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.
Analyst Dick Bove predicts a 14-year run ahead for the financial services industry.
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