Gold ETFs form roughly a sixth of State Street's ETF investments – which should translate to just above 1% of the company's share value.
The bank's incremental progress in recent months is encouraging, says Mike Mayo, analyst turned activist shareholder.
The company has more than $3.9 trillion in assets under management and has seen remarkable growth in its iShares ETF offerings.
The major asset-services provider to global investors remains undervalued, despite the stock's upward trek.
The Fed surprised some observers by rejecting BB&T's capital plan, likely because of an excessive dividend payout.
With problems still persisting in the financial industry, more layoffs may be on the horizon.
US market are set to decline at the open even as many Asian markets remained closed for the lunar New Year holiday.
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The Dow jumps 109 points after rising as many as 191. Oil-price jitters and rising rates trim gains. Those factors and the Fed may weigh on markets Tuesday.
The Market Dispatches column has been discontinued. Here's where to find the latest stock and business news on MSN Money, and the latest from market writer Charley Blaine.
MONEY & POLITICS
Breaking up big banks is an untested solution to the too big to fail problem that attempts to isolate and dismantle large, troubled institutions while protecting the rest of the economy.
Children from lower income families are at greater risk of suffering accidental injuries and being sickened by food, according to a Consumer Federation of America study.
The IRS is struggling to combat identify thieves who file fraudulent tax returns in the names of older residents who don't need to file.