State Str Corp Stock Price, News & Analysis

State Street (NYSE: STT) has scheduled the release of its first-quarter 2025 financial results for Thursday, April 17, 2025, at approximately 7:30 a.m. ET. The company will host a conference call to discuss the results at 11:00 a.m. ET on the same day.

Investors and interested parties can access the conference call through an audio webcast on State Street's Investor Relations website or by telephone. The dial-in number is (+1) 805 309 0220 with Participant Passcode: 5051317#. Related materials will be available on the website before the call, and a replay will be accessible for approximately one month afterward.

State Street Global Advisors has launched the SPDR® Bridgewater® All Weather® ETF (ALLW), an actively managed global multi-asset allocation ETF, in partnership with Bridgewater Associates. The ETF implements Bridgewater's 'All Weather approach' to portfolio management, which aims to generate consistent returns across different economic environments.

The fund leverages Bridgewater's macro understanding and portfolio construction expertise across diverse global assets. ALLW invests based on a daily model portfolio provided by Bridgewater, focusing on how different asset classes react to shifts in growth and inflation. The ETF can invest across various global asset classes, including domestic and international equities, nominal and inflation-linked bonds, and commodity exposures.

This launch addresses the common issue of undiversified portfolios, where equities typically drive over 90% of the traditional 60/40 portfolio's risk. The partnership aims to broaden access to Bridgewater's investment expertise, traditionally available only to large institutional investors.

State Street (NYSE: STT) has successfully onboarded River Global to its newly launched transfer agency service in the UK, supported by ZILO™, a FinTech company specializing in global asset and wealth management software.

State Street participated in ZILO's Series A funding round in January 2024, focusing on modernizing digital solutions for improved cost effectiveness and operational efficiency in investment management. The partnership leverages ZILO's cloud-based and AI-enabled technology to reduce friction in the distribution process and enhance digital-first user experience.

For River Global, this consolidation of service provision has resulted in simplified proposition and cost savings for their clients. State Street currently maintains a leading position in key cross-border distribution hubs, offering institutional transfer agency services across 14 markets.

State Street Global Advisors (NYSE: STT) announced the expansion of its IncomeWise™ Target Retirement Strategies to the Voya Financial recordkeeping platform. The ABA Retirement Funds Program will be the first adopter on this platform, with Mercer Trust Company serving as the investment fiduciary.

IncomeWise combines traditional index-based target-date funds with optional income features, including deferred annuity payments and automatic monthly withdrawals. The solution, which has over $20 billion in committed assets, will be available through Voya as the second recordkeeper after Fidelity Investments.

This expansion aligns with State Street's strategy to provide flexible retirement solutions, helping participants build confidence in their financial futures through a simple two-step election process for activating income across their target-date fund balance.

State Street (NYSE: STT) has announced an agreement to acquire Mizuho Financial Group's global custody and related businesses outside of Japan. The acquisition includes Mizuho's operations through Mizuho Trust & Banking (Luxembourg) and Mizuho Bank (USA), representing combined assets under custody of approximately $580 billion and $24 billion in assets under administration.

The transaction, expected to complete by Q4 2025, will allow Mizuho to focus on providing trust and custody services for domestic assets while collaborating with State Street for global services. State Street, with 35 years of experience in Japan and Luxembourg, will leverage its global platform to serve Mizuho's clients, offering services including data management, risk and performance analytics, currency management, and securities finance.

State Street Global Advisors (NYSE: STT) has launched the SPDR® SSGA Apollo IG Public & Private Credit ETF (PRIV), an actively managed ETF providing access to investment-grade private credit markets. The fund focuses on maximizing risk-adjusted returns and current income through investment-grade debt securities, combining public and private credit including asset-based finance and corporate lending.

The ETF, managed by State Street's Active Fixed Income Team, utilizes Apollo Global Securities for private credit instruments sourcing. The fund employs a risk-aware, macroeconomic approach with bottom-up security selection to construct its portfolio. Apollo reported over $220 billion of origination in 2024, with an estimated potential addressable market for private credit of $40 trillion.

State Street (NYSE: STT) has announced that two key executives will participate in the upcoming RBC Global Financial Institutions Conference in New York. Yie-Hsin Hung, President & Chief Executive Officer of State Street Global Advisors, and Mark Keating, interim Chief Financial Officer, will deliver a presentation on Wednesday, March 5, 2025, at 3:20pm ET.

The presentation will be accessible through an audio webcast on State Street's Investor Relations website. Interested parties can access the webcast and presentation materials through https://investors.statestreet.com/. A replay of the presentation will remain available on the website for approximately 90 days following the event.

State Street (NYSE: STT) and SS&C Technologies (Nasdaq: SSNC) announced plans to restructure their International Financial Data Services (IFDS) joint venture in Luxembourg and Ireland after nearly 20 years of collaboration. Under this restructuring, transfer agency services currently provided by IFDS in these locations will transition to each company's respective operations.

State Street will insource transfer agency capabilities for its clients, while SS&C will rebrand the existing transfer agency entities in Ireland and Luxembourg as a wholly-owned business within its Global Investor & Distributions Solutions division. The restructuring is expected to be completed in the second part of 2025, subject to approvals and conditions.

Both companies emphasized that this decision aims to simplify their operating models and improve the transfer agency experience for clients. They committed to maintaining service quality, retaining transfer agency employees, and minimizing disruptions during the transition. The restructuring does not affect IFDS Canada, which will continue serving the North American market.

State Street and SS&C Technologies (Nasdaq: SSNC) announced a restructuring of their European International Financial Data Services (IFDS) joint venture in Luxembourg and Ireland. After nearly 20 years of collaboration, the transfer agency services provided by IFDS in these regions will be integrated into each company's operations.

State Street will insource transfer agency services for its clients, while SS&C will rebrand and operate the existing transfer agency entities in Ireland and Luxembourg as a wholly-owned SS&C business within its Global Investor & Distribution Solutions division. The restructuring is expected to be completed in the second half of 2025, pending customary approvals and conditions.

According to Donna Milrod, Chief Product Officer of State Street, the move aims to simplify operations and enhance the transfer agency experience for clients. Nick Wright, Global Head of SS&C GIDS, emphasized their commitment to providing excellent global transfer agency technology and solutions. The restructuring will utilize current teams and technology to minimize disruptions for clients and employees. This decision does not affect IFDS Canada.