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.
AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of 'a-' (Excellent) for
Cyrus Taraporevala, president and CEO of State Street Global Advisors, will retire in 2022, remaining in his role until a successor is appointed. Under his leadership since 2016, the firm has seen significant growth, with pre-tax earnings increasing by 67% and assets under management reaching $4.1 trillion by the end of 2021. State Street Global Advisors aims to maintain its momentum in investment management through a seamless transition. Taraporevala has also emphasized environmental, social, and governance (ESG) issues during his tenure.
State Street Corporation (NYSE: STT) reported its fourth-quarter and full-year 2021 financial results, emphasizing its strong market position in financial services for institutional investors. The company boasts $43.7 trillion in assets under custody and/or administration, alongside $4.1 trillion in assets under management as of December 31, 2021. The firm will hold a conference call on January 19, 2022, at 10:00 a.m. ET, to discuss these results and future outlook. Investors can access further details at State Street's Investor Relations website.
State Street Corporation (NYSE: STT) has been selected by Raytheon Technologies (NYSE: RTX) to provide comprehensive financial services for the $54 billion Raytheon Technologies Corporation Savings Plan Master Trust. This arrangement includes trustee, custody, asset management, securities lending, and transition management services. The collaboration reflects a long-standing partnership exceeding 30 years, highlighting State Street's capability in investment servicing and management.
State Street Corporation (NYSE: STT) will announce its fourth-quarter and full-year 2021 financial results on January 19, 2022, at approximately 7:30 a.m. ET. A conference call to discuss the results will take place at 10:00 a.m. ET and will be accessible via the Investor Relations website. State Street manages $3.9 trillion in assets and has $43.3 trillion in assets under custody and/or administration as of September 30, 2021.
State Street Corporation (NYSE:STT) and London Stock Exchange Group (LSE:LSEG) have announced an agreement to enhance their partnership, extending their collaboration across a range of capabilities to better serve State Street's clients. The agreement includes access to market pricing, symbology, and time series data from Refinitiv via State Street Alpha Data Platform and Charles River Investment Management Solution, supporting investment and risk decisions. State Street manages $3.9 trillion in assets as of September 30, 2021.
State Street Corporation (NYSE:STT) announced a quarterly cash dividend of $0.57 per share, to be paid on January 13, 2022, to shareholders of record as of the close of business on January 3, 2022. As one of the leading providers of financial services with $43.3 trillion in assets under custody and $3.9 trillion in assets under management (as of September 30, 2021), State Street operates globally in over 100 markets and employs around 39,000 people.
State Street Corporation (NYSE: STT), in partnership with Vanguard and Symbiont, successfully completed margin calculations for a 30-day foreign exchange forward contract using blockchain technology. This initiative aims to enhance post-trade automation and significantly lower counterparty credit risks in the over-the-counter currency market. The collaboration will streamline processes and enable real-time valuations, contributing to efficient trade management. State Street Digital's commitment to innovation emphasizes its role in the ongoing digital transformation of financial services.
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