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 (STT), a global provider of financial services to institutional investors, maintains this dedicated news hub for stakeholders seeking authoritative updates. Our curated collection combines official press releases with market-relevant analysis, offering comprehensive tracking of corporate developments.
This resource delivers immediate access to earnings announcements, strategic partnerships, and regulatory filings, alongside expert commentary on market implications. Users benefit from centralized monitoring of investment servicing innovations, asset management trends, and global financial operations updates.
The archive organizes content into key categories including quarterly financial disclosures, leadership changes, risk management initiatives, and technology implementations. Each entry maintains factual accuracy while providing context for institutional investors and financial professionals.
Bookmark this page for efficient tracking of State Street's evolving position in global financial markets. Regular updates ensure continuous access to material developments affecting one of the world's largest custody banks and asset managers.
State Street Global Advisors has released its 2025 Global Market Outlook, projecting continued rate cuts and macroeconomic resilience. The firm expects a US soft landing scenario to materialize, following strong equity market returns and modest fixed income performance in 2024.
The outlook anticipates ongoing rate cuts in 2025, though the Trump-led Republican victory could affect the narrative. The firm maintains a favorable outlook for fixed income, expecting slowing economic output and controlled inflation to enable further central bank policy rate cuts.
For equities, the US market shows strong earnings support, while international markets present a mixed picture. Japanese equities are expected to move sideways, and Chinese equities may face challenges despite stimulus measures. The report also highlights the emerging significance of the Gulf Cooperation Council (GCC) region as an investment destination.
State Street (NYSE: STT) announced that Chairman & CEO Ron O'Hanley and Vice Chairman & CFO Eric Aboaf will present at the Goldman Sachs U.S. Financial Services Conference in New York. The presentation is scheduled for December 10, 2024, at approximately 3:40 pm ET.
An audio webcast will be available on State Street's Investor Relations website, with a recorded replay accessible for about ninety days after the presentation.
State Street (NYSE: STT) has announced a $2.25 billion senior debt issuance through its principal banking subsidiary, State Street Bank and Trust Company. The offering was structured to support inclusion and diversity initiatives, with 40% of the securities being underwritten by five broker-dealers owned by underrepresented groups. These include Academy Securities as joint book-running manager, along with AmeriVet Securities, CastleOak Securities, Loop Capital Markets, and Samuel A. Ramirez & Company as co-managers. Morgan Stanley, Deutsche Bank Securities, and Goldman Sachs also participated as joint book-running managers.
State Street Global Advisors (NYSE: STT) has announced a strategic partnership with Bridgewater Associates to expand access to alternative investment strategies. The collaboration combines State Street's ETF expertise since 1993 with Bridgewater's 40-year portfolio construction experience.
The partnership aims to bring institutional-grade investment solutions to retail investors, focusing on portfolio resilience and diversification. According to State Street's ETF Impact Report, 45% of institutional investors globally plan to increase alternative investment allocations in the next 12 months, while 41% of US financial advisors plan to recommend increased allocations.
SPDR Gold Shares (GLD) celebrates its 20th anniversary as the world's largest gold ETF with over $78.3 billion in assets. A new survey by State Street Global Advisors reveals significant growth in gold investment, with 38% of U.S. investors now holding gold, up from 20% in 2023.
The 2024 Gold ETF Impact Study shows that 84% of gold ETF investors report improved portfolio performance. Investors view gold as a safe haven during market volatility (57%) and an inflation hedge (51%). Millennials lead adoption with 61% holding gold, compared to 35% of Gen X and 20% of Baby Boomers. Among financial advisors, 70% recommend gold ETFs to clients.
State Street (NYSE:STT) has elected Patricia Halliday to its Board of Directors. Halliday, 58, brings over three decades of financial services experience across investment, corporate, and retail banking in the UK, Europe, and US markets. Her expertise includes significant risk management experience, having served as chief risk officer at Santander UK and GE Capital International. At Santander, she led enterprise risk operations and at GE Capital, she managed over 1,000 employees while implementing enhanced enterprise-wide risk frameworks. Her previous roles included senior credit risk positions at Deutsche Bank and Barclays Capital.
State Street (NYSE: STT) has declared cash dividends on three series of non-cumulative perpetual preferred stock. Series G will pay $1,337.50 per share ($0.334375 per depositary share), Series I will distribute $1,675.00 per share ($16.750000 per depositary share), and Series J will pay $2,642.78 per share ($26.427800 per depositary share). All dividends are payable on December 16, 2024, to stockholders of record as of December 2, 2024. The Series J dividend covers the period from July 24, 2024, to December 15, 2024.
State Street Global Advisors (NYSE: STT) is organizing a historic event in Times Square on October 29, 2024, aiming to set a GUINNESS WORLD RECORDS title for the most people ringing a bell in one hour. The event, scheduled from 3:00 PM to 4:45 PM ET, coincides with the Nasdaq closing bell ceremony and includes an immersive Times Square takeover experience.
This initiative celebrates the firm's legacy as the pioneer of the first US-listed ETF three decades ago and demonstrates their commitment to helping investors achieve their financial goals. The event is open to all investors, symbolizing the company's dedication to creating better outcomes for global investors.
S&P Global (NYSE: SPGI) has announced the appointment of Eric Aboaf as its new Chief Financial Officer, effective February 2025. Aboaf will oversee all aspects of the company's Finance function and report to Martina L. Cheung, S&P Global's incoming President and CEO. Aboaf joins from State Street (NYSE: STT), where he served as CFO for nearly eight years and Vice Chairman since 2022.
Aboaf brings extensive experience in financial services, having held CFO roles in multiple publicly traded companies. His background includes positions at Citizens Financial Group and Citigroup, as well as a partnership at Bain & Company. The appointment is part of S&P Global's leadership transition, with Cheung assuming her role as President and CEO on November 1, 2024.
State Street (NYSE: STT) has released its third-quarter 2024 financial results. The company has made available a news release, presentation, and additional financial information on its Investor Relations website. A conference call to discuss the financial results, outlook, and related matters is scheduled for 12:00 p.m. ET on Tuesday, October 15, 2024. The call is open to the public and can be accessed via the company's Investor Relations website or by phone at (+1) 800 717 1738 (Conference ID #26547). A replay of the call will be available on the website and by phone at (+1) 888 660 6264 (Playback Passcode: 26547#) for approximately one month following the conference.
FAQ
What is the current stock price of State Str (STT)?
What is the market cap of State Str (STT)?
