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State Street Corporation (STT) is a globally recognized leader in the financial services industry. Specializing in investment management, investment research and trading, and investment servicing, State Street partners with institutional investors worldwide. These services cater to asset managers, asset owners, alternative asset managers, insurance companies, pension funds, and official institutions.
With approximately $42 trillion in assets under custody and administration and $4.1 trillion in assets under management as of December 31, 2023, State Street demonstrates its significant presence and influence in the financial sector. The company operates in more than 100 geographic markets and employs over 46,000 professionals globally, providing a robust network of support and expertise.
State Street is committed to helping clients overcome challenges and achieve better performance both now and in the future. The company consistently delivers innovative solutions and maintains a forward-looking approach to meet the evolving needs of its clients.
Recent achievements include strategic partnerships and technological advancements aimed at enhancing client services. State Street's current projects focus on expanding its capabilities in data analytics, artificial intelligence, and digital asset management, ensuring it remains at the forefront of the industry.
In addition to its core services, State Street is dedicated to sustainability and responsible investing, integrating environmental, social, and governance (ESG) criteria into its investment processes. This commitment not only benefits clients but also contributes to the broader goal of sustainable development.
State Street (NYSE:STT) has declared its latest dividend payments for both common and preferred stockholders. The company announced a quarterly cash dividend of $0.76 per share of common stock, payable on April 11, 2025, to shareholders of record as of April 1, 2025.
Additionally, the company declared dividends for three series of non-cumulative perpetual preferred stock:
- Series G: $1,337.50 per share ($0.334375 per depositary share)
- Series I: $1,675.00 per share ($16.750000 per depositary share)
- Series J: $1,675.00 per share ($16.750000 per depositary share)
All preferred stock dividends will be paid on March 18, 2025, to holders of record as of March 3, 2025.
State Street (NYSE: STT) has announced the issuance of $750 million of depositary shares, each representing a 1/100th ownership interest in its 6.450% Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock, Series K. The shares have a liquidation preference of $100,000 per share.
The issuance involved a diverse syndicate of underwriters, including minority and women-owned investment banks. Dividends will be paid quarterly starting June 15, 2025, with a fixed rate of 6.450% until September 15, 2030. After that, the rate will reset every five years based on the U.S. Treasury rate plus a 2.135% spread.
The company maintains redemption rights after September 15, 2030, subject to regulatory approval, or in case of a regulatory capital treatment event.
State Street (NYSE: STT) has announced that Chairman & CEO Ron O'Hanley will present at the UBS Financial Services Conference in Miami, FL. The presentation is scheduled for Tuesday, February 11, 2025, at 10:30 am ET.
An audio webcast of the event will be available on State Street's Investor Relations website. Investors and interested parties can access the live presentation through https://investors.statestreet.com/. A recorded replay will be accessible on the same website for approximately 90 days following the presentation.
State Street (NYSE: STT) has announced the appointment of Sarah Salih as executive vice president and head of North America for its Investment Services business. Based in Boston, Salih will report to Joerg Ambrosius, president of State Street Investment Services.
In her new role, Salih will be responsible for establishing a cohesive operating model to deliver consistent client experience in North America, developing client relationships, and aligning with sales efforts. She brings over three decades of industry experience, joining from HSBC Securities (USA) where she served as head of Regional Coverage, Americas. Previously, she held senior positions at Deutsche Bank Securities across banking and markets.
State Street (NYSE: STT) has announced a continuation of their Q&A session following a technical interruption during their fourth-quarter and full-year 2024 earnings call on January 17, 2025. The original conference call, which was scheduled to discuss financial results and outlook, experienced a vendor-related technology issue during the Q&A portion after the prepared remarks were completed.
The company will host the continuation of the Q&A session on Wednesday, January 22, 2025, at 12:00 p.m. EST. The session will be accessible to the public through State Street's Investor Relations website and via telephone. A replay will be available for approximately one month following the call on the company's Investor Relations website.
State Street (NYSE: STT) has announced it will host an additional Q&A session following a technical interruption during their fourth-quarter and full-year 2024 earnings call. The original conference call, scheduled for January 17, 2025, was disrupted during the Q&A portion due to vendor-related technical issues after the completion of prepared remarks.
The continuation of the Q&A session is scheduled for January 22, 2025, at 12:00 PM EST. Detailed call information and dial-in instructions will be made available on State Street's Investor Relations website prior to the call. The company's financial results, presentation, and additional information remain accessible through their investor relations platform.
State Street (NYSE: STT) announced the release of its fourth-quarter and full-year 2024 financial results. The company has made the financial information available through its Investor Relations website. A conference call is scheduled for 11:00 a.m. ET on Friday, January 17, 2025, to discuss the results, outlook, and related matters. The call will be accessible to the public via the company's website and telephone. A replay of the conference call will be available on the website and via telephone for approximately one month.
State Street (NYSE: STT) has declared a quarterly cash dividend of $0.76 per share of common stock. The dividend will be paid on January 13, 2025, to shareholders of record as of the close of business on January 2, 2025.
State Street (NYSE: STT) has completed its $100 million initiative launched in 2024 by placing additional deposits through three institutions: Liberty Bank, Native American Bank, and Sunrise Banks. This initiative aims to expand access to financial services through Minority Depository Institutions (MDIs) and Community Development Financial Institutions (CDFIs).
Liberty Bank, the largest Black-owned financial institution in the US, operates across 11 states with assets exceeding $1 billion. Native American Bank is the only national American Indian owned community development bank in the country. Sunrise Banks, certified as a CDFI, focuses on social responsibility and community impact in Minneapolis/St. Paul and Sioux Falls.
State Street (NYSE: STT) has appointed Majed Al Hassoun as Country Head for Saudi Arabia and Bahrain to lead the firm's Investment Services and Global Advisors strategy in these markets. Based in Riyadh, Al Hassoun will serve as CEO of State Street Saudi Arabia Financial Solutions, pending regulatory approval. He will report to Oliver Berger, Head of Emerging Growth Markets, and Emmanuel Laurina, Head of Middle East, Africa and Official Institutions.
With two decades of financial services experience, Al Hassoun will be responsible for developing and executing an enterprise-wide approach to grow State Street's business in Saudi Arabia and Bahrain, while ensuring regulatory compliance. The appointment aims to strengthen State Street's presence in the Middle East during a significant growth phase for both its Investment Services and Global Advisors businesses.
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