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 (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.
State Street (NYSE: STT) has appointed Majed Al Hassoun as Country Head for Saudi Arabia and Bahrain to lead the firm's Investment Services and Global Advisors strategy in these markets. Based in Riyadh, Al Hassoun will serve as CEO of State Street Saudi Arabia Financial Solutions, pending regulatory approval. He will report to Oliver Berger, Head of Emerging Growth Markets, and Emmanuel Laurina, Head of Middle East, Africa and Official Institutions.
With two decades of financial services experience, Al Hassoun will be responsible for developing and executing an enterprise-wide approach to grow State Street's business in Saudi Arabia and Bahrain, while ensuring regulatory compliance. The appointment aims to strengthen State Street's presence in the Middle East during a significant growth phase for both its Investment Services and Global Advisors businesses.
State Street Global Advisors released research showing significant growth in model portfolio adoption, with advisors reporting an average of 39% of assets under management in model portfolios, up from 32% three years ago. The study reveals that 54% of advisors use custom models, while 45% source from broker-dealer platforms and 53% from third-party providers.
Key findings show that investors with assets in model portfolios report higher satisfaction rates with their advisors (95% vs 79%) and better understanding of financial goals (93% vs 79%). However, there's a notable perception gap in fee understanding, with 87% of advisors believing clients understand their fees, while only 58% of clients confirm this understanding. Despite growing adoption, investor awareness of model portfolios remains stagnant at 57%, unchanged since 2019.
State Street (NYSE: STT) announced that Harris | Oakmark has successfully implemented State Street Alpha®, their front-to-back asset servicing platform, ahead of schedule. The partnership, established in late 2023, focuses on providing middle office services to over 2,000 private wealth and retail SMA accounts.
Harris | Oakmark, managing approximately $104 billion in assets as of September 30, 2024, completed the first phase of migration focusing on transaction lifecycle management services in just ten months. The second and final phase is expected to complete in Q1 2026.
State Street Alpha provides a centralized operating model and technology platform for managing public and private assets, supported by its cloud-native Alpha Data Platform.