Welcome to our dedicated page for State Street Corporation news (Ticker: STT), a resource for investors and traders seeking the latest updates and insights on State Street Corporation stock.
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 Corporation (NYSE: STT) announced that Global CIO Brian Franz and Vice Chairman CFO Eric Aboaf will speak at Morgan Stanley’s US Financials Conference in New York on
State Street Corporation (NYSE: STT) declared a quarterly cash dividend of $0.57 per share, scheduled for payment on July 11, 2022. Shareholders of record as of July 1, 2022 will be eligible. As of March 31, 2022, State Street managed $4.0 trillion in assets and held $41.7 trillion in assets under custody and administration, showcasing its significant presence in the financial services sector for institutional investors worldwide.
State Street Corporation (NYSE:STT) has launched its Fund Connect ETF portal in Singapore, marking a significant milestone for its ETF digital capabilities. The portal now facilitates global ETF trading, enhancing access to over 960 ETFs from leading issuers. This expansion is crucial as Asia-Pacific ranks as the third-largest ETF market globally. The firm has also secured jurisdictional approval in Australia, highlighting growth in a fast-evolving market. The Fund Connect portal aims to increase market participation and efficiency in ETF transactions.
Paxos has partnered with State Street to enhance the efficiency of securities settlements through the Paxos Settlement Service. The collaboration aims to achieve same-day (T+0) settlements, addressing existing market inefficiencies. State Street's integration with Paxos facilitates cost-effective settlement processes, offering immediate T+0 capabilities compared to the legacy infrastructure, which aims for T+1 by 2024. This partnership showcases the potential of blockchain technology to streamline financial operations and reduce costs for institutional investors.
State Street Corporation (NYSE:STT) has announced the complimentary release of the PriceStats Global Food Inflation series to assist policymakers addressing rising food prices linked to the Ukraine war. This series builds on their previously provided indicators to central banks, monitoring retail pricing trends across 22 nations. Current data indicates a 12% annualized food inflation rate for 2022, surpassing historical highs. As of March 31, 2022, State Street manages
State Street Corporation (NYSE: STT) announced the successful issuance of $500 million in senior unsecured debt, reinforcing its commitment to diversity and inclusion in finance. The offering, which closed recently, involved a syndicate of five women-owned broker-dealers, underlining the firm's focus on empowering minority-owned businesses. This marks State Street's fourth similar issuance in less than a year, with the notes priced at the tight end of the initial price talk and an order book that was nearly eight times oversubscribed.
State Street Corporation (NYSE: STT) announced that its Chairman & CEO, Ron O’Hanley, and Vice Chairman & CFO, Eric Aboaf, will participate in Autonomous Bernstein’s 38th Annual Strategic Decisions Conference on June 1, 2022, at 3:30 pm ET in New York. An audio webcast will be available on State Street’s Investor Relations website, with a recorded replay accessible later. As of March 31, 2022, State Street manages $4.0 trillion in assets and has $41.7 trillion in assets under custody globally, employing approximately 39,000 people.
State Street Global Advisors has launched the SPDR MarketAxess Investment Grade 400 Corporate Bond ETF (LQIG), marking its first fixed income ETF focused on liquidity. This ETF aims to provide investors with credit exposure to U.S. investment-grade corporate bonds featuring higher liquidity, tighter bid-ask spreads, and lower premiums. It tracks the MarketAxess U.S. Investment Grade 400 Corporate Bond Index, which consists of 400 bonds with above-average liquidity. The launch seeks to enhance transparency and tradability in the traditionally illiquid fixed income market.
Charles River Development, a State Street Company, has been selected by Futuregrowth Asset Management to implement their Charles River Investment Management Solution (IMS) as the new front office investment system. This platform enhances risk and portfolio management, facilitates trading, and supports efficient collaboration. Futuregrowth, managing around R193 billion (approximately US$12 billion) in assets, aims to uphold ethical investment practices while streamlining operations. Charles River's established presence in South Africa underscores their commitment to operational efficiency and support for innovative investment strategies.
State Street Corporation (NYSE: STT) announced significant senior management changes, appointing Lou Maiuri as President and head of Investment Services, while Eric Aboaf becomes Vice Chairman. These appointments aim to enhance business alignment and drive revenue growth. Maiuri will oversee all aspects of Investment Services, while Aboaf will manage Global Markets, enhancing balance sheet optimization. These changes are expected to strengthen leadership accountability and support the company’s financial targets, while also addressing client needs.
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