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 (NYSE: STT) is a global financial institution focused on providing financial services to institutional investors, including investment servicing, investment management, and investment research and trading. The STT news feed on Stock Titan aggregates company announcements, Business Wire releases, and other disclosures that illustrate how State Street operates across markets and products.
Recent news highlights State Street Investment Management’s strategic initiatives, such as a planned minority investment, subject to regulatory approval, in Groww Asset Management Limited in India to support Indian-focused investment strategies, and partnerships with Galaxy Asset Management to develop a tokenized private liquidity fund that aims to provide onchain liquidity using stablecoins. Other releases describe State Street’s role as a service provider for actively managed UCITS ETFs launched by Columbia Threadneedle Investments and Dimensional Fund Advisors in Europe.
Investors and analysts following STT can also find announcements about quarterly and full-year financial results, dividend declarations on common stock, and corporate programs such as matching contributions to children’s savings accounts under a U.S. Treasury initiative. Additional items include participation in industry conferences, updates on the Select Sector SPDR ETF franchise, and technology developments at Charles River Development, a State Street company providing front-office investment management solutions.
This news page allows users to review how State Street communicates its business developments, capital markets activity, and product collaborations over time. By examining these updates together, readers can better understand the themes shaping State Street’s institutional services, ETF and fund servicing capabilities, asset management initiatives, and involvement in areas such as digital assets and sector-based investing.
State Street Corporation (NYSE: STT) announced its financial results for the third quarter of 2020, reporting $36.6 trillion in assets under custody and/or administration and $3.1 trillion in assets under management. The firm offers a range of financial services to institutional investors globally.
A conference call discussing the results and future outlook is scheduled for October 16, 2020, at 10:00 a.m. EDT. Investors can access further details on State Street's Investor Relations website.
State Street Corporation (NYSE: STT) announced a quarterly cash dividend for several series of non-cumulative perpetual preferred stock, payable on December 15, 2020. The dividends are as follows: Series D will receive $1,475.00 per share (approx. $0.3687 per depositary share), Series F will receive $972.53 per share (approx. $9.7253 per depositary share), Series G will receive $1,337.50 per share (approx. $0.3343 per depositary share), and Series H will receive $2,812.50 per share (approx. $28.1250 per depositary share). Record date is November 30, 2020.
State Street Corporation (NYSE: STT) achieved carbon neutrality for Scope 1 and Scope 2 emissions in 2020, exceeding its 30% carbon reduction goal set in 2015. The company plans to continue reducing emissions over the next decade, aligning with the Science-Based Targets initiative (SBTi). Key actions include retrofitting infrastructure, purchasing renewable energy certificates, and collaborating with stakeholders to manage climate risks. State Street operates globally, managing $3.05 trillion in assets and focuses on sustainability as part of its long-term corporate strategy.
State Street's Charles River Development launched the Compliance LawCard® Solution integrated into the Charles River Investment Management Solution (IMS). This offering assists investment firms in managing regulatory changes effectively, reducing administrative and cost burdens. With expertise in global regulations, Charles River aims to enhance compliance capabilities for clients. The firm supports over $29 trillion in assets globally, leveraging advanced technology and compliance resources to streamline investment management processes.
State Street Global Advisors has released its 2020 Proxy Season Review, detailing engagements with 409 companies and voting on 113,595 proposals globally. Key focuses included companies’ responses to COVID-19, R-Factor™ ESG scoring integration, and gender diversity through the ongoing Fearless Girl campaign. The firm engaged with 150 companies about COVID-19 impacts and expanded voting guidelines for gender diversity to Hong Kong and Singapore. An inaugural Climate Report has also been published, emphasizing climate-related engagements since 2014, with a notable increase in supporting climate proposals.