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) announced that its Chairman and CEO, Ron O’Hanley, along with CFO Eric Aboaf, will participate in the Goldman Sachs 2021 US Financial Services Conference on December 8, 2021, at 10:40 am ET. The webcast and related materials will be available on the Investor Relations page, with a recorded replay accessible later for two weeks. State Street is a leading provider of financial services to institutional investors, managing $3.9 trillion in assets as of September 30, 2021.
Charles River Development, part of State Street, has integrated MTS BondsPro, an SEC-registered Alternative Trading System, into its Order and Execution Management System (OEMS) and Inventory Hub. This integration allows users access to streaming liquidity on corporate bonds with over 180,000 prices across 20,000 securities. Traders can act as price makers in fixed income markets, enhancing liquidity access. MTS connects over 500 firms globally, facilitating average daily volumes exceeding €130 billion.
Charles River Development (CRD), a State Street Company, appointed Caroline O'Shaughnessy as Head of EMEA, overseeing all business operations in the region and collaborating with State Street Alpha℠. With over 25 years in high-revenue businesses, O'Shaughnessy joins from the London Stock Exchange Group, where she held senior roles. The leadership change aims to leverage her experience to drive growth and enhance customer partnerships, contributing to the ongoing expansion of CRD's services that manage over US$35 trillion in assets.
State Street Corporation (NYSE: STT) has appointed Brad Hu as its new chief risk officer, effective January 1, 2022. Hu will transition from his previous role at Citigroup, where he notably reduced the firm's risk profile during challenging times. His extensive experience spans over three decades in financial services, including significant roles at Morgan Stanley. Hu's leadership is expected to enhance State Street's risk management capabilities amidst the evolving global risk landscape.
State Street Corporation (NYSE:STT) announced that CFO Eric Aboaf will participate in the BancAnalysts Association of Boston Conference on November 4, 2021, at 2:40 PM ET. The event's webcast will be available on State Street's Investor Relations page, with a recorded replay accessible for two weeks post-event. State Street is a global leader in financial services for institutional investors, managing $3.9 trillion in assets as of September 30, 2021, and overseeing $43.3 trillion in assets under custody.
State Street Corporation (NYSE:STT) announced a cash dividend for its non-cumulative perpetual preferred stock series, payable on December 15, 2021. The dividends are as follows: Series D will receive $1,475.00 per share ($0.3687 per depositary share), Series F will get $938.56 per share ($9.3856 per depositary share), Series G is set to receive $1,337.50 per share ($0.3343 per depositary share), and Series H will obtain $2,812.50 per share ($28.1250 per depositary share). Record date for all series is November 30, 2021.
State Street Corporation (NYSE:STT) has announced the launch of its Peer-to-Peer Repo program, facilitating overnight and term repo trading between buy-side counterparties. The first transaction was executed between a large asset owner and a non-traditional investment manager. This initiative enhances liquidity access while providing a guaranty against counterparty default. The program aims to meet the high demand for secured investment opportunities highlighted by volatility in 2020, with over $1 trillion in the Federal Reserve's Reverse Repo Program. State Street manages $3.9 trillion in assets as of September 30, 2021.
State Street Corporation (NYSE: STT) reported its third-quarter 2021 financial results. As of September 30, 2021, the firm managed $3.9 trillion in assets and administered $43.3 trillion in assets. A conference call is scheduled for October 18, 2021 at 10:00 a.m. ET to discuss results and outlook. The call will be accessible publicly via the Investor Relations website. For more details, please visit State Street's Investor Relations.
State Street Corporation (NYSE: STT) has announced its partnership with the Digital Securities Depository Corporation (DSDC) to provide custody services. DSDC aims to enhance cross-border securities settlement for digital depositary receipts (DDRs), starting with UK’s FTSE 350 equities. State Street will offer various services including safekeeping and transaction settlement for non-US listed securities. This collaboration supports State Street's digital finance strategy, as it continues to build out its capabilities in crypto and distributed market infrastructure.
State Street Corporation (NYSE: STT) has expanded its Direct Access Lending product to include Convertible Bond Arbitrage Strategies, allowing borrowers to use US convertible bonds as collateral. This peer-to-peer securities finance product has seen substantial growth since its launch in Q4 2019, adding new clients and increasing on-loan balances. The enhancements aim to attract both existing and prospective clients, supporting operational efficiencies without raising operational risk.