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State Street Corporation - STT STOCK NEWS

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.

News

State Street Officially Opens its New Kilkenny Office

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State Street (NYSE: STT) inaugurates a new office and global cybersecurity center in Kilkenny, Ireland, showcasing commitment to the region and confidence in its workforce. The firm's growth over 20 years in Ireland and recognition as a leading financial services provider highlight its strategic importance and environmental responsibility.
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State Street Appointed to Provide Investment Services to AZ Quest, Further Expanding Presence in Latin America

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State Street (STT) has been chosen to provide fund accounting, administration, and investor servicing for AZ Quest in Brazil. This partnership aims to support leading institutional clients in Latin America, showcasing State Street's growth in the region.
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State Street Partners with Diverse Firms to Underwrite $1 Billion of Senior Debt

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State Street (STT) announces a $1 billion senior debt offering, emphasizing inclusion and diversity in the financial services industry. The offering, structured to support inclusion efforts, involved various underrepresented groups in the underwriting syndicate.
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State Street Corporation Announces Time Change for its First-Quarter 2024 Financial Results and Conference Call Webcast

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State Street (STT) reschedules the release of its first-quarter 2024 financial results to avoid conflicts with industry earnings announcements. The financial results will now be announced on April 12, 2024, at 7:30 a.m. ET, with a webcast and teleconference at 12:00 p.m. ET.
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State Street Corporation (NYSE: STT) Announces Date for Release of First-Quarter 2024 Financial Results and Conference Call Webcast

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State Street Corporation (STT) will release its first-quarter 2024 financial results on April 12, 2024. The results will be discussed in a webcast and teleconference. Investors can access the conference call through the Investor Relations website or by phone. Materials will be provided beforehand, and a replay will be available for a month.
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State Street Announces $100 Million Program for Minority Depository Institutions and Community Development Financial Institutions

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State Street Corporation (STT) announces a $100 million program to support minority depository institutions and community development financial institutions. The initiative aims to address inequities in communities by providing low-cost funding. State Street partners with Optus Bank and Mechanics & Farmers Bank to promote economic growth and job creation in underserved communities.
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State Street to Participate in the RBC Capital Markets 2024 Global Financial Institutions Conference

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State Street Corporation's Vice Chairman and CFO, Eric Aboaf, to attend RBC Capital Markets 2024 Global Financial Institutions Conference. The event will be held on March 5, 2024, in New York, NY, at 9:20 am ET. An audio webcast and recorded replay will be available on State Street's Investor Relations website.
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State Street Corporation (NYSE: STT) Declares First Quarter Dividend on Its Common Stock

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State Street Corporation (STT) declares a quarterly cash dividend of $0.69 per share for common shareholders, payable on April 11, 2024.
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State Street Corporation to Redeem $1.0B of Preferred Stock in the First Quarter of 2024

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State Street Corporation (STT) announced the redemption of $750 million of its non-cumulative perpetual preferred stock, Series D, and $250 million of its non-cumulative perpetual preferred stock, Series F. The redemption will be for cash at a redemption price of $100,000 per share plus all declared but unpaid dividends. Additionally, cash dividends for the Series D and Series F Preferred Stock have been declared for the period leading up to the Redemption Date. After the Redemption Date, no shares of Series D or Series F Preferred Stock will be outstanding.
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State Street Expands Fund Connect ETF APIs to Provide Global Coverage

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State Street Corporation (NYSE: STT) has expanded its Fund Connect ETF portal with global coverage, including Europe and the APAC region. The API upgrades allow for automated order routing and direct access to ETFs in multiple currencies, meeting the increasing demand for streamlined and automated ETF creation and redemption processes. The expansion aims to cater to the evolving needs of Authorized Participants (APs) and solidify State Street's position as a leader in the ETF industry.
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FAQ

What is the current stock price of State Street Corporation (STT)?

The current stock price of State Street Corporation (STT) is $98.2 as of December 20, 2024.

What is the market cap of State Street Corporation (STT)?

The market cap of State Street Corporation (STT) is approximately 28.4B.

What services does State Street Corporation provide?

State Street Corporation offers investment management, investment research and trading, and investment servicing to institutional investors.

How much in assets does State Street have under management?

As of December 31, 2023, State Street has approximately $4.1 trillion in assets under management.

What is the global reach of State Street Corporation?

State Street operates in more than 100 geographic markets and employs over 46,000 professionals worldwide.

Who are the main clients of State Street Corporation?

State Street serves asset managers, asset owners, alternative asset managers, insurance companies, pension funds, and official institutions.

What recent projects is State Street involved in?

State Street is focusing on expanding capabilities in data analytics, artificial intelligence, and digital asset management.

How does State Street Corporation approach sustainability?

State Street integrates environmental, social, and governance (ESG) criteria into its investment processes for responsible and sustainable investing.

What are State Street's latest achievements?

Recent achievements include strategic partnerships and technological advancements to enhance client services.

How many assets are under custody and administration by State Street?

State Street has approximately $42 trillion in assets under custody and administration.

What makes State Street a leading financial services provider?

State Street's comprehensive services, global reach, significant assets under management, and commitment to innovation and sustainability make it a leading provider.

What is the employee strength of State Street Corporation?

State Street employs over 46,000 professionals globally.

Stock STT logo
State Street Corporation

NYSE:STT

STT Rankings

#418 Ranked by Market Cap
#1046 Ranked by Dividends

STT Stock Data

28.39B
291.73M
0.41%
90.8%
1.09%
Asset Management
State Commercial Banks
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United States of America
BOSTON