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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 Announces Successful Implementation of State Street Alpha® for BMO Global Asset Management

Rhea-AI Summary
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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State Street Global Advisors’ 2024 Global Market Outlook: uncertainty to persist with bonds taking center stage

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State Street Global Advisors (STT) launched its 2024 Global Market Outlook, outlining a mixed outlook for the year ahead. The firm anticipates sub-trend growth globally amid persistent inflation, muted growth, and continued monetary policy tightening. It expects a 'soft' but fragile landing for the US economy, with fixed income being the best-positioned asset class. Equities are expected to face challenges, and a selective approach is recommended. Emerging markets are expected to remain vulnerable but with pockets of opportunity in hard currency debt and select equities.
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State Street to Further Consolidate Operating Model in India

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State Street Corporation (STT) and HCLTech are finalizing plans for State Street to assume full ownership of the Joint Venture operations (JV) Statestreet HCL Services in India. The consolidation, expected to be completed in Q2 2024, aims to streamline State Street’s operating model and continue its transformation and productivity plan. State Street's collaboration with HCLTech has grown into a valuable servicing and operational center for the firm and its clients. Bringing the State Street HCL Services capabilities in-house will create a more simplified model to facilitate faster decision making and a more effective and efficient experience for its clients.
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State Street Global Advisors to Launch New Company Board-Aligned Voting Policy

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State Street Global Advisors (STT) offers new company board-aligned voting policy option for US ETF and mutual fund investors, expanding voter choice. The Vote with Company Board Recommendation Policy option, the most widely available of its kind in the industry, allows shareholders in US equity index ETFs and mutual funds to align the voting of their shares with the proxy voting recommendations of the boards of directors of the portfolio companies.
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Charles River® and S&P Global Market Intelligence Announce Collaboration to Streamline Primary Issuance in Charles River® IMS

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Charles River Development (CRD), a State Street Company, collaborates with S&P Global Market Intelligence to automate and streamline primary issuance workflows in the Charles River® Investment Management Solution (Charles River IMS). The integration of S&P Global Market Intelligence’s digital primary market platform, InvestorAccess, with Charles River IMS will provide a seamless workflow for firms to manage orders, access deal information, register interest, and indicate order allocations. This collaboration aims to increase efficiency, reduce risk, and enhance access to liquidity for clients of both companies.
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State Street Global Advisors Appoints Anna Paglia as Executive Vice President and Chief Business Officer

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State Street Global Advisors (STT) appoints Anna Paglia as executive vice president and chief business officer. Paglia brings extensive ETF industry leadership and experience from Invesco, where she managed over 350 ETFs totaling more than $460 billion. She will be responsible for developing a longer-term growth strategy for global ETFs, index, cash, and defined contribution at State Street Global Advisors.
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State Street Partners with Diverse Firms to Underwrite $1 Billion of Senior Debt and $0.5 Billion of Senior Subordinated Debt

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State Street Corporation (STT) issued $1 billion of senior debt and $0.5 billion of senior subordinated debt, closing today. The offering reflects State Street’s inclusion, diversity, and equity efforts, with diverse-owned broker-dealers underwriting 40% of the securities. This marks the company's tenth consecutive engagement with diverse underwriters, showcasing its commitment to increasing representation in the industry and communities.
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State Street to Participate in the Goldman Sachs 2023 U.S. Financial Services Conference

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State Street Corporation (STT) to participate in Goldman Sachs U.S. Financial Services Conference on December 6, 2023
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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) Announces Cash Dividend on Various Series of Non-Cumulative Perpetual Preferred Stock
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State Street Announces Organizational Changes

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State Street Corporation announced that Louis D. Maiuri, president, COO, and head of Investment Services, will retire by early 2024. Ron O'Hanley, CEO, will assume the role of president and take responsibility for Investment Services. Mostapha Tahiri will become the COO. Tahiri has transformed the franchise in the Asia-Pacific region for sustainable growth. Investment Services client-facing activities will be consolidated under Joerg Ambrosius. These changes aim to position State Street's Investment Services business for long-term success.
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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 $97.5 as of November 22, 2024.

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

The market cap of State Street Corporation (STT) is approximately 29.1B.

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

#426 Ranked by Market Cap
#983 Ranked by Dividends

STT Stock Data

29.14B
291.72M
0.41%
90.87%
1.1%
Asset Management
State Commercial Banks
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United States of America
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