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) declared a quarterly cash dividend of $0.52 per share, scheduled for payment on July 12, 2021. Shareholders of record by the close of business on July 1, 2021 will receive this dividend. State Street is a leading financial services provider with $40.3 trillion in assets under custody and/or administration, and $3.6 trillion in assets under management as of March 31, 2021.
State Street Corporation (NYSE:STT) announced that its Chairman & CEO, Ron O’Hanley, along with CFO Eric Aboaf, will participate in Bernstein’s Annual Strategic Decisions Conference on June 2, 2021, at 10:00 am ET. The event will be held virtually, and a webcast will be available on State Street’s Investor Relations page. A recorded replay will be accessible later in the day for approximately two weeks. As of March 31, 2021, State Street oversees $40.3 trillion in assets under custody and $3.6 trillion in assets under management.
State Street Corporation (NYSE: STT) has launched a new Bitcoin Thematic Indicator series designed to gauge the increasing media coverage and sentiment surrounding Bitcoin. This initiative expands their MediaStats Thematic Indicators, which were introduced in November 2020 in collaboration with MKT MediaStats. The indicators analyze vast digital news sources to assist institutional investors in understanding how Bitcoin influences traditional markets. The new Bitcoin Indicator provides valuable insights, allowing investors to make more informed portfolio management decisions.
State Street Corporation (NYSE: STT) has appointed Aman Thind as executive vice president and global chief architect. Reporting to Brian Franz, Thind will drive the firm's technology transformation and support innovations in digital assets, including crypto. Previously CTO of State Street’s GlobalLink platform, Thind has extensive experience, having worked with leading firms like Morgan Stanley and Fidelity. This leadership change is part of State Street's commitment to enhancing its technology capabilities and meeting the evolving needs of global clients.
State Street Corporation (NYSE: STT) has declared cash dividends on non-cumulative perpetual preferred stock series. The Series D dividend is $1,475.00 per share ($0.3687 per depositary share), Series F is $966.22 per share ($9.6622 per depositary share), Series G is $1,337.50 per share ($0.3343 per depositary share), and Series H is $2,812.50 per share ($28.1250 per depositary share). All dividends are payable on June 15, 2021, to shareholders on record as of June 1, 2021.
Charles River Development, a State Street company, announced the expansion of its partnership with Nomura Asset Management Co., Ltd., a prominent Japanese asset manager with approximately US$607 Billion AUM. Nomura will utilize the Charles River Investment Management Solution on Microsoft Azure to streamline post-trade operations and enhance investment management. This SaaS deployment aims to reduce operational risks, minimize technology overhead, and accommodate increasing trading volumes as Nomura expands its investment offerings.
State Street Corporation (NYSE: STT) has entered an agreement with Invesco Ltd. (NYSE: IVZ) to implement State Street Alpha℠, an integrated asset servicing platform designed for institutional and wealth management firms. This migration aims to simplify Invesco's investment infrastructure, enhancing scale, reducing risk, and boosting operational efficiency. The integration will commence in Q2 2021, with completion targeted for late 2024. State Street Alpha combines essential components like Charles River Development and the Alpha Data Platform, facilitating better investment decisions and streamlining operations.
State Street Corporation (NYSE: STT) announced its first-quarter 2021 financial results, highlighting its role as a leading provider of financial services for institutional investors. As of March 31, 2021, the company manages $3.6 trillion in assets and holds $40.3 trillion in assets under custody and/or administration. The firm operates in over 100 markets worldwide and employs around 39,000 individuals. A conference call to discuss the financial results and outlook is set for April 16, 2021, at 10:00 a.m. EDT, accessible to the public via their Investor Relations website.
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