State Str Corp Stock Price, News & Analysis

Paxos has partnered with State Street to enhance the efficiency of securities settlements through the Paxos Settlement Service. The collaboration aims to achieve same-day (T+0) settlements, addressing existing market inefficiencies. State Street's integration with Paxos facilitates cost-effective settlement processes, offering immediate T+0 capabilities compared to the legacy infrastructure, which aims for T+1 by 2024. This partnership showcases the potential of blockchain technology to streamline financial operations and reduce costs for institutional investors.

State Street Corporation (NYSE:STT) has announced the complimentary release of the PriceStats Global Food Inflation series to assist policymakers addressing rising food prices linked to the Ukraine war. This series builds on their previously provided indicators to central banks, monitoring retail pricing trends across 22 nations. Current data indicates a 12% annualized food inflation rate for 2022, surpassing historical highs. As of March 31, 2022, State Street manages $4.0 trillion in assets, with $41.7 trillion in custody across 100 markets globally.

State Street Corporation (NYSE: STT) announced the successful issuance of $500 million in senior unsecured debt, reinforcing its commitment to diversity and inclusion in finance. The offering, which closed recently, involved a syndicate of five women-owned broker-dealers, underlining the firm's focus on empowering minority-owned businesses. This marks State Street's fourth similar issuance in less than a year, with the notes priced at the tight end of the initial price talk and an order book that was nearly eight times oversubscribed.

State Street Corporation (NYSE: STT) announced that its Chairman & CEO, Ron O’Hanley, and Vice Chairman & CFO, Eric Aboaf, will participate in Autonomous Bernstein’s 38th Annual Strategic Decisions Conference on June 1, 2022, at 3:30 pm ET in New York. An audio webcast will be available on State Street’s Investor Relations website, with a recorded replay accessible later. As of March 31, 2022, State Street manages $4.0 trillion in assets and has $41.7 trillion in assets under custody globally, employing approximately 39,000 people.

State Street Global Advisors has launched the SPDR MarketAxess Investment Grade 400 Corporate Bond ETF (LQIG), marking its first fixed income ETF focused on liquidity. This ETF aims to provide investors with credit exposure to U.S. investment-grade corporate bonds featuring higher liquidity, tighter bid-ask spreads, and lower premiums. It tracks the MarketAxess U.S. Investment Grade 400 Corporate Bond Index, which consists of 400 bonds with above-average liquidity. The launch seeks to enhance transparency and tradability in the traditionally illiquid fixed income market.

Charles River Development, a State Street Company, has been selected by Futuregrowth Asset Management to implement their Charles River Investment Management Solution (IMS) as the new front office investment system. This platform enhances risk and portfolio management, facilitates trading, and supports efficient collaboration. Futuregrowth, managing around R193 billion (approximately US$12 billion) in assets, aims to uphold ethical investment practices while streamlining operations. Charles River's established presence in South Africa underscores their commitment to operational efficiency and support for innovative investment strategies.

State Street Corporation (NYSE: STT) announced significant senior management changes, appointing Lou Maiuri as President and head of Investment Services, while Eric Aboaf becomes Vice Chairman. These appointments aim to enhance business alignment and drive revenue growth. Maiuri will oversee all aspects of Investment Services, while Aboaf will manage Global Markets, enhancing balance sheet optimization. These changes are expected to strengthen leadership accountability and support the company’s financial targets, while also addressing client needs.

State Street Corporation (NYSE: STT) has launched two new ETFs: SPDR MSCI USA Climate Paris Aligned ETF (NZUS) and SPDR MSCI ACWI Climate Paris Aligned ETF (NZAC), aimed at investors looking to decarbonize their portfolios. These funds will track the MSCI USA and MSCI ACWI Climate Paris Aligned Indexes, focusing on reducing climate risks. The University of California's investment arm has committed early-stage investment in these funds as part of its drive towards carbon neutrality by 2025. Notably, the total expense ratio for NZAC has decreased from 20 to 12 basis points.

State Street Corporation (NYSE: STT) announced cash dividends for its preferred stock series, payable on June 15, 2022. Series D will receive $1,475.00 per share ($0.3687 per depositary share), Series F will get $1,130.32 per share ($11.3032 per depositary share), Series G will receive $1,337.50 per share ($0.3343 per depositary share), and Series H will get $2,812.50 per share ($28.1250 per depositary share). The record date for all series is May 31, 2022. State Street manages approximately $4.0 trillion in assets as of March 31, 2022.