NYSE:STT

State Street to Participate in the RBC Capital Markets 2024 Global Financial Institutions Conference

Retrieved on: 
Tuesday, February 20, 2024
Professional Services, Communications, Finance, Asset Management, Banking, Public Relations, Investor Relations, STT, State, State Street Corporation, RBC Capital Markets, Conference

State Street Corporation (NYSE: STT) announced today that its Vice Chairman and Chief Financial Officer, Eric Aboaf, will participate in the RBC Capital Markets 2024 Global Financial Institutions Conference in New York, NY on Tuesday, March 5, 2024, at 9:20 am ET.

Key Points: 
  • State Street Corporation (NYSE: STT) announced today that its Vice Chairman and Chief Financial Officer, Eric Aboaf, will participate in the RBC Capital Markets 2024 Global Financial Institutions Conference in New York, NY on Tuesday, March 5, 2024, at 9:20 am ET.
  • An audio webcast of the event will be accessible on the home page of State Street’s Investor Relations website, https://investors.statestreet.com .
  • A recorded replay will be available on the Investor Relations website later that day, for approximately ninety days following the presentation.

State Street Corporation (NYSE: STT) Declares First Quarter Dividend on Its Common Stock

Retrieved on: 
Thursday, February 15, 2024
Professional Services, Communications, Finance, Asset Management, Banking, Public Relations, Investor Relations, State Street Corporation, STT

State Street Corporation (NYSE: STT) today announced a quarterly cash dividend of $0.69 per share of common stock, payable on April 11, 2024 to common shareholders of record at the close of business on April 1, 2024.

Key Points: 

State Street Corporation (NYSE: STT) today announced a quarterly cash dividend of $0.69 per share of common stock, payable on April 11, 2024 to common shareholders of record at the close of business on April 1, 2024.

State Street Corporation to Redeem $1.0B of Preferred Stock in the First Quarter of 2024

Retrieved on: 
Thursday, February 8, 2024
Finance, Public Relations, Investor Relations, Banking, Communications, Professional Services, STT, Venture round, State Street Corporation, Security (finance)

State Street Corporation (NYSE:STT) today announced that it will redeem $750 million, or all of its 7,500 outstanding shares, of non-cumulative perpetual preferred stock, Series D (“Series D Preferred Stock”) (represented by 30,000,000 depositary shares, each representing a 1/4000th interest in a share of Series D Preferred Stock) on March 15, 2024 (the “Redemption Date”), for cash at a redemption price of $100,000 per share (equivalent to $25 per depositary share) plus all dividends that have been declared but not paid up to but not including the Redemption Date (the “Series D Redemption Price”).

Key Points: 
  • State Street Corporation (NYSE:STT) today announced that it will redeem $750 million, or all of its 7,500 outstanding shares, of non-cumulative perpetual preferred stock, Series D (“Series D Preferred Stock”) (represented by 30,000,000 depositary shares, each representing a 1/4000th interest in a share of Series D Preferred Stock) on March 15, 2024 (the “Redemption Date”), for cash at a redemption price of $100,000 per share (equivalent to $25 per depositary share) plus all dividends that have been declared but not paid up to but not including the Redemption Date (the “Series D Redemption Price”).
  • Additionally, State Street Corporation will redeem $250 million, or all of the remaining 2,500 outstanding shares, of non-cumulative perpetual preferred stock, Series F (“Series F Preferred Stock”) (represented by 250,000 depositary shares, each representing a 1/100th interest in a share of Series F Preferred Stock) on the Redemption Date, for cash at a redemption price of $100,000 per share (equivalent to $1,000 per depositary share) plus all dividends that have been declared but not paid up to but not including the Redemption Date (the “Series F Redemption Price”).
  • The March Dividends will be paid separately to the holders of record of the Series D Preferred Stock and the Series F Preferred Stock as of February 29, 2024 in the customary manner on the Redemption Date.
  • From and after the Redemption Date, no shares of Series D Preferred Stock and no shares of Series F Preferred Stock will be deemed outstanding and the only remaining rights of the holders of the Series D Preferred Stock and the Series F Preferred Stock will be to receive payment of the Series D Redemption Price or Series F Redemption Price, as applicable.

