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 expanded its collaboration with the Los Angeles County Employees Retirement Association (LACERA). This agreement enhances State Street's offerings, providing LACERA with advanced performance and analytics solutions, along with alternative administration for its real estate assets. LACERA will now access State Street's multi-asset class portfolio management platform, designed to offer insights into performance, risk, and cash management. This strategic move aims to improve LACERA’s governance and efficiency in managing its total fund requirements.
State Street Corporation (NYSE: STT) has released its fourth-quarter and full-year financial results for 2020. The firm reported significant figures, managing $38.8 trillion in assets under custody and/or administration, and $3.5 trillion in assets under management as of December 31, 2020. A conference call to discuss these results and the company's outlook is scheduled for January 19, 2021, at 10:00 a.m. EST. This call will be accessible to the public via the Investor Relations website and by telephone.
State Street Corporation (NYSE:STT) announced the redemption of $500 million of its Series F Preferred Stock on March 15, 2021, for a cash redemption price of $100,000 per share, plus unpaid dividends. A cash dividend of $953.38 per share has been declared for the period leading up to the redemption date. Additionally, following the Federal Reserve's lifted moratorium on share repurchases, State Street plans to resume its common share repurchase program during Q1 2021, dependent on Board approval. The company's capital optimization strategies aim to benefit shareholders.
State Street Corporation (NYSE: STT) announced a quarterly cash dividend for its non-cumulative perpetual preferred stock series, payable on March 15, 2021. Series D will pay $1,475.00 per share (approximately $0.3687 per depositary share), Series F will pay $953.38 per share (approximately $9.5338 per depositary share), and Series G will pay $1,337.50 per share (approximately $0.3343 per depositary share). Record date for all series is March 1, 2021. This reflects State Street's commitment to providing returns to its shareholders.
State Street Corporation (NYSE: STT) has launched full foreign exchange (FX) trading capabilities through its Brazilian bank, expanding its footprint in Latin America. This strategic move follows the acquisition of Natixis Brasil S.A. in 2019 and represents a significant step in enhancing services for local and global clients. With 13 FX sales and trading desks globally, State Street now offers unparalleled access and insights into local markets. Additionally, Marcia Rothschild has been appointed to lead Latin American operations, focusing on client engagement. State Street has also received top rankings in FX services from Euromoney Magazine.
State Street Corporation (NYSE: STT) will announce its fourth-quarter and full-year 2020 financial results on January 19, 2021, at approximately 7:30 a.m. EST. The financial results will be discussed in a conference call at 10:00 a.m. EST, accessible via State Street's Investor Relations website or by telephone. State Street manages $3.1 trillion in assets and has $36.6 trillion in assets under custody as of September 30, 2020, employing around 39,000 people worldwide.
State Street Corporation (NYSE: STT) announced strong results from the 2020 Federal Reserve stress test, affirming its capital stability amidst the pandemic. The Federal Reserve has authorized State Street to resume capital actions, including share buybacks and dividend payments. The company aims to return excess capital to shareholders, reflecting confidence in its financial position and operational effectiveness. With $36.6 trillion in assets under custody and $3.1 trillion under management, State Street continues to support financial markets and its clients.
State Street Corporation (NYSE:STT) has declared a quarterly cash dividend of $0.52 per share of common stock. The dividend is scheduled for payment on January 19, 2021, to shareholders on record as of the close of business on January 4, 2021. As of September 30, 2020, State Street managed $3.1 trillion in assets and had $36.6 trillion in assets under custody and/or administration, solidifying its position as a leading provider of financial services to institutional investors globally.
State Street Corporation (NYSE: STT) has launched the State Street AlphaSM Data Platform, designed to provide institutional investment and wealth managers with an end-to-end data management solution. This platform allows clients to access investment data from both internal and third-party services in near real-time, enhancing data quality and reducing costs. Collaborating with Snowflake and Microsoft Azure, the platform aims to deliver timely insights while simplifying user experience, ultimately accelerating decision-making in investment processes.
State Street Corporation (NYSE: STT) has extended its investment servicing relationship with Glenmede Investment Management L.P. and the Glenmede Funds. This renewal includes global custody, accounting, fund administration, and transfer agency solutions. Glenmede will also utilize State Street’s outsourced non-US equity trading and middle office services. According to Ellyn Charters of State Street, this move supports client growth and operational efficiency. Glenmede’s President, Kent Weaver, noted that the extension enhances their service capability and aligns with their growth objectives.
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