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 a public offering of 21,724,217 shares of its common stock at $87.60 per share, expected to close on September 14, 2021. The proceeds will fund part of the acquisition of Brown Brothers Harriman Investor Services. If the acquisition does not close, the funds will be used for general corporate purposes. The offering is underwritten by Goldman Sachs & Co. LLC and BofA Securities and registered under the Securities Act of 1933.
State Street Corporation (NYSE: STT) announced plans to sell 21,724,217 shares of common stock in an underwritten public offering. Proceeds will fund part of the cash consideration for acquiring Brown Brothers Harriman Investor Services. This offering is independent of the acquisition's completion and proceeds will be used for general corporate purposes if the acquisition does not finalize. Goldman Sachs and BofA Securities are the underwriters for this offering.
State Street Corporation (NYSE: STT) has announced its acquisition of Brown Brothers Harriman & Co. (BBH)’s Investor Services business for
State Street Corporation (NYSE: STT) has been appointed by my529 to offer investment servicing solutions, aiming to enhance my529’s operational efficiency. my529, Utah's official nonprofit 529 educational savings plan, has over $20 billion in assets under management and serves more than 400,000 participants. The partnership will allow my529 to upgrade technology, streamline operational processes, and focus on growth. State Street will provide various services including accounting, NAV calculations, performance reporting, and trading services.
State Street Corporation has reached a proposed settlement regarding a derivative action that impacts shareholders as of June 24, 2021. The settlement does not involve any monetary compensation to shareholders. A court hearing is scheduled for October 13, 2021, to evaluate the settlement's fairness and to consider dismissing all claims in the litigation. Shareholders who do not object will be bound by the court's final judgment. State Street, a global financial services leader with $42.6 trillion in assets under custody, continues to serve institutional investors worldwide.
State Street Corporation (NYSE:STT) has launched its Collateral+ business, now operational with DTCC’s Margin Transit Utility (MTU). This new capability simplifies collateral transfer, enhances operational efficiency, and reduces risk by automating margin processes. Clients can now validate, enrich, and monitor collateral more effectively. With market volatility and final phases of uncleared margin rules, automation is increasingly crucial. State Street manages
State Street Corporation (NYSE:STT) announced participation of COO Lou Maiuri and CFO Eric Aboaf in the Barclays Global Financial Services Conference on September 13, 2021, at 10:30 am ET. The event will be virtual, and a webcast will be available on State Street’s Investor Relations page. A recorded replay will also be accessible post-event for two weeks. As of June 30, 2021, State Street manages $3.9 trillion in assets and holds $42.6 trillion in assets under custody worldwide.
State Street Corporation (NYSE: STT) announced its partnership with Lukka to enhance digital and cryptocurrency asset fund administration for private funds clients. This collaboration will enable State Street to utilize Lukka's software for data management, processing, and reporting related to digital assets. The move follows the launch of State Street Digital, aimed at evolving towards digital finance. With $42.6 trillion in assets under custody, State Street is positioning itself to meet growing demands in the crypto space, helping clients diversify their portfolios.
State Street Corporation (NYSE: STT) has submitted its 2021 resolution plan to the Federal Reserve and the FDIC. This plan, known as a “living will,” outlines measures to improve the company's resolvability, adhering to regulatory standards. As of June 30, 2021, State Street managed $3.9 trillion in assets and held $42.6 trillion in assets under custody. The public section of the resolution plan is accessible in the Investor Relations area of State Street's website.
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