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State Street Corp (STT)

101.47
-0.76 (-0.74%)

State Street Corporation is a financial services and banking holding company that primarily serves institutional investors

The company offers a comprehensive range of services, including investment management, investment research and trading, and administrative services for mutual funds and other investment vehicles. With a strong focus on asset servicing and custody, State Street assists its clients in managing and optimizing their investment portfolios, while also providing tools and analytics to enhance their decision-making processes. The firm is known for its expertise in creating tailored solutions for a diverse clientele, including pension funds, endowments, foundations, and sovereign wealth funds, helping them meet their financial and investment goals.

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Sarah Salih Joins State Street as Head of North America Investment Services Business
State Street Corporation (NYSESTT) today announced the appointment of Sarah Salih to executive vice president and head of North America for its Investment Services business. Salih is based in Boston and reports to Joerg Ambrosius, president of State Street Investment Services.
By State Street Corporation · Via Business Wire · January 23, 2025
State Street Corporation (NYSE: STT) Additional Q&A for 4Q and Full-Year Earnings Results
State Street Corporation (NYSESTT) reported its fourth-quarter and full-year 2024 financial results last Friday, January 17, 2025. The news release, presentation and additional financial information can be accessed on State Street’s Investor Relations website, http://investors.statestreet.com.
By State Street Corporation · Via Business Wire · January 21, 2025
State Street Corporation (NYSE: STT) to Host Additional Q&A for 4Q and Full-Year Earnings Results
State Street Corporation (NYSESTT) reported its fourth-quarter and full-year 2024 financial results earlier today. The news release, presentation and additional financial information can be accessed on State Street’s Investor Relations website, http://investors.statestreet.com.
By State Street Corporation · Via Business Wire · January 17, 2025
State Street Corporation (NYSE: STT) Reports Fourth-Quarter and Full-Year 2024 Financial Results
State Street Corporation (NYSESTT) reported its fourth-quarter and full-year 2024 financial results today. The news release, presentation and additional financial information can be accessed on State Street’s Investor Relations website, http://investors.statestreet.com. A conference call to discuss the firm’s financial results, outlook and related matters will be held at 11:00 a.m. ET today, Friday, January 17, 2025. The call will be open to the public.
By State Street Corporation · Via Business Wire · January 17, 2025
State Street Corporation Declares Common Stock Dividend
State Street Corporation (NYSESTT) today announced a quarterly cash dividend of $0.76 per share of common stock, payable on January 13, 2025 to common shareholders of record at the close of business on January 2, 2025.
By State Street Corporation · Via Business Wire · December 19, 2024
State Street Announces Three Additional Bank Partnerships to Support Minority Depository Institutions and Community Development Financial Institutions
State Street Corporation (NYSESTT) today announced that it has placed an additional round of deposits through three Minority Depository Institutions (MDIs) and Community Development Financial Institutions (CDFIs), Liberty Bank, Native American Bank and Sunrise Banks. These placements also mark the completion of the firm’s $100 million initiative that launched earlier in 2024 and designed to expand access to financial services through MDIs and CDFIs.
By State Street Corporation · Via Business Wire · December 19, 2024
State Street Global Advisors Study Finds Assets in Model Portfolios Rising as Advisors Focus on Efficiency, Holistic Planning and Client Satisfaction
State Street Global Advisors, the asset management business of State Street Corporation (NYSESTT) today released the results of its Model Portfolios: Adaptive Solutions for Advisory Growth research, in which advisors report having an average of 39% of current assets under management in model portfolios - up from 32% three years ago.
By State Street Corporation · Via Business Wire · December 11, 2024
State Street Announces Partnership with Harris | Oakmark for State Street Alpha®
State Street Corporation (NYSESTT) announced today that Harris | Oakmark has gone live with State Street Alpha®, the firm’s front-to-back asset servicing platform for institutional investment managers, following the selection of State Street to be their strategic operating partner less than a year ago. Harris | Oakmark, a Chicago-based investment management firm with approximately $104 billion of assets under management as of September 30, 2024, serves as the adviser to the Oakmark Funds, a mutual fund family that utilizes a long-term value investment approach.
