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) 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.
State Street (NYSE: STT) has scheduled the release of its fourth-quarter and full-year 2024 financial results for Friday, January 17, 2025, at approximately 7:30 a.m. ET. The company will host a conference call at 11:00 a.m. ET to discuss the results.
The financial results review will be accessible through an audio webcast on State Street's Investor Relations website and via telephone. Conference materials will be available on the website before the call. A replay option will be available for approximately one month through both the website and telephone access.
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.