Deutsche Bank AG reduced its stake in State Street Corporation by 10.7% in the first quarter, selling 185,220 shares and now holding 1,551,488 shares worth approximately $138.9 million, representing 0.54% of the company's equity. State Street announced a quarterly dividend of $0.84, increasing its yield to 3.0%, with an annualized dividend of $3.36. The company reported strong earnings per share of $2.53, exceeding expectations, and revenue of $3.47 billion, up 2.9% year-over-year. Other institutional investors such as Meeder Advisory Services, Sequoia Financial Advisors, Larson Financial Group, MassMutual Private Wealth & Trust FSB, and UMB Bank n.a. increased their holdings during the quarter. Additionally, an executive vice president sold 990 shares at $109.29, reducing their position by 2.34%. Analyst ratings were updated, with Bank of America, Evercore ISI, and Wells Fargo raising price targets and maintaining or adjusting ratings, while Barclays lowered its target. State Street has a market cap of $31.57 billion, a P/E ratio of 12.46, and a dividend payout ratio of 34.04%.

A recent snapshot shows that 13 of the 25 largest US banks now offer or are actively exploring crypto services, primarily targeting high-net-worth clients. Key initiatives include Morgan Stanley enabling brokers to recommend spot Bitcoin ETFs with suitability safeguards, Charles Schwab planning direct trading of Bitcoin and Ethereum, PNC partnering with Coinbase to allow crypto trading through PNC accounts, State Street launching stablecoins and tokenizing deposits, BNY Mellon acting as custodian for Ripple’s RLUSD stablecoin and participating in ETF products, and JPMorgan launching a tokenized deposit token on its Base blockchain and testing stablecoin services. Several other major banks remain inactive in crypto offerings.

Uber Technologies Inc. reported a market capitalization of $180.73 billion as of mid-2025, with trailing 12-month revenue of $47.33 billion and net income of $12.63 billion. The company has diversified beyond ridesharing into food delivery via Uber Eats and freight shipping via Uber Freight. As of March 31, 2025, the top individual insider shareholders are Turqi Alnowaiser, Dara Khosrowshahi, and Nikki Krishnamurthy, while the top institutional shareholders are Vanguard Group, BlackRock Inc., and Capital Research Global Investors. Alnowaiser, a member of Uber’s board and deputy governor at Saudi Arabia’s Public Investment Fund (PIF), owns 72.8 million shares and is PIF’s largest single holding in Uber. Khosrowshahi, CEO since 2017, owns 2.29 million shares and previously led Expedia. Krishnamurthy, senior vice president and chief people officer at Uber, owns 671,919 shares. Institutional investors hold 84.03% of Uber shares. Vanguard owns 186.53 million shares, BlackRock 152.82 million, and Capital Research Global Investors 120.03 million. The company also faced a lawsuit from the U.S. Federal Trade Commission in April 2025 over deceptive billing practices in Uber One. In 2024, a driver class action lawsuit against Uber and Lyft was dismissed after a court ruled that claims must be arbitrated individually. Uber announced a $20 billion stock buyback in the second quarter of 2025, exceeding analyst estimates.

Investor interest in non-U.S.-equity exchange-traded funds is rising, with global diversification becoming a key trend. In July, non-U.S.-equity ETFs attracted $24 billion in inflows, accounting for 30% of equity flows and 19% of total assets. U.S. equity ETFs still dominate with 86% of equity flows, but there is a noticeable shift toward overseas exposure. Small-cap equities are seeing sustained outflows, with $6.6 billion in outflows in July, marking the seventh consecutive month of outflows. Fixed-income ETFs saw $24 billion in inflows in July, pushing year-to-date totals to over $200 billion, with projections suggesting they could reach $380 billion by year-end. Gold ETFs received $2 billion in inflows in July, contributing to a year-to-date total of $21 billion. Emerging market ETFs saw stronger performance in the first six months of 2025 than in all of 2024, with six consecutive months of inflows totaling $16 billion.

Major U.S. banks including JPMorgan, Goldman Sachs, Citigroup, Wells Fargo, Charles Schwab, State Street, PNC, American Express, and others are increasingly engaging with Bitcoin through custody services, trading platforms, and rewards programs. Since early 2024, these financial institutions have shifted from skepticism to active participation, launching or preparing Bitcoin-related products for clients. JPMorgan and PNC have partnered with Coinbase to enable direct crypto trading and wallet funding, while State Street, BNY Mellon, and Citi are testing stablecoins and blockchain-based settlement systems. Michael Saylor, CEO of MicroStrategy, predicts that banks will lend against Bitcoin, the U.S. government will hold Bitcoin reserves, big tech will embrace Bitcoin, and it will be accessible on consumer devices like the iPhone, positioning the U.S. as a global leader in crypto innovation.