State Street Corporation - STT STOCK NEWS

State Street Corporation (NYSE: STT) disclosed its first-quarter 2023 financial results today. The firm reported a total of $37.6 trillion in assets under custody and/or administration, along with $3.6 trillion in assets under management as of March 31, 2023. The company operates across over 100 global markets and employs around 43,000 personnel. A conference call to discuss these results will occur at 9:00 a.m. ET on April 17, 2023, accessible to the public via audio webcast. For further details, visit their Investor Relations website.

State Street Corporation (NYSE: STT) announced its acquisition of CF Global Trading, a firm specializing in outsourced trading across various asset classes, including equities and fixed income. This transaction, expected to close by the end of 2023, aims to enhance State Street's trading capabilities and client offerings. CF Global Trading, operational for over 20 years, adds significant scale and expertise, enabling better liquidity access and reduced trading costs for clients. Key benefits include 24-hour trading, multi-asset execution, and modular solutions that maintain client control.

State Street company, Charles River Development, announced a significant transition by Krungsri Asset Management to its cloud-based platform, Charles River Investment Management Solution. This transition enables Krungsri Asset to modernize operations, improving efficiency in portfolio management, trading, and compliance while managing costs effectively. With 540,691 million Baht in assets under management, Krungsri Asset enhances its capacity to support various asset classes including equities and derivatives. This partnership strengthens Charles River's presence in the Asia Pacific region, promoting advanced financial capabilities.

State Street Corporation (NYSE: STT) will announce its first-quarter 2023 financial results on April 17, 2023, at approximately 7:30 a.m. ET. A conference call to discuss these results will take place at 9:00 a.m. ET, accessible via audio webcast on their Investor Relations website or by telephone. State Street, a leading provider of financial services to institutional investors, reported $36.7 trillion in assets under custody and/or administration, and $3.5 trillion in assets under management as of December 31, 2022.

State Street Corporation (NYSE: STT) announced that Vice Chairman and CFO Eric Aboaf will speak at the RBC Capital Markets 2023 Global Financial Institutions Conference in New York, NY on March 7, 2023 at 10:40 am ET. An audio webcast of the event will be available on the Investor Relations section of State Street's website, with a replay accessible for 90 days after the presentation. As of December 31, 2022, State Street manages $3.5 trillion in assets and has $36.7 trillion in assets under custody. The company operates in over 100 markets globally and employs approximately 42,000 people.

State Street Corporation (NYSE: STT) has announced cash dividends for its non-cumulative perpetual preferred stock. For Series D, a cash dividend of $1,475.00 per share is set, amounting to approximately $0.3687 per depositary share, payable on March 15, 2023. Series F will see a cash dividend of $2,091.50, reflecting about $20.9150 per depositary share, also payable on March 15, 2023. Lastly, Series G has a dividend of $1,337.50 per share, amounting to approximately $0.3343 per depositary share, payable on the same date. The record date for all series is February 28, 2023.