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 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.
State Street (NYSE:STT) has declared its latest dividend payments for both common and preferred stockholders. The company announced a quarterly cash dividend of $0.76 per share of common stock, payable on April 11, 2025, to shareholders of record as of April 1, 2025.
Additionally, the company declared dividends for three series of non-cumulative perpetual preferred stock:
- Series G: $1,337.50 per share ($0.334375 per depositary share)
- Series I: $1,675.00 per share ($16.750000 per depositary share)
- Series J: $1,675.00 per share ($16.750000 per depositary share)
All preferred stock dividends will be paid on March 18, 2025, to holders of record as of March 3, 2025.
State Street (NYSE: STT) has announced the issuance of $750 million of depositary shares, each representing a 1/100th ownership interest in its 6.450% Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock, Series K. The shares have a liquidation preference of $100,000 per share.
The issuance involved a diverse syndicate of underwriters, including minority and women-owned investment banks. Dividends will be paid quarterly starting June 15, 2025, with a fixed rate of 6.450% until September 15, 2030. After that, the rate will reset every five years based on the U.S. Treasury rate plus a 2.135% spread.
The company maintains redemption rights after September 15, 2030, subject to regulatory approval, or in case of a regulatory capital treatment event.
State Street (NYSE: STT) has announced that Chairman & CEO Ron O'Hanley will present at the UBS Financial Services Conference in Miami, FL. The presentation is scheduled for Tuesday, February 11, 2025, at 10:30 am ET.
An audio webcast of the event will be available on State Street's Investor Relations website. Investors and interested parties can access the live presentation through https://investors.statestreet.com/. A recorded replay will be accessible on the same website for approximately 90 days following the presentation.
State Street (NYSE: STT) has announced the appointment of Sarah Salih as executive vice president and head of North America for its Investment Services business. Based in Boston, Salih will report to Joerg Ambrosius, president of State Street Investment Services.
In her new role, Salih will be responsible for establishing a cohesive operating model to deliver consistent client experience in North America, developing client relationships, and aligning with sales efforts. She brings over three decades of industry experience, joining from HSBC Securities (USA) where she served as head of Regional Coverage, Americas. Previously, she held senior positions at Deutsche Bank Securities across banking and markets.
State Street (NYSE: STT) has announced a continuation of their Q&A session following a technical interruption during their fourth-quarter and full-year 2024 earnings call on January 17, 2025. The original conference call, which was scheduled to discuss financial results and outlook, experienced a vendor-related technology issue during the Q&A portion after the prepared remarks were completed.
The company will host the continuation of the Q&A session on Wednesday, January 22, 2025, at 12:00 p.m. EST. The session will be accessible to the public through State Street's Investor Relations website and via telephone. A replay will be available for approximately one month following the call on the company's Investor Relations website.
State Street (NYSE: STT) has announced it will host an additional Q&A session following a technical interruption during their fourth-quarter and full-year 2024 earnings call. The original conference call, scheduled for January 17, 2025, was disrupted during the Q&A portion due to vendor-related technical issues after the completion of prepared remarks.
The continuation of the Q&A session is scheduled for January 22, 2025, at 12:00 PM EST. Detailed call information and dial-in instructions will be made available on State Street's Investor Relations website prior to the call. The company's financial results, presentation, and additional information remain accessible through their investor relations platform.
State Street (NYSE: STT) announced the release of its fourth-quarter and full-year 2024 financial results. The company has made the financial information available through its Investor Relations website. A conference call is scheduled for 11:00 a.m. ET on Friday, January 17, 2025, to discuss the results, outlook, and related matters. The call will be accessible to the public via the company's website and telephone. A replay of the conference call will be available on the website and via telephone for approximately one month.
State Street (NYSE: STT) has declared a quarterly cash dividend of $0.76 per share of common stock. The dividend will be paid on January 13, 2025, to shareholders of record as of the close of business on January 2, 2025.
State Street (NYSE: STT) has completed its $100 million initiative launched in 2024 by placing additional deposits through three institutions: Liberty Bank, Native American Bank, and Sunrise Banks. This initiative aims to expand access to financial services through Minority Depository Institutions (MDIs) and Community Development Financial Institutions (CDFIs).
Liberty Bank, the largest Black-owned financial institution in the US, operates across 11 states with assets exceeding $1 billion. Native American Bank is the only national American Indian owned community development bank in the country. Sunrise Banks, certified as a CDFI, focuses on social responsibility and community impact in Minneapolis/St. Paul and Sioux Falls.
FAQ
What is the current stock price of State Str (STT)?
What is the market cap of State Str (STT)?
