State Street Corporation - STT STOCK NEWS

State Street Corporation (NYSE: STT) has announced a quarterly cash dividend on its non-cumulative perpetual preferred stock series. The dividends are as follows:

• Series D: $1,475.00 per share ($0.3687 per depositary share), payable on September 15, 2022, to holders of record by August 31, 2022.
• Series F: $1,386.61 per share ($13.8661 per depositary share), payable on September 15, 2022.
• Series G: $1,337.50 per share ($0.3343 per depositary share), payable on September 15, 2022.

State Street Corporation (NYSE:STT) has appointed Brenda Tsai as the new executive vice president and global chief marketing officer. With over 27 years of experience in marketing, Tsai will lead the global marketing team, enhancing customer acquisition and brand strategy. Her prior roles include chief marketing officer at Bank of New York Mellon and DXC Technology. This strategic appointment aims to strengthen State Street's brand and focus on exceptional client experiences, aligning with the firm’s mission to create better outcomes for investors.

State Street Global Advisors has appointed Jennifer Taylor as the new Head of Emerging Market Debt (EMD) and Senior Portfolio Manager, overseeing approximately $35 billion in assets. Taylor, based in London, previously managed the EMD business at Janus Henderson Investors. Her extensive experience is expected to drive growth in EMD strategies, responding to increasing investor demand. Stephen Yeats indicated that her leadership will enhance the investment process for State Street's offerings.

State Street Corporation (NYSE: STT) announced its second-quarter 2022 financial results, with $38.2 trillion in assets under custody and/or administration, and $3.5 trillion in assets under management as of June 30, 2022. The company serves institutional investors globally and will hold a conference call to discuss the results at 12:00 p.m. ET today, July 15, 2022. The call will be publicly accessible via audio webcast.

State Street Corporation (NYSE: STT) has announced a change in the timing of its second-quarter 2022 financial results release. The results will now be disclosed on July 15, 2022, at 7:30 a.m. ET, with a webcast and teleconference scheduled for 12:00 p.m. ET. This adjustment aims to minimize conflicts with other earnings announcements within the industry. State Street, a leading provider of financial services to institutional investors, oversees $41.7 trillion in assets under custody and $4.0 trillion in assets under management as of March 31, 2022.

State Street and FactSet have announced a strategic partnership aimed at integrating State Street Alpha with FactSet's strengths. This collaboration is designed to streamline data flows across various investment operations, enhancing client experience from portals to custody services. The integration will also support real-time updates of portfolio data and compliance management, aligning with both companies' objectives to provide greater analytics and insights for clients.

Allspring Global Investments, managing over $541 billion in assets, has announced a partnership with State Street Corporation (NYSE: STT) to adopt the State Street Alpha platform for its middle-office operations. This phased transition is expected to conclude by the end of 2023. The collaboration aims to enhance Allspring's operational capabilities and client service through process modernization and advanced technology. Joe Sullivan, Executive Chair and CEO of Allspring, stated that this agreement is pivotal for the company’s growth as an independent global asset manager.

State Street Corporation (NYSE: STT) will announce its Q2 2022 financial results on July 15, 2022, at approximately 7:30 a.m. ET. The results will be discussed during a webcast and teleconference at 11:00 a.m. ET. Investors can access the call via State Street’s Investor Relations website or by phone. The company, managing $41.7 trillion in assets under custody and $4.0 trillion in assets under management, operates in over 100 markets globally.

State Street Corporation (NYSE: STT) announced a preliminary stress capital buffer (SCB) requirement of 2.5% effective October 1, 2022, and plans to increase its quarterly common stock dividend by 10% to $0.63 per share, pending board approval. The company reported a strong capital position, with a common equity tier 1 (CET1) ratio requirement at 8%. Additionally, State Street intends to resume its common share repurchase program in the fourth quarter, depending on market conditions.