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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 Completes Acquisition of CF Global Trading

Rhea-AI Summary
State Street Corporation (NYSE: STT) has completed the acquisition of CF Global Trading, a global firm specializing in outsourced trading. The deal extends the ability for State Street to provide outsourced trading services to clients in the UK and the EU. State Street has provided clients with outsourced trading solutions since 2010, and the addition of CF Global Trading strengthens its current outsourced trading services. The new combined State Street footprint for outsourced trading will include trading desks in Boston, New York, Toronto, London, Lisbon, Hong Kong, and Sydney. The closing of the deal will allow State Street to offer a complete global trading solution as part of the firm’s State Street Alpha® front-to-back platform.
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State Street Corporation Announces Issuance of Preferred Stock

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State Street Corporation (STT) has announced the issuance of $1.5 billion of depositary shares, each representing a 1/100th ownership interest in a share of its 6.700% Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock, Series I. The offering was structured in line with the company's inclusion, diversity, and equity efforts, with diverse underwriters involved. Dividends on the Series I Preferred Stock will be payable quarterly, with a fixed rate of 6.700% per annum until March 15, 2029, and then reset based on the five-year U.S. Treasury rate plus a spread of 2.613%. State Street may redeem the Series I Preferred Stock in the future.
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State Street to Participate in the UBS Financial Services Conference

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State Street Corporation (STT) announced the participation of its CEO and CFO in the UBS Financial Services Conference. The event will be held on February 27, 2024, and an audio webcast and materials will be accessible on the company's Investor Relations website. A recorded replay will also be available for approximately ninety days following the presentation.
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State Street Corporation (NYSE: STT) Reports Fourth-Quarter and Full-Year 2023 Financial Results

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State Street Corporation (STT) reported its Q4 and full-year 2023 financial results, accessible on their Investor Relations website. A conference call to discuss the results and outlook will be held today at 11:00 a.m. ET, open to the public.
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State Street Corporation Declares Dividends on its Non-Cumulative Perpetual Preferred Stock Series “D,” “F,” “G” and “H”

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State Street Corporation (STT) has announced cash dividends for several series of non-cumulative perpetual preferred stock, including Series D, F, G, and H. The dividends range from $0.334375 to $23.364900 per depositary share, with payment dates set for March 15, 2024, to holders of record as of February 29, 2024.
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Mark Shelton Appointed General Counsel for State Street Corporation

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State Street Corporation (STT) appoints Mark Shelton as the new executive vice president and general counsel, succeeding David Phelan. Shelton brings over 30 years of legal experience, previously working at Barclays International and UBS, as well as in private practice and public sector environments. His expertise includes client transactions, trading, cross-border regulatory compliance, data security, privacy, and ESG strategy.
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NACD New England honors Waters Corp. and Devoted Health as Public and Private Company “Boards of the Year”

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NACDNE Honors David Roux, Waters Corp (NYSE: WAT), and Devoted Health; Roux Receives Lifetime Achievement Award Named for R. Robert Popeo
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State Street Corporation (NYSE: STT) Declares Fourth Quarter Dividend on its Common Stock

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State Street Corporation (STT) declares a quarterly cash dividend of $0.69 per share, payable on January 12, 2024, to common shareholders of record at the close of business on January 2, 2024.
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State Street Corporation (NYSE: STT) Announces Date for Release of Fourth-Quarter and Full-Year 2023 Financial Results and Conference Call Webcast

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State Street Corporation (NYSE: STT) will announce its Q4 and full-year 2023 financial results on January 19, 2024, at 7:30 a.m. ET, followed by a webcast and teleconference at 11:00 a.m. ET. The conference call can be accessed via audio webcast on State Street’s Investor Relations website and by telephone. Materials will be available prior to the call, with a replay available for approximately one month.
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State Street Announces Successful Implementation of State Street Alpha® for BMO Global Asset Management

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State Street Corporation (NYSE: STT) successfully implements State Street Alpha, its asset servicing platform, with BMO Global Asset Management (BMO GAM), a leading Canadian asset manager. The implementation of Alpha platform provides BMO GAM with extensive end-to-end capabilities across the front, middle, and back office, incorporating Charles River Development (CRD), custody, registrar and transfer agency, accounting, and supplementary services. This partnership streamlines and modernizes BMO GAM's operating model, providing fast, reliable data, analytics, and real-time insights.
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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