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State Str Corp - STT STOCK NEWS

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 (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 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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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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FAQ

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

The current stock price of State Str (STT) is $98.7 as of February 21, 2025.

What is the market cap of State Str (STT)?

The market cap of State Str (STT) is approximately 28.7B.

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.
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State Str Corp

NYSE:STT

STT Rankings

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STT Stock Data

28.74B
286.39M
0.41%
91.21%
1.3%
Asset Management
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United States
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