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 (NYSE: STT) has declared a quarterly cash dividend of $0.69 per share of common stock, payable on July 11, 2024, for shareholders of record as of July 1, 2024.
The also announced dividends on its non-cumulative perpetual preferred stock series. Series G will receive $1,337.50 per share, which equates to $0.334375 per depositary share, payable on June 18, 2024, for holders of record as of June 3, 2024.
Series H will receive $2,145.39 per share, or $21.453900 per depositary share, payable on June 18, 2024, for holders of record as of June 3, 2024.
Series I will receive $2,512.50 per share, or $25.125000 per depositary share, also payable on June 18, 2024, for holders of record as of June 3, 2024. These dividends cover the period from January 31, 2024, to June 15, 2024.
Charles River Development, a State Street Company, has appointed Vinayak Bhat as the new senior vice president, head of Asia Pacific. Vin brings over 25 years of experience in leadership positions and joins from FactSet Research Systems. He will oversee all business operations in the APAC region and collaborate with State Street Alpha.
State Street (NYSE: STT) has appointed Elizabeth Lynn as the new Global Head of Investor Relations. With over 20 years of experience in investor relations and financial services, Lynn will lead the engagement with investors and analysts, providing insights into the company’s financial performance and long-term goals. She joins from Citigroup, where she held various senior positions.
State Street (STT) executives will attend Bernstein's 40th Annual Strategic Decisions Conference in New York on May 31, 2024. The event will be webcast on State Street's Investor Relations website.
State Street (NYSE: STT) conducted a survey revealing that private market assets are seeing increasing demand, with over a third of institutions already allocating more than 50% of their portfolios to private markets. The vast majority of institutional investors are expecting growth in their exposure to private market assets over the next couple of years, particularly in infrastructure, private debt, and, longer-term, private equity. However, economic conditions pose continued challenges, with macro issues impacting fundraising and borrowing costs for private markets. Technology and legislation are expected to play pivotal roles in driving growth in retail investor participation in private markets.
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