By State Street Corporation · Via Business Wire · December 10, 2024
State Street Corporation (NYSE: STT) Announces Date for Release of Fourth-Quarter and Full-Year 2024 Financial Results and Conference Call Webcast
State Street Corporation (NYSESTT) plans to announce its fourth-quarter and full-year 2024 financial results on Friday, January 17, 2025 at approximately 7:30 a.m. ET. A conference call to review the firm’s financial results will be held at 11:00 a.m. ET.
By State Street Corporation · Via Business Wire · December 6, 2024
State Street Global Advisors’ 2025 Global Market Outlook: Finding the Right Path
State Street Global Advisors, the asset management business of State Street Corporation (NYSESTT), today launched its 2025 Global Market Outlook: Finding the Right Path, outlining its macroeconomic outlook and key investment themes for the year ahead.
By State Street Corporation · Via Business Wire · December 4, 2024
State Street to Speak at the Goldman Sachs 2024 U.S. Financial Services Conference
State Street Corporation (NYSESTT) announced today that its Chairman & Chief Executive Officer, Ron O’Hanley, and its Vice Chairman & Chief Financial Officer, Eric Aboaf, will present at the Goldman Sachs U.S. Financial Services Conference in New York, NY on Tuesday, December 10, 2024 at approximately 3:40 pm ET.
By State Street Corporation · Via Business Wire · November 29, 2024
State Street Announces Issuance of $2.25 Billion of Senior Debt
State Street Corporation (“State Street”) (NYSESTT) announced today an issuance of $2.25 billion in aggregate principal amount of senior debt by its principal banking subsidiary, State Street Bank and Trust Company. The offering, which closed today, was structured in keeping with State Street’s ongoing inclusion, diversity, and equity efforts, with Academy Securities, Inc. (“Academy Securities”) acting as a joint book-running manager and AmeriVet Securities, Inc., CastleOak Securities L.P., Loop Capital Markets LLC, and Samuel A. Ramirez & Company, Inc. each acting as co-managers. All five broker-dealers are owned by underrepresented groups and, collectively, have underwritten 40% of the securities in the issuance. The underwriting syndicate also included Morgan Stanley & Co. LLC, Deutsche Bank Securities Inc., and Goldman Sachs & Co. LLC, each acting as joint book-running managers.
By State Street Corporation · Via Business Wire · November 25, 2024
State Street Global Advisors Forms Strategic Relationship With Bridgewater Associates
State Street Global Advisors, the asset management business of State Street Corporation (NYSESTT), announced today that it is joining forces with Bridgewater Associates, LP, one of the world’s preeminent asset managers, seeking to widen access to core alternative investment strategies.
By State Street Corporation · Via Business Wire · November 19, 2024
SPDR® Gold Shares (GLD®) Celebrates 20 Years as State Street Global Advisors Survey Indicates Investors Have Increased Allocations to Gold Amid Economic Uncertainty
State Street Global Advisors, the asset management business of State Street Corporation (NYSESTT), and the World Gold Council, the market development organization for the gold industry, celebrate the 20th anniversary of SPDR Gold Shares (GLD). Since its launch on November 18, 2004, GLD has redefined how investors access gold, providing a relatively liquid, transparent, and cost-efficient means of exposure to physical gold. Today, GLD remains the largest gold ETF in the world with over $78.3 billion in assets under management.1
By State Street Corporation · Via Business Wire · November 18, 2024
State Street Names Patricia Halliday to Board of Directors
State Street Corporation (NYSESTT) today announced the election of Patricia Halliday to its Board of Directors.
By State Street Corporation · Via Business Wire · November 13, 2024
State Street Corporation Declares Dividends on its Non-Cumulative Perpetual Preferred Stock Series “G,” “I,” and “J”
State Street Corporation (NYSESTT) today announced a cash dividend on each of the below outstanding series of non-cumulative perpetual preferred stock:
By State Street Corporation · Via Business Wire · November 8, 2024
State Street Global Advisors Invites All Investors to Help Us Attempt to Set a GUINNESS WORLD RECORDS™ Title in Times Square and Celebrate Our Commitment to Helping Investors Reach Their Financial Goals
State Street Global Advisors, the asset management business of State Street Corporation (NYSESTT) invites all investors to Times Square, the crossroads of the world, on Tuesday, October 29 for a record setting bell ringing and immersive Times Square takeover experience.
