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, part of State Street (NYSE: STT), and Apollo Global Management (NYSE: APO) have announced a collaboration to expand investor access to private market opportunities. This partnership aims to democratize access to private assets, which have nearly tripled in the last decade. The initiative will focus on making private market investments more accessible through ETFs and other investment products advised by State Street Global Advisors.
Key points:
- Private assets are one of the fastest-growing sectors in finance
- The partnership combines strengths of two market leaders
- Goal is to increase accessibility to private markets for a wider range of investors
- Focus on private investment grade credit and other private fixed income and equity strategies
- Apollo reported over $145 billion of origination in the last twelve months as of June 30, 2024
State Street Global Advisors, part of State Street (NYSE: STT), has launched three new ETFs to expand investment options for clients:
1. SPDR SSGA US Equity Premium Income ETF (SPIN): An actively managed ETF designed to enhance income through a dynamic call writing program while maintaining potential for long-term capital growth. Priced at 25 basis points.
2. SPDR S&P Emerging Markets ex-China ETF (XCNY): Tracks a market cap-weighted index of emerging market companies, excluding China. Priced at 15 basis points, the lowest-cost fund in its category.
3. SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF (CERY): Seeks to track the Bloomberg Enhanced Roll Yield Total Return Index, offering broad commodities exposure with a focus on diversification and enhanced roll yields.
These new ETFs aim to help investors capture opportunities, manage risk, and customize their portfolios more effectively.
State Street (NYSE: STT) has been selected by Challenger , an Australian investment management firm, to provide custody and investment administration services for assets worth A$127 billion. This partnership involves State Street's Alpha® platform, integrating front-, middle-, and back-office operations. The deal covers Challenger's entire group, including Fidante, Challenger Investment Management, and Challenger Life.
As part of this agreement, approximately 100 Challenger employees will transfer to State Street in October. David Mackaway, current CEO of Artega, will also join State Street, bringing significant industry experience. This move strengthens State Street's position in the Australian market and enhances its capacity to serve complex client needs.
State Street (NYSE: STT) has announced that its Vice Chairman and CFO, Eric Aboaf, along with COO Mostapha Tahiri, will be presenting at the Barclays 22nd Annual Global Financial Services Conference in New York. The presentation is scheduled for Monday, September 9, 2024, at approximately 11:15 AM ET.
Investors and interested parties can access an audio webcast of the event through State Street's Investor Relations website. For those unable to attend live, a replay of the webcast will be available on the same website for about 90 days following the presentation, providing ample opportunity for review and analysis.
State Street (NYSE: STT) has announced the date for its third-quarter 2024 financial results release. The results will be made public on Tuesday, October 15, 2024, at approximately 7:30 a.m. ET. Following the release, a conference call to discuss the financial results is scheduled for 12:00 p.m. ET on the same day.
Investors and interested parties can access the call via an audio webcast on State Street's Investor Relations website or by telephone. For those unable to attend the live event, a replay will be available on the website and via telephone for approximately one month after the call.
State Street Global Advisors, the asset management arm of State Street (NYSE: STT), has announced a strategic investment in Raiz Invest (ASX: RZI), a leading Australian fintech platform. The investment involves acquiring approximately 5% of Raiz's share capital through a placement, deepening State Street's commitment to the Australian market.
This strategic relationship aims to combine State Street's brand and market knowledge with Raiz's mobile-first platform, which helps Australian retail investors with micro-investments in ETFs and model portfolios. Raiz customers will gain access to a broader array of financial literacy content and investment education tools leveraging State Street's international resources.
The partnership is expected to benefit Raiz's Australian customers, ranging from beginners to experienced investors, by providing enhanced educational tools and innovative savings and investment insights. State Street's SPDR® S&P/ASX 200 Fund (ASX: STW) is currently the largest single fund holding in Raiz's model investment portfolios.
State Street (NYSE: STT) has announced the issuance of $1 billion in senior debt, with a focus on inclusion and diversity in the financial services industry. The offering involved five broker-dealers owned by underrepresented groups, collectively underwriting 40% of the securities. This marks State Street's fourteenth consecutive offering structured to align with its inclusion, diversity, and equity strategy.
The underwriting syndicate included R. Seelaus & Co., as a joint book-running manager, along with CastleOak Securities, L.P., Drexel Hamilton, , Independence Point Securities , and Samuel A. Ramirez & Company, Inc. as co-managers. HSBC Securities (USA) Inc., BofA Securities, Inc., and Deutsche Bank Securities Inc. also acted as joint book-running managers.
State Street (NYSE: STT) has announced a strategic agreement with Taurus SA to enhance its digital asset capabilities for institutional investors. This collaboration will integrate tokenization and digital custody services into State Street's existing Fund Administration and Accounting capabilities for Digital Assets.
Subject to regulatory approvals, State Street will leverage Taurus' fully integrated custody, tokenization, and node-management solutions to automate the issuance and servicing of digital assets. The partnership aims to meet the growing institutional interest in digital assets by utilizing Taurus' products: Taurus-PROTECT, Taurus-CAPITAL, and Taurus-EXPLORER.
This agreement is part of State Street's ongoing commitment to establish itself as a leader in the digital asset space and enhance its State Street Digital Asset Solutions offering.
State Street (NYSE: STT) has appointed Joerg Ambrosius as the new President of Investment Services, the company's largest business unit. Ambrosius, with over 30 years of financial services experience, previously served as executive vice president and chief commercial officer. His expanded role, which began in October 2023, includes leadership of Investment Services' client-facing activities and international operations.
The appointment aims to strengthen execution, streamline decision-making, and enhance client service delivery. Mostapha Tahiri will continue as State Street's chief operating officer, focusing on global operations, technology, and transformation initiatives. Both Ambrosius and Tahiri will report directly to Ron O'Hanley, chairman and CEO of State Street.
State Street (NYSE:STT) has announced plans to redeem $500 million of its non-cumulative perpetual preferred stock, Series H, on September 16, 2024. This redemption covers all 5,000 outstanding shares, represented by 500,000 depositary shares. The redemption price is set at $100,000 per share (or $1,000 per depositary share), plus any declared but unpaid dividends up to the redemption date.
Additionally, a cash dividend of $2,036.16 per share ($20.361600 per depositary share) has been declared for the period from June 18, 2024, to the redemption date. This dividend will be paid separately to shareholders of record as of September 3, 2024. After the redemption, no Series H Preferred Stock shares will remain outstanding.
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