NYSE:STT

State Street Reports First-Quarter 2023 Financial Results

Retrieved on: 
Monday, April 17, 2023
Finance, Public Relations, Investor Relations, Banking, Communications, Professional Services, Telephone, NYSE, State, State Street Corporation, STT, News, Conference, Consumer electronics

State Street Corporation (NYSE: STT) reported its first-quarter 2023 financial results today.

Key Points: 
  • State Street Corporation (NYSE: STT) reported its first-quarter 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 9:00 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# 24159898).

State Street Further Expands Outsourced Trading Capabilities

Retrieved on: 
Wednesday, March 22, 2023
Asset Management, Professional Services, Finance, State, STT, State Street Corporation, Modularity, State Street, Acquisition, Survival, Growth, NYSE, Cryptocurrency, EU

Importantly, the combination of the two firms will allow State Street to offer a complete global trading solution as part of the firm’s State Street AlphaSM front-to back platform.

Key Points: 
  • Importantly, the combination of the two firms will allow State Street to offer a complete global trading solution as part of the firm’s State Street AlphaSM front-to back platform.
  • “With the addition of CF Global Trading, we add scale and significant expertise to our outsourced trading services that will complement and help further bolster our current offerings.”
    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.
  • State Street currently provides outsourced trading to clients in the Americas, APAC and Middle East, and CF Global Trading will extend the ability for the firm to provide these services to clients in the UK and the EU, where outsourced trading is maturing the fastest.
  • After closing, the new combined State Street footprint for outsourced trading will include trading desks in Boston, New York, Toronto, London, Lisbon, Hong Kong and Sydney.

Krungsri Asset Management Adopts Charles River’s Strategic Cloud Solution

Retrieved on: 
Tuesday, March 21, 2023
Finance, Data Analytics, Professional Services, Asset Management, Fintech, State Street

Charles River® Development , a State Street company, announced that Krungsri Asset Management Co Ltd. (Krungsri Asset), a leading Thai asset management firm and long-term client, has transitioned their front office operation to Charles River’s cloud-based platform.

Key Points: 
  • Charles River® Development , a State Street company, announced that Krungsri Asset Management Co Ltd. (Krungsri Asset), a leading Thai asset management firm and long-term client, has transitioned their front office operation to Charles River’s cloud-based platform.
  • Krungsri Asset uses the Charles River Investment Management Solution (Charles River IMS) for their mutual, private, provident, and property funds supporting equity, fixed income, and derivative asset classes.
  • “Transitioning to cloud delivery and services in Charles River IMS has enabled us to modernize our operating model and deliver the most up-to-date capabilities to our portfolio management, trading and compliance teams,” said Prasert Impornrugee, chief technology officer, Krungsri Asset.
  • “Our platform helps firms like Krungsri Asset achieve their goals by better controlling costs and leveraging the latest capabilities our platform provides at the scale they need.”

State Street Corporation Announces Date for Release of First-Quarter 2023 Financial Results and Conference Call Webcast

Retrieved on: 
Friday, March 3, 2023
Banking, Professional Services, Finance, Conference, State Street Corporation, State, Telephone, NYSE, STT, Webcast

State Street Corporation (NYSE: STT) plans to announce its first-quarter 2023 financial results on Monday, April 17, 2023 at approximately 7:30 a.m.

Key Points: 
  • State Street Corporation (NYSE: STT) plans to announce its first-quarter 2023 financial results on Monday, April 17, 2023 at approximately 7:30 a.m.
  • The results will be reviewed via webcast and teleconference at 9:00 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: 24159898).
  • Materials will be available on State Street’s Investor Relations website prior to the call.

State Street to Participate in RBC Capital Markets 2023 Global Financial Institutions Conference

Retrieved on: 
Tuesday, February 21, 2023
Professional Services, Communications, Finance, Asset Management, Banking, Public Relations, Investor Relations, NYSE, STT, State, Conference, State Street Corporation, RBC Capital Markets, Cryptocurrency, Mail order

State Street Corporation (NYSE: STT) announced today that its Vice Chairman and Chief Financial Officer, Eric Aboaf, will participate in RBC Capital Markets’ 2023 Global Financial Institutions Conference in New York, NY on Tuesday, March 7, 2023 at 10:40 am ET.

