Some are still undecided about whether to hold their payouts steady or cut them next quarter.
News & Analysis: State Street
The action dates back to 2015 when the Federal Reserve found deficiencies in State Street's anti-money-laundering and Bank Security Act systems.
The asset manager/custody bank bucked the downward trends in the first quarter.
These stocks could perform well during the pandemic.
Waiting out the storm? These companies have attractive defensive characteristics.
These are less traditional banks in the sense that they rely less on loans and more on fee income from investment management and servicing, and trading.
STT earnings call for the period ending March 31, 2020.
The asset manager and custody bank beat earnings estimates
JPMorgan Chase, Bank of American, Citigroup, and others announce that they will pause buybacks through the second quarter of 2020.
Is the asset management giant a buy?