State Street Expands Fund Connect ETF APIs to Provide Global Coverage

Retrieved on: 
Thursday, February 8, 2024
Asset Management, Professional Services, Finance, Growth, OMS, State Street Corporation, API, APS, ETF, Automation, STT, State, State Street, Security (finance)

Fund Connect ETF is a global online portal that facilitates the creation and redemption of ETFs, designed as a single point of access to many issuers.

Key Points: 
  • Fund Connect ETF is a global online portal that facilitates the creation and redemption of ETFs, designed as a single point of access to many issuers.
  • “The global API connectivity is the next logical step in the continued digitization of our ETF servicing business,” said Frank Koudelka, global head of ETF Product at State Street.
  • “Close to 100 authorized participants are communicating their create / redeem orders globally on behalf of our ETF clients to State Street via Fund Connect.
  • his further demonstrates the innovations that State Street has brought to the marketplace as the largest global ETF service provider.”
    Fund Connect ETF is an integral part of State Street Global Markets’ suite of award-winning electronic trading platforms.

State Street Completes Acquisition of CF Global Trading

Retrieved on: 
Thursday, February 1, 2024
Finance, Banking, Outsourcing Business, Professional Services, Asset Management, State Street Corporation, STT, Acquisition, State Street, Organization

State Street Corporation (NYSE: STT) announced today that it has completed its acquisition of CF Global Trading, a global firm specializing in outsourced trading on an agency basis for a variety of asset classes including equities, listed derivatives and fixed income.

Key Points: 
  • State Street Corporation (NYSE: STT) announced today that it has completed its acquisition of CF Global Trading, a global firm specializing in outsourced trading on an agency basis for a variety of asset classes including equities, listed derivatives and fixed income.
  • “The addition of CF Global Trading brings industry-leading expertise that strengthens our current outsourced trading services.
  • We welcome the CF Global team to State Street and look forward to the team complementing and enhancing our outsourced trading solutions globally.”
    State Street has provided clients with outsourced trading solutions since 2010, and has invested in technology and people to provide a leading agency, multi asset class outsourced trading solution.
  • Additionally, the closing of the deal will allow State Street to offer a complete global trading solution as part of the firm’s State Street Alpha® front-to back platform.

State Street Corporation Announces Issuance of Preferred Stock

Retrieved on: 
Wednesday, January 31, 2024
Banking, Professional Services, Finance, Goldman Sachs, BofA Securities, State, STT, State Street Corporation, State Street, Security (finance)

State Street Corporation (“State Street”) (NYSE: STT) announced today that it has issued $1.5 billion of depositary shares, each representing a 1/100th ownership interest in a share of its 6.700% Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock, Series I (the “Series I Preferred Stock”), without par value per share, with a liquidation preference of $100,000 per share.

Key Points: 
  • State Street Corporation (“State Street”) (NYSE: STT) announced today that it has issued $1.5 billion of depositary shares, each representing a 1/100th ownership interest in a share of its 6.700% Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock, Series I (the “Series I Preferred Stock”), without par value per share, with a liquidation preference of $100,000 per share.
  • The underwriting syndicate also included BofA Securities, Inc., Deutsche Bank Securities Inc. and Goldman Sachs & Co. LLC, each acting as joint book-running managers.
  • Dividend payments on the Series I Preferred Stock will only be payable when, as and if declared by State Street’s board of directors, or any duly authorized committee of its board of directors.
  • State Street may redeem the Series I Preferred Stock (i) in whole or in part on any dividend payment date on or after March 15, 2029, subject to regulatory approval, and (ii) in whole but not in part within 90 days following the occurrence of a regulatory capital treatment event.

