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 (NYSE: STT) is a global financial institution focused on providing financial services to institutional investors, including investment servicing, investment management, and investment research and trading. The STT news feed on Stock Titan aggregates company announcements, Business Wire releases, and other disclosures that illustrate how State Street operates across markets and products.
Recent news highlights State Street Investment Management’s strategic initiatives, such as a planned minority investment, subject to regulatory approval, in Groww Asset Management Limited in India to support Indian-focused investment strategies, and partnerships with Galaxy Asset Management to develop a tokenized private liquidity fund that aims to provide onchain liquidity using stablecoins. Other releases describe State Street’s role as a service provider for actively managed UCITS ETFs launched by Columbia Threadneedle Investments and Dimensional Fund Advisors in Europe.
Investors and analysts following STT can also find announcements about quarterly and full-year financial results, dividend declarations on common stock, and corporate programs such as matching contributions to children’s savings accounts under a U.S. Treasury initiative. Additional items include participation in industry conferences, updates on the Select Sector SPDR ETF franchise, and technology developments at Charles River Development, a State Street company providing front-office investment management solutions.
This news page allows users to review how State Street communicates its business developments, capital markets activity, and product collaborations over time. By examining these updates together, readers can better understand the themes shaping State Street’s institutional services, ETF and fund servicing capabilities, asset management initiatives, and involvement in areas such as digital assets and sector-based investing.
State Street company, Charles River Development, announced a significant transition by Krungsri Asset Management to its cloud-based platform, Charles River Investment Management Solution. This transition enables Krungsri Asset to modernize operations, improving efficiency in portfolio management, trading, and compliance while managing costs effectively. With 540,691 million Baht in assets under management, Krungsri Asset enhances its capacity to support various asset classes including equities and derivatives. This partnership strengthens Charles River's presence in the Asia Pacific region, promoting advanced financial capabilities.
State Street Corporation (NYSE: STT) will announce its first-quarter 2023 financial results on April 17, 2023, at approximately 7:30 a.m. ET. A conference call to discuss these results will take place at 9:00 a.m. ET, accessible via audio webcast on their Investor Relations website or by telephone. State Street, a leading provider of financial services to institutional investors, reported $36.7 trillion in assets under custody and/or administration, and $3.5 trillion in assets under management as of December 31, 2022.
State Street Corporation (NYSE: STT) announced that Vice Chairman and CFO Eric Aboaf will speak at the RBC Capital Markets 2023 Global Financial Institutions Conference in location value="LU/us.ny.nyc"New York, NY on March 7, 2023 at 10:40 am ET. An audio webcast of the event will be available on the Investor Relations section of State Street's website, with a replay accessible for 90 days after the presentation. As of December 31, 2022, State Street manages $3.5 trillion in assets and has $36.7 trillion in assets under custody. The company operates in over 100 markets globally and employs approximately 42,000 people.
State Street Corporation (NYSE: STT) has declared a quarterly cash dividend of $0.63 per share of common stock. This dividend is payable on April 13, 2023, to shareholders recorded by the close of business on April 3, 2023. As of December 31, 2022, State Street managed $3.5 trillion in assets and had $36.7 trillion in assets under custody and administration, operating in over 100 markets globally with a workforce of approximately 42,000 employees.
State Street Corporation (NYSE: STT) has announced cash dividends for its non-cumulative perpetual preferred stock. For Series D, a cash dividend of $1,475.00 per share is set, amounting to approximately $0.3687 per depositary share, payable on March 15, 2023. Series F will see a cash dividend of $2,091.50, reflecting about $20.9150 per depositary share, also payable on March 15, 2023. Lastly, Series G has a dividend of $1,337.50 per share, amounting to approximately $0.3343 per depositary share, payable on the same date. The record date for all series is February 28, 2023.
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State Street Corporation (NYSE: STT) has successfully issued $1.25 billion in senior unsecured debt, closing yesterday. This issuance emphasizes the company's commitment to diversity and inclusion (IDE) in the financial services industry, with Black-owned firms playing a key role as bookrunners and co-managers. The offering was significantly oversubscribed, with a final order book 7.5 times the total amount. The debt issuance is part of State Street's ongoing strategy to support Black and Latinx-owned investment companies, contributing to greater equity in society. State Street manages approximately $3.5 trillion in assets as of December 31, 2022.
State Street Corporation (NYSE: STT) announced that its Vice Chairman and CFO, Eric Aboaf, will participate in Credit Suisse’s 24th Annual Financial Services Forum in Miami, Florida, on February 14, 2023, at 11:05 am ET. An audio webcast will be available on State Street’s Investor Relations website, with a recorded replay accessible for 90 days after the event. As of December 31, 2022, State Street manages $36.7 trillion in assets under custody and $3.5 trillion in assets under management, emphasizing its position as a leading financial services provider globally.
State Street Corporation (NYSE: STT) has selected Amazon Web Services (AWS) and expanded its relationship with Microsoft for cloud services as part of a multi-year technology transformation journey. This initiative will consolidate State Street's data centers into an optimized footprint, modernizing infrastructure with a hybrid cloud model. The shift aims to improve client experiences and streamline operations. State Street plans to transition its North American data centers to AWS while continuing operations during the transition. The transformation seeks to enhance resiliency and accelerate product innovation.