Welcome to our dedicated page for State Str news (Ticker: STT), a resource for investors and traders seeking the latest updates and insights on State Str stock.
State Street Corporation (STT), a global provider of financial services to institutional investors, maintains this dedicated news hub for stakeholders seeking authoritative updates. Our curated collection combines official press releases with market-relevant analysis, offering comprehensive tracking of corporate developments.
This resource delivers immediate access to earnings announcements, strategic partnerships, and regulatory filings, alongside expert commentary on market implications. Users benefit from centralized monitoring of investment servicing innovations, asset management trends, and global financial operations updates.
The archive organizes content into key categories including quarterly financial disclosures, leadership changes, risk management initiatives, and technology implementations. Each entry maintains factual accuracy while providing context for institutional investors and financial professionals.
Bookmark this page for efficient tracking of State Street's evolving position in global financial markets. Regular updates ensure continuous access to material developments affecting one of the world's largest custody banks and asset managers.
State Street Corporation (NYSE: STT) announced that its Chief Financial Officer, Eric Aboaf, will speak at the RBC Capital Markets Global Financial Institutions Conference on March 9, 2021, at 2:00 PM EST. Investors can access the live webcast on State Street’s Investor Relations homepage, with a replay available for two weeks after the event. As of December 31, 2020, State Street manages $3.5 trillion in assets and oversees $38.8 trillion in assets under custody, serving institutional investors globally.
State Street Corporation (NYSE: STT) declared a quarterly cash dividend of $0.52 per share, set to be paid on April 12, 2021, to shareholders recorded by the close of business on April 1, 2021. As a leading financial services provider to institutional investors, State Street has $38.8 trillion in assets under custody and/or administration and $3.5 trillion in assets under management as of December 31, 2020. The corporation operates globally in over 100 markets and employs around 39,000 individuals.
State Street Corporation (NYSE:STT) has appointed Theresa McLaughlin as its new global chief marketing officer. McLaughlin brings over 18 years of experience in the financial services sector, previously serving as the chief marketing officer at TD Bank Financial Group. Her expertise in brand building is expected to enhance State Street's global reach and impact, particularly at this crucial time for clients. McLaughlin will report to Julia McCarthy, the global head of client experience.
Charles River Development, a State Street company, has been selected by Retail Employees Superannuation Trust (Rest), one of Australia's largest super funds, to implement its cloud-based Charles River Investment Management Solution (IMS). This partnership aims to consolidate Rest's front and middle office operations, enhancing asset allocation management across various assets. The solution will automate processes to improve efficiency and transparency, supporting Rest's investment needs and long-term returns for its 1.8 million members.
State Street Corporation (NYSE: STT) announced that Chief Financial Officer Eric Aboaf will speak at the Credit Suisse Virtual Financial Services Forum on February 24, 2021, at 12:10 PM EST. The event will be available via webcast on State Street’s Investor Relations page, with a recorded replay accessible later that day for approximately two weeks.
State Street is a leading provider of financial services to institutional investors, managing $3.5 trillion in assets and overseeing $38.8 trillion in assets under custody as of December 31, 2020. For more details, visit www.statestreet.com.
State Street Global Advisors has launched the SPDR Nuveen Municipal Bond ETF (MBND), an actively managed ETF aimed at optimizing tax-exempt income through identified undervalued municipal bonds. In collaboration with Nuveen, the ETF seeks to balance current income with capital appreciation using a value-oriented strategy. The fund targets a weighted average duration of 4.5 to 7 years and aims for above-average returns while maintaining a gross expense ratio of 0.40%. This initiative reflects an effort to offer investors yield opportunities in a low-interest environment.
State Street Global Advisors has announced the closure and liquidation of several SPDR ETFs after a review of their offerings. The affected ETFs include the SPDR Solactive Canada ETF (ZCAN), SPDR Solactive Germany ETF (ZDEU), SPDR Solactive United Kingdom ETF (ZGBR), and others. The last day for creations and redemptions will be March 17, 2021, with trading suspended on March 18. Shareholders can expect to receive liquidation proceeds around March 24, 2021. This decision aims to streamline their ETF offerings and enhance overall portfolio management.
State Street Corporation (NYSE: STT) has expanded its collaboration with the Los Angeles County Employees Retirement Association (LACERA). This agreement enhances State Street's offerings, providing LACERA with advanced performance and analytics solutions, along with alternative administration for its real estate assets. LACERA will now access State Street's multi-asset class portfolio management platform, designed to offer insights into performance, risk, and cash management. This strategic move aims to improve LACERA’s governance and efficiency in managing its total fund requirements.
State Street Corporation (NYSE: STT) has released its fourth-quarter and full-year financial results for 2020. The firm reported significant figures, managing $38.8 trillion in assets under custody and/or administration, and $3.5 trillion in assets under management as of December 31, 2020. A conference call to discuss these results and the company's outlook is scheduled for January 19, 2021, at 10:00 a.m. EST. This call will be accessible to the public via the Investor Relations website and by telephone.
State Street Corporation (NYSE:STT) announced the redemption of $500 million of its Series F Preferred Stock on March 15, 2021, for a cash redemption price of $100,000 per share, plus unpaid dividends. A cash dividend of $953.38 per share has been declared for the period leading up to the redemption date. Additionally, following the Federal Reserve's lifted moratorium on share repurchases, State Street plans to resume its common share repurchase program during Q1 2021, dependent on Board approval. The company's capital optimization strategies aim to benefit shareholders.