State Street to Participate in the UBS Financial Services Conference

Retrieved on: 
Tuesday, January 30, 2024
Finance, Public Relations, Investor Relations, Banking, Communications, Professional Services, State, STT, State Street Corporation, Conference

State Street Corporation (NYSE: STT) announced today that its Chairman & Chief Executive Officer, Ron O’Hanley, and Vice Chairman & Chief Financial Officer, Eric Aboaf, will participate in the UBS Financial Services Conference in Key Biscayne, Florida on Tuesday, February 27, 2024, at 11:20 am ET.

Key Points: 
  • State Street Corporation (NYSE: STT) announced today that its Chairman & Chief Executive Officer, Ron O’Hanley, and Vice Chairman & Chief Financial Officer, Eric Aboaf, will participate in the UBS Financial Services Conference in Key Biscayne, Florida on Tuesday, February 27, 2024, at 11:20 am ET.
  • An audio webcast of the event and any materials will be accessible on the home page of State Street’s Investor Relations website, https://investors.statestreet.com .
  • A recorded replay will be available on the Investor Relations website later that day, for approximately ninety days following the presentation.

State Street Corporation (NYSE: STT) Reports Fourth-Quarter and Full-Year 2023 Financial Results

Retrieved on: 
Friday, January 19, 2024
Professional Services, Communications, Finance, Asset Management, Banking, Public Relations, Investor Relations, State Street Corporation, Telephone, State, Conference, News, STT, Consumer electronics

State Street Corporation (NYSE: STT) reported its fourth-quarter and full-year 2023 financial results today.

Key Points: 
  • State Street Corporation (NYSE: STT) reported its fourth-quarter and full-year 2023 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.
  • The conference call will be accessible via audio webcast on State Street’s Investor Relations website, http://investors.statestreet.com , and by telephone at (+1) 888 886 7786 (Conference ID# 39118546).

State Street Corporation Declares Dividends on its Non-Cumulative Perpetual Preferred Stock Series “D,” “F,” “G” and “H”

Retrieved on: 
Thursday, January 18, 2024
Asset Management, Professional Services, Finance, State Street Corporation, STT, Venture round, Security (finance)

State Street Corporation (NYSE:STT) today announced a cash dividend on each of the below outstanding series of non-cumulative perpetual preferred stock:

Key Points: 
  • State Street Corporation (NYSE:STT) today announced a cash dividend on each of the below outstanding series of non-cumulative perpetual preferred stock:
    Series D (represented by depositary shares, each representing a 1/4000th interest in a share of Series D preferred stock).
  • Series F (represented by depositary shares, each representing a 1/100th interest in a share of Series F preferred stock).
  • Series G (represented by depositary shares, each representing a 1/4000th interest in a share of Series G preferred stock).
  • Series H (represented by depositary shares, each representing a 1/100th interest in a share of Series H preferred stock).

Mark Shelton Appointed General Counsel for State Street Corporation

Retrieved on: 
Thursday, January 4, 2024
Asset Management, Legal, Professional Services, Finance, Gibson Dunn, State, Private law, Retirement, ESG, STT, State Street, Private practice, Privacy, State Street Corporation, General counsel, UBS, Orientation, Public sector

State Street Corporation (NYSE: STT) today announced that it has appointed Mark Shelton to executive vice president and general counsel.

Key Points: 
  • State Street Corporation (NYSE: STT) today announced that it has appointed Mark Shelton to executive vice president and general counsel.
  • Shelton, who will report to Ron O’Hanley, chairman and chief executive officer of State Street Corporation, succeeds David Phelan who announced his retirement last year.
  • Shelton joins State Street from Barclays International where he was general counsel overseeing legal services related to client transactions and trading as well as cross-border regulatory compliance, data security, privacy, and ESG strategy.
  • Prior to Barclays, he was the Americas general counsel and global head of investigations at UBS.