By State Street Corporation · Via Business Wire · October 28, 2024
State Street Announces Issuance of $2.3 Billion of Senior Debt
State Street Corporation (“State Street”) (NYSESTT) announced today an issuance of $2.3 billion in aggregate principal amount of senior debt. The offering, which closed today, was structured in keeping with State Street’s ongoing inclusion, diversity, and equity efforts, with Siebert Williams Shank & Co., LLC acting as a joint book-running manager, and CAVU Securities LLC, C.L. King & Associates, Inc., Penserra Securities LLC and Roberts & Ryan, Inc., each acting as co-managers. All five broker-dealers are owned by underrepresented groups and, collectively, have underwritten 40% of the securities in the issuance. The underwriting syndicate also included Morgan Stanley & Co. LLC, BMO Capital Markets Corp. and Citigroup Global Markets Inc., each acting as joint book-running managers.
By State Street Corporation · Via Business Wire · October 22, 2024
State Street Corporation (NYSE: STT) Reports Third-Quarter 2024 Financial Results
State Street Corporation (NYSESTT) reported its third-quarter 2024 financial results today. The news release, presentation and additional financial information can be accessed on State Street’s Investor Relations website, http://investors.statestreet.com. A conference call to discuss the firm’s financial results, outlook and related matters will be held at 12:00 p.m. ET today, Tuesday, October 15, 2024. The call will be open to the public.
By State Street Corporation · Via Business Wire · October 15, 2024
State Street CFO to Depart for New Position Following Transition Period
State Street Corporation (NYSESTT) today announced that Eric Aboaf, vice chairman and chief financial officer (CFO), has made the decision to accept a new opportunity outside of banking and is expected to leave State Street in February of 2025. State Street has commenced its succession plan with a formal internal and external search process and Aboaf will stay on and work closely with the State Street team into February to ensure an orderly transition.
By State Street Corporation · Via Business Wire · October 15, 2024
State Street Expands Strategic Growth in Mexico as Part of Latin America Commitment
State Street Corporation (NYSESTT) announced today its continued strategic expansion into Mexico, marking a significant milestone in its broader growth strategy for Latin America. The firm has appointed Maria Ximena Vasquez Barbosa as Regional Sales Head Latin America & Caribbean to lead the company’s efforts in this key market. Maria Ximena will be based in Mexico City and report to Oliver Berger, executive vice president and head of Emerging Growth Markets for State Street.
By State Street Corporation · Via Business Wire · October 10, 2024
Operadora de Fondos Banorte Adopts Charles River’s Cloud-Based Platform
Charles River Development, a State Street Company, announced today that Operadora de Fondos Banorte, SA de CV, SOFI, Grupo Financiero Banorte ("BANORTE"), one of Mexico’s largest mutual fund companies, is now live on Charles River’s cloud-based Investment Management Solution (IMS). Banorte utilizes Charles River IMS to modernize their front, middle and back-office operations and to streamline the management of their domestic and international equity, fixed income, and multi-asset portfolios.
By Charles River Development · Via Business Wire · October 8, 2024
State Street Appointed by TCW to Provide Investment Services
State Street Corporation (NYSESTT) and TCW announced today an expansion of their decades-long partnership that now includes the provision of middle office services. This engagement builds on and grows the existing suite of services that State Street continues to provide TCW, including administrative and custody services to support TCW’s public and private fund complexes and capital for TCW’s alternatives platform. TCW will leverage State Street’s technical expertise and Alpha services to create seamless integration with its front-end platform to unify the investment management process.
By State Street Corporation · Via Business Wire · October 2, 2024
State Street Extends ETF Servicing Relationship with VanEck
State Street Corporation (NYSESTT) today announced an extension of its exchange traded fund (ETF) and mutual fund servicing relationship with VanEck, a leading global asset management firm. The new, extended agreement includes comprehensive support for VanEck’s expanding range of ETF funds, and reflects State Street’s commitment to providing innovative solutions and enhanced services to meet the dynamic demands of the global ETF marketplace.
By State Street Corporation · Via Business Wire · October 1, 2024
State Street Appoints Vanessa Fernandes as Head of Digital Assets
State Street Corporation (NYSESTT) today announced the appointment of Vanessa Fernandes as head of Digital Asset Solutions. Fernandes, who will be based in New Jersey, will report directly to Donna Milrod, chief product officer at State Street.
By State Street Corporation · Via Business Wire · September 30, 2024