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 provides financial services to institutional investors, with recurring updates tied to investment servicing, investment management, investment research and trading. Company news commonly covers earnings releases, client servicing mandates, ETF and mutual fund operating support, custody and fund administration capabilities, and product activity within State Street Investment Management.
Recent developments also include digital-asset and tokenized fund initiatives, such as the State Street Galaxy Onchain Liquidity Sweep Fund, along with active ETF launches and expanded support for ETF share-class structures. Governance updates, including board appointments, appear alongside operating and capital-markets news.
State Street Corporation (NYSE: STT) has announced the appointment of Yie-Hsin Hung as the new president and CEO of State Street Global Advisors, effective December 2022. This follows the planned retirement of Cyrus Taraporevala. Hung brings extensive experience from her previous role at New York Life Investment Management, where she significantly increased assets under management. She aims to drive growth at Global Advisors while focusing on innovation and a culture of inclusion.
State Street Corporation (NYSE: STT) has committed to the Management Leadership for Tomorrow (MLT) Hispanic Equity at Work Certification, a pioneering initiative to enhance Hispanic equity in the workplace and society. This certification outlines measurable standards in areas like Hispanic representation, compensation equity, and anti-racist practices. The initiative aligns with State Street's ongoing efforts to address racial inequities as outlined in their 10 Actions to Address Racism and Inequality program, aimed at significantly increasing Black and Latinx representation in leadership roles.
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State Street Corporation (NYSE: STT) is set to announce its third-quarter 2022 financial results on October 18, 2022, at 7:30 a.m. ET. A review will follow in a conference call at 11:00 a.m. ET, accessible via webcast on the Investor Relations website. The firm has $38.2 trillion in assets under custody and/or administration and $3.5 trillion in assets under management as of June 30, 2022.
State Street Corporation (NYSE: STT) announced that President Lou Maiuri and CFO Eric Aboaf will speak at the Barclays Global Financial Services Conference in location value="LU/us.ny.nyc"New York on September 12, 2022, at 9:00 am ET. A webcast will be available at investors.statestreet.com. The recorded session will be accessible for two weeks post-event. With $38.2 trillion in assets under custody and $3.5 trillion in assets under management as of June 30, 2022, State Street continues its global presence across 100 markets.
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State Street Corporation (NYSE: STT) announced the issuance of $750 million in fixed-to-floating rate senior notes due 2033, marking its third such offering this year. The underwriting syndicate featured 33% participation from Latinx-owned broker-dealers, emphasizing State Street's commitment to inclusion, diversity, and equity in finance. The offering was oversubscribed by 4.3 times, demonstrating strong demand. This initiative aligns with the company's Environmental, Social, and Governance strategies, particularly in increasing Latinx representation within the industry.
Arcesium, a financial technology firm, has partnered with State Street Fund Connect to enhance cash management solutions for institutional investors. This alliance aims to deliver a consolidated view of cash portfolios and provide access to multiple markets. By integrating Arcesium's Treasury Suite with Fund Connect's capabilities, clients can manage payments and cash within a unified ecosystem, thereby improving capital efficiency and reducing operational overhead. The partnership will also facilitate access to major money market funds, enhancing liquidity management for clients.
State Street Corporation (NYSE: STT) has declared a quarterly cash dividend of $0.63 per share, payable on October 13, 2022. Shareholders of record as of October 3, 2022 will receive this dividend. As of June 30, 2022, State Street manages $3.5 trillion in assets and oversees $38.2 trillion in assets under custody. The company operates in over 100 markets globally and employs approximately 40,000 people.
State Street Corporation (NYSE: STT) has announced a quarterly cash dividend on its non-cumulative perpetual preferred stock series. The dividends are as follows:
- Series D: $1,475.00 per share ($0.3687 per depositary share), payable on September 15, 2022, to holders of record by August 31, 2022.
- Series F: $1,386.61 per share ($13.8661 per depositary share), payable on September 15, 2022.
- Series G: $1,337.50 per share ($0.3343 per depositary share), payable on September 15, 2022.