Key Points: 
  • State Street Corporation (NYSE: STT) announced today that its Vice Chairman and Chief Financial Officer, Eric Aboaf, will participate in RBC Capital Markets’ 2023 Global Financial Institutions Conference in New York, NY on Tuesday, March 7, 2023 at 10:40 am ET.
  • An audio webcast will be accessible on the home page of State Street’s Investor Relations website, 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 Declares Dividends on Its Non-Cumulative Perpetual Preferred Stock Series “D”, “F” and “G”

Retrieved on: 
Tuesday, February 14, 2023
Asset Management, Professional Services, Finance, State Street Corporation, STT, La règle de non-cumul, NYSE, Venture round, Chevrolet Series F, Security (finance), Series

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).
  • The cash dividend is in the amount of $1,475.00 per share of Series D preferred stock (resulting in a distribution of approximately $0.3687 per depositary share) and is payable on March 15, 2023 to the holders of record of the Series D preferred stock at the close of business on February 28, 2023.
  • Series F (represented by depositary shares, each representing a 1/100thinterest 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).

State Street Corporation Declares First-Quarter Dividend on its Common Stock

Retrieved on: 
Tuesday, February 14, 2023
Banking, Asset Management, Professional Services, Finance, State Street Corporation, NYSE, STT, Holding company, Security (finance)

State Street Corporation (NYSE: STT) today announced a quarterly cash dividend of $0.63 per share of common stock, payable on April 13, 2023 to common shareholders of record at the close of business on April 3, 2023.

Key Points: 

State Street Corporation (NYSE: STT) today announced a quarterly cash dividend of $0.63 per share of common stock, payable on April 13, 2023 to common shareholders of record at the close of business on April 3, 2023.

Despite Inflation Fears and Higher Interest Rates, State Street Survey Finds More Than Two Thirds of Institutional Investors Continue to Grow Private Markets Allocations

Retrieved on: 
Monday, February 6, 2023
Asset Management, Professional Services, Finance, State Street Corporation, Organization, Insurance, Investment, STT, NYSE, Market, Growth, Risk management, State Street, Data management, Fleming, Security (finance), Cryptocurrency

The survey finds that 68 percent of the respondents plan to continue their allocation to private markets in line with current targets, despite acknowledging that rising interest rates reduce the attractiveness of the highly leveraged asset class.

Key Points: 
  • The survey finds that 68 percent of the respondents plan to continue their allocation to private markets in line with current targets, despite acknowledging that rising interest rates reduce the attractiveness of the highly leveraged asset class.
  • Within private markets, private equity (PE) remains the most attractive asset class, with 63 percent of institutional investors anticipating making it their largest allocation in the next two to three years.
  • State Street's survey finds that more than half (53 percent) of institutions report spending considerable resources on manual processes and outdated systems.
  • A volatile economic backdrop also puts added emphasis on risk management," said Jesse Cole, global head of Private Markets at State Street.

State Street Global Advisors Survey: US Investors Remain Confident in Their Advisors' Ability to Navigate Market Volatility Despite Lingering Concerns About Investment Prospects for 2023

Retrieved on: 
Monday, February 6, 2023
Personal Finance, Asset Management, Professional Services, Finance, State Street Corporation, Loss, Adviser, Investment, State Street Global Advisors, Retirement, NYSE, Head, ETF, SPY, Risk, Practice management software, Knowledge, True Value, Perception, SPDR, COVID-19, Financial adviser, Cryptocurrency

The survey found even with volatility in the market, 57% of US investors plan to keep their money ‘as is’ and stick to their long-term strategy.

Key Points: 
  • The survey found even with volatility in the market, 57% of US investors plan to keep their money ‘as is’ and stick to their long-term strategy.
  • The survey found 71% of US investors are “optimistic” or “very optimistic” about their own financial future over the next 12 months.
  • For more on State Street Global Advisors’ point of view on how advisors can help clients remain confident during uncertain times, read Market Volatility: A Relationship-Building Opportunity for Financial Advisors .
  • Appreciating the True Value of Advice offers insights for individual investors on how to find the right financial advisor.

State Street Partners with Black-Owned Businesses to Underwrite $1.25 Billion of Senior Unsecured Debt

Retrieved on: 
Friday, January 27, 2023
Banking, Professional Services, DEI (Diversity, Equity and Inclusion), Finance, State Street Corporation, State, Address, Black History Month, Bookrunner, Goldman Sachs, STT, NYSE, Racism, Inequality, IDE, Black, BofA Securities, Partnership, State Street, Security (finance)

State Street Corporation (NYSE: STT) announced that it has issued an aggregate principal amount of $1.25 billion of senior unsecured debt.

Key Points: 
  • State Street Corporation (NYSE: STT) announced that it has issued an aggregate principal amount of $1.25 billion of senior unsecured debt.
  • All four firms are Black-owned investment firms and collectively, have underwritten one-third of the debt securities in the issuance.
  • The full underwriting syndicate also included Goldman Sachs & Co. LLC, BofA Securities, Inc., and Morgan Stanley & Co. LLC each acting as bookrunners.
  • “We are pleased to announce this deal, as we prepare to recognize and celebrate Black History Month beginning next week,” said Eric Aboaf, Vice Chair and Chief Financial Officer of State Street Corporation.