State Street Corporation - STT STOCK NEWS

State Street Corporation (NYSE: STT) announced that CFO Eric Aboaf will participate virtually in RBC Capital Markets' Global Financial Institutions Conference on March 9, 2022, at 11:20 am ET. An audio webcast and presentation materials will be available on the company's Investor Relations website, with a recorded replay accessible for 90 days after the event. State Street, a leading provider of financial services to institutional investors, manages approximately $4.1 trillion in assets as of December 31, 2021.

State Street Corporation (NYSE: STT) announced a quarterly cash dividend of $0.57 per share, payable on April 11, 2022. Shareholders on record as of April 1, 2022 will receive this dividend. As of December 31, 2021, State Street managed approximately $4.1 trillion in assets and had $43.7 trillion in assets under custody. The company operates globally, providing financial services to institutional investors across more than 100 markets.

State Street Corporation (NYSE: STT) has declared a quarterly cash dividend on its non-cumulative perpetual preferred stock, totaling $1,475.00 for Series D, $949.94 for Series F, and $1,337.50 for Series G. Payment is set for March 15, 2022, to shareholders on record as of February 28, 2022. State Street manages $4.1 trillion in assets and oversees $43.7 trillion in assets under custody, strengthening its position as a leading financial services provider.

State Street Global Advisors has launched the SPDR Blackstone High Income ETF (HYBL), designed for risk-adjusted total return and high current income by investing in high yield corporate bonds, senior loans, and CLOs. Blackstone sub-advises the fund, utilizing active management techniques aimed at outperforming a composite benchmark of 50% high yield bonds and 50% senior loans. The fund aims to tap into the rising demand for income-generating investments amidst increasing interest from investors.

Charles River Development, a State Street Company, has partnered with Precisely to enhance the State Street Alpha℠ Data Platform with Data360 Govern. This collaboration aims to improve data governance and management for investment firms, enabling faster risk and investment insights. With the integration of this technology, State Street Alpha is positioned as a unique front-to-back platform in the industry, offering simplified data access and management. The partnership highlights the ongoing challenges investment managers face with growing data volumes and emphasizes the importance of data integrity in decision-making.

Charles River Development, a State Street Company, announced a collaboration with LedgerEdge to enhance corporate bond trading. This partnership enables investment firms to access liquidity in the $41 trillion global corporate bond market through the Charles River Inventory Hub and Order and Execution Management System (OEMS). The initiative aims to reduce execution costs and improve trading transparency, allowing clients better control over data and insights into liquidity and execution quality.

State Street Corporation (NYSE: STT) has successfully issued $1.5 billion in senior unsecured debt, enhancing its commitment to diversity in the financial sector. The issuance closed today and involved leading Black-owned investment firms as underwriters, showcasing State Street's ongoing inclusion, diversity, and equity (IDE) efforts. The offering was oversubscribed, with a final orderbook that was 2.0 times the initial price talk. This marks the third issuance structured under the IDE strategy in less than a year, supporting Black equity initiatives during Black History Month.

Charles River Development, a State Street Company, has appointed Nidhi Singh as the new Chief Product Officer. This newly created role focuses on leading the technical product strategy and marketing, integrating with the State Street Alpha platform. Nidhi Singh brings over 20 years of experience from firms like Goldman Sachs and Broadridge. She aims to enhance the product roadmap, making it easier for clients to access data for better investment decisions. Charles River manages assets worth $36 trillion globally, supporting investment managers with sophisticated front-office technologies.

State Street Corporation (NYSE: STT) announced that CFO Eric Aboaf will participate in Credit Suisse’s 23rd Annual Financial Services Forum in Miami, Florida on February 18, 2022, at 11:20 am ET. The event will be accessible via audio webcast on State Street’s Investor Relations website, with a recorded replay available for about ninety days post-event. As of December 31, 2021, State Street manages $4.1 trillion in assets and has $43.7 trillion in assets under custody.