversees diversity efforts at State Street, a global financial firm with $3.3 trillion under management.

Kentucky State Treasurer Allison Ball (R) notified 11 banks that their ESG policies had harmed the state’s economy.

On January 2, Kentucky State Treasurer Allison Ball (R) issued a statement notifying 11 banks that their ESG policies amounted to energy boycotts that harmed the state’s economy according to definitions passed into law last spring. The statement says the banks have 90 days to stop what Kentucky argues are…

Economy and Society is Ballotpedia’s weekly review of the developments in corporate activism; corporate political engagement; and the Environmental, Social, and Corporate Governance (ESG) trends and events that characterize the growing intersection between business and politics.

- 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.

BlackRock, State Street and Bank of New York Mellon report earnings on Friday, as bank stocks slide on recession concerns.

Analysts have provided the following ratings for State Street (NYSE:STT) within the last quarter:

Upgrades