State Str Corp Stock Price, News & Analysis

State Street's Charles River Development has launched Tailored Portfolio Solutions, aimed at offering customized portfolios for wealth and asset managers. This solution, integrating the Axioma Portfolio Optimizer from Qontigo, addresses demand for personalized investment options that consider individual tax circumstances, risk appetites, and personal ESG values. It enhances operational efficiency while allowing firms to deliver high-value products to clients. The service enables retail investors to access tailored portfolios effectively, reflecting their unique financial profiles.

State Street Corporation (NYSE: STT) has appointed Katie Richards as Global Head of Operations and Marcus Grubb as Global Head of Product Strategy within its digital division, State Street Digital. Both executives bring extensive experience in the digital asset and crypto sectors. Derren Selvarajah also joins as Product PMO lead. These appointments aim to enhance State Street's capabilities in digital custody solutions and meet growing market demands.

State Street Corporation (NYSE: STT) has announced a strategic partnership with Copper.co to develop a digital custody offering for institutional investors, pending regulatory approval. This initiative aims to enhance State Street's capabilities in managing digital assets, leveraging Copper.co's technology to facilitate secure storage and trading across over 450 crypto-assets. With $42.6 trillion in assets under custody, State Street emphasizes its role in supporting clients' transition into the digital economy, highlighting a growing interest in cryptocurrencies among institutional investors.

State Street Corporation (NYSE: STT) announced that CFO Eric Aboaf will participate virtually in RBC Capital Markets' Global Financial Institutions Conference on March 9, 2022, at 11:20 am ET. An audio webcast and presentation materials will be available on the company's Investor Relations website, with a recorded replay accessible for 90 days after the event. State Street, a leading provider of financial services to institutional investors, manages approximately $4.1 trillion in assets as of December 31, 2021.

State Street Corporation (NYSE: STT) announced a quarterly cash dividend of $0.57 per share, payable on April 11, 2022. Shareholders on record as of April 1, 2022 will receive this dividend. As of December 31, 2021, State Street managed approximately $4.1 trillion in assets and had $43.7 trillion in assets under custody. The company operates globally, providing financial services to institutional investors across more than 100 markets.

State Street Corporation (NYSE: STT) has declared a quarterly cash dividend on its non-cumulative perpetual preferred stock, totaling $1,475.00 for Series D, $949.94 for Series F, and $1,337.50 for Series G. Payment is set for March 15, 2022, to shareholders on record as of February 28, 2022. State Street manages $4.1 trillion in assets and oversees $43.7 trillion in assets under custody, strengthening its position as a leading financial services provider.

State Street Global Advisors has launched the SPDR Blackstone High Income ETF (HYBL), designed for risk-adjusted total return and high current income by investing in high yield corporate bonds, senior loans, and CLOs. Blackstone sub-advises the fund, utilizing active management techniques aimed at outperforming a composite benchmark of 50% high yield bonds and 50% senior loans. The fund aims to tap into the rising demand for income-generating investments amidst increasing interest from investors.

Charles River Development, a State Street Company, has partnered with Precisely to enhance the State Street Alpha℠ Data Platform with Data360 Govern. This collaboration aims to improve data governance and management for investment firms, enabling faster risk and investment insights. With the integration of this technology, State Street Alpha is positioned as a unique front-to-back platform in the industry, offering simplified data access and management. The partnership highlights the ongoing challenges investment managers face with growing data volumes and emphasizes the importance of data integrity in decision-making.