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 Corporation (NYSE: STT) has launched a new Peer-to-Peer Repo program aimed at the buy-side market, enhancing financing costs and yield opportunities across various collateral types. This program guarantees payment obligations for cash borrowers, promoting safer bilateral trading. Designed in collaboration with clients, it engages diverse participants like pension plans and hedge funds, aligning with evolving market needs. State Street intends to broaden the program's capabilities with increased asset and collateral flexibility, solidifying its status as a leader in financial services for institutions.
State Street Corporation (NYSE: STT) has been appointed as the fund administrator and transfer agent for the VanEck Bitcoin Trust, a pending bitcoin ETF in the U.S. The Trust aims to reflect the performance of the MVIS® CryptoCompare Bitcoin Benchmark Rate. With a vision to enhance financial and digital asset markets, State Street will provide various services including ETF basket operations and fund accounting. State Street remains a leader in ETF servicing, managing close to 70% of U.S. ETF assets.
State Street Corporation (NYSE: STT) announced its first trade with ICE Clear U.S. as a sponsored member counterparty. This partnership marks a significant expansion in client service capabilities, highlighting State Street's role in offering short-term investment solutions. The firm is now serving 145 clients across 12 jurisdictions, including major regions like the U.S. and Europe. Gino Timperio emphasized the effort to provide more clients with access to centrally cleared repo solutions. ICE Clear U.S. praised State Street's leadership and commitment, enhancing the safety of trading while meeting regulatory needs.
State Street Corporation (NYSE: STT) announced that its Chief Financial Officer, Eric Aboaf, will speak at the RBC Capital Markets Global Financial Institutions Conference on March 9, 2021, at 2:00 PM EST. Investors can access the live webcast on State Street’s Investor Relations homepage, with a replay available for two weeks after the event. As of December 31, 2020, State Street manages $3.5 trillion in assets and oversees $38.8 trillion in assets under custody, serving institutional investors globally.
State Street Corporation (NYSE: STT) declared a quarterly cash dividend of $0.52 per share, set to be paid on April 12, 2021, to shareholders recorded by the close of business on April 1, 2021. As a leading financial services provider to institutional investors, State Street has $38.8 trillion in assets under custody and/or administration and $3.5 trillion in assets under management as of December 31, 2020. The corporation operates globally in over 100 markets and employs around 39,000 individuals.
State Street Corporation (NYSE:STT) has appointed Theresa McLaughlin as its new global chief marketing officer. McLaughlin brings over 18 years of experience in the financial services sector, previously serving as the chief marketing officer at TD Bank Financial Group. Her expertise in brand building is expected to enhance State Street's global reach and impact, particularly at this crucial time for clients. McLaughlin will report to Julia McCarthy, the global head of client experience.
Charles River Development, a State Street company, has been selected by Retail Employees Superannuation Trust (Rest), one of Australia's largest super funds, to implement its cloud-based Charles River Investment Management Solution (IMS). This partnership aims to consolidate Rest's front and middle office operations, enhancing asset allocation management across various assets. The solution will automate processes to improve efficiency and transparency, supporting Rest's investment needs and long-term returns for its 1.8 million members.
State Street Corporation (NYSE: STT) announced that Chief Financial Officer Eric Aboaf will speak at the Credit Suisse Virtual Financial Services Forum on February 24, 2021, at 12:10 PM EST. The event will be available via webcast on State Street’s Investor Relations page, with a recorded replay accessible later that day for approximately two weeks.
State Street is a leading provider of financial services to institutional investors, managing $3.5 trillion in assets and overseeing $38.8 trillion in assets under custody as of December 31, 2020. For more details, visit www.statestreet.com.
State Street Global Advisors has launched the SPDR Nuveen Municipal Bond ETF (MBND), an actively managed ETF aimed at optimizing tax-exempt income through identified undervalued municipal bonds. In collaboration with Nuveen, the ETF seeks to balance current income with capital appreciation using a value-oriented strategy. The fund targets a weighted average duration of 4.5 to 7 years and aims for above-average returns while maintaining a gross expense ratio of 0.40%. This initiative reflects an effort to offer investors yield opportunities in a low-interest environment.
State Street Global Advisors has announced the closure and liquidation of several SPDR ETFs after a review of their offerings. The affected ETFs include the SPDR Solactive Canada ETF (ZCAN), SPDR Solactive Germany ETF (ZDEU), SPDR Solactive United Kingdom ETF (ZGBR), and others. The last day for creations and redemptions will be March 17, 2021, with trading suspended on March 18. Shareholders can expect to receive liquidation proceeds around March 24, 2021. This decision aims to streamline their ETF offerings and enhance overall portfolio management.
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