State Str Corp Stock Price, News & Analysis

State Street Corporation (NYSE: STT) announced a cash dividend on its preferred stocks, payable on December 15, 2022. The dividends include $1,475.00 per share for Series D, $1,741.53 for Series F, $1,337.50 for Series G, and $2,812.50 for Series H. Shareholders must be on record by November 30, 2022. As of September 30, 2022, State Street has $35.7 trillion in assets under custody and $3.3 trillion in assets under management, solidifying its status as a key player in financial services for institutional investors.

State Street Corporation (NYSE: STT) has opened a new office in Chile to enhance its services for institutional clients in Latin America. Alberto Menendez has been appointed to lead the office and strengthen sales efforts in Chile and Peru. This move builds on State Street's previous expansion efforts in the region, including the launch of foreign exchange capabilities in Brazil. State Street currently manages $35.7 trillion in assets under custody and $3.3 trillion in assets under management.

State Street Corporation (NYSE: STT) reported its third-quarter 2022 financial results, showcasing its position as a leading financial services provider to institutional investors. As of September 30, 2022, the firm had $35.7 trillion in assets under custody and/or administration, and $3.3 trillion in assets under management. A conference call to discuss these results and future outlook will occur on October 18, 2022, at 11:00 a.m. ET.

State Street Global Advisors announced a collaboration with Barclays’ Research to develop active systematic fixed income strategies. This partnership aims to create investment products leveraging data from Barclays' systematic strategy indices. Matthew Steinaway, Chief Investment Officer of State Street, highlighted the challenges in adding value with active strategies due to efficient markets. A recent report indicated that 91% of institutional investors are interested in systematic strategies. State Street manages over $1 trillion in fixed income assets, enhancing its capabilities through this collaboration.

State Street Corporation (NYSE: STT) has partnered with Capitolis to launch an automated post-trade solution via its TradeNeXus platform. This collaborative effort aims to help buy-side firms enhance portfolio optimization by automating data submissions and utilizing advanced analytics to identify foreign exchange trade opportunities. With this integrated offering, firms can achieve significant capital and operational efficiencies, critical in today's competitive foreign exchange market.

State Street Corporation (NYSE: STT) announced the appointment of Yvette Hollingsworth Clark as executive vice president and global chief compliance officer. Reporting to Brad Hu, she will oversee global compliance activities, establishing strong governance frameworks in line with financial regulations. Hollingsworth Clark has a robust background in compliance leadership, previously serving at Google, Barclays Capital, Citigroup, and Wells Fargo, where she managed extensive compliance operations. Her expertise aims to enhance compliance and AML practices at State Street.

State Street (NYSE:STT) has partnered with FundGuard to integrate their cloud-native investment accounting solution into the State Street Alpha platform. This strategic move aims to enhance State Street's accounting services, enabling clients to gain critical insights into their investment performance. FundGuard's technology will streamline processes from portfolio management to custody operations. State Street Alpha is recognized as the first modern cloud-native platform offering comprehensive financial services for institutional investors, with over $38.2 trillion in assets under custody.

State Street Corporation (NYSE: STT) announced that Vice Chairman & Chief Financial Officer, Eric Aboaf, will attend the BancAnalysts Association of Boston Conference on Thursday, November 3, 2022, at 12:45 PM ET in Boston. A live webcast will be available on State Street's Investor Relations page, with a recorded replay accessible later that day for two weeks. As of June 30, 2022, State Street managed $3.5 trillion in assets and had $38.2 trillion in assets under custody worldwide, employing approximately 40,000 staff globally.