Articles from State Street Corporation

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.

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.

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.

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.

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.

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.

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.

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.

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.

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

State Street Corporation (NYSESTT) today announced the election of Patricia Halliday to its Board of Directors.

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

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.

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.

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.

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.

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.

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.

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.

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.

State Street Global Advisors, the asset management business of State Street Corporation (NYSESTT) today announced the introduction of its SPDR® SSGA MyIncome ETFs – the first actively managed corporate and municipal target maturity bond ETFs in the U.S. market. This suite of 14 actively managed target maturity ETFs with different maturity years ranging from 2026 to 2034, seeks to provide investors with the ability to build their own custom bond ladder portfolios to manage their respective cash flow, interest rate risk, and liquidity needs.

State Street Corporation (NYSESTT) today announced that it has placed an additional round of deposits through two minority depository institutions (MDIs) and Community Development Financial Institutions (CDFIs), Massachusetts-based Leader Bank and Oklahoma-based Local Bank. These placements are the latest installment of the firm’s $100 million program that launched earlier this year to facilitate low-cost, stable deposit funding to the communities it serves, and 75% of the funds have been placed.

State Street Global Advisors, the asset management business of State Street Corporation (NYSESTT) today announced the introduction of three actively managed digital asset and disruptive technology focused ETFs sub-advised by Galaxy Asset Management, an affiliate of Galaxy Digital Holdings Ltd. (TSX: GLXY) and one of the world’s largest investment managers of digital assets and blockchain exposures.

State Street Global Advisors, the asset management business of State Street Corporation (NYSESTT), announced today that it is working with Apollo Global Management, Inc. NYSE: APONYSEAPO)

State Street Global Advisors, the asset management business of State Street Corporation (NYSESTT), today announced the launch of three new ETFs: the SPDR® SSGA US Equity Premium Income ETF (SPIN), the SPDR® S&P® Emerging Markets ex-China ETF (XCNY), and the SPDR® Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF (CERY). The funds are designed to help investors capture opportunities and manage risk.

State Street Corporation (NYSESTT) today announced that it has been selected by Challenger Limited, a publicly listed Australian investment management firm, to provide custody and, through State Street Alpha®, back-, middle- and front office investment administration services, for a suite of listed and unlisted investment vehicles with A$127 billion1 in assets under management.

State Street Corporation (NYSESTT) announced today that its Vice Chairman and Chief Financial Officer, Eric Aboaf, and Chief Operating Officer, Mostapha Tahiri, will present at the Barclays 22nd Annual Global Financial Services Conference in New York, NY on Monday, September 9, 2024 at approximately 11:15 AM ET.

State Street Corporation (NYSESTT) plans to announce its third-quarter 2024 financial results on Tuesday, October 15, 2024 at approximately 7:30 a.m. ET. A conference call to review the firm’s financial results will be held at 12:00 p.m. ET.

State Street Global Advisors, Inc, the asset management business of State Street Corporation (NYSESTT), today announced a strategic investment in Raiz Invest Limited (ASX: RZI), a leading Australian fintech platform that helps customers grow their wealth by helping them to save and invest. The parties have entered into an equity investment agreement (the “Initial Share Purchase”) as part of a strategic relationship pursuant to which State Street Global Advisors will acquire approximately 5 percent of Raiz’s share capital through a placement.

State Street Corporation (“State Street”) (NYSESTT) announced today an issuance of $1 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 R. Seelaus & Co., LLC acting as a joint book-running manager, and CastleOak Securities, L.P., Drexel Hamilton, LLC, Independence Point Securities 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 HSBC Securities (USA) Inc., BofA Securities, Inc. and Deutsche Bank Securities Inc. each acting as joint book-running managers.

State Street Corporation (NYSESTT) and Taurus SA (“Taurus”), a global leader in digital asset infrastructure, today announced a strategic agreement that will deliver trusted and reliable digital assets capabilities for State Street Bank and Trust Company clients. The agreement will further enhance State Street Digital Asset Solutions, which seeks to provide an integrated business and operating model that supports the digital investment lifecycle.

State Street Corporation (NYSESTT) announced today that Joerg Ambrosius, executive vice president and chief commercial officer, has been appointed president of Investment Services, State Street’s largest business.

State Street Corporation (NYSESTT) today announced that it will redeem $500 million, or all, of its 5,000 outstanding shares, of non-cumulative perpetual preferred stock, Series H (“Series H Preferred Stock”) (represented by 500,000 depositary shares, each representing a 1/100th interest in a share of Series H Preferred Stock) on September 16, 2024 (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 H Redemption Price”).

State Street Corporation (“State Street”) (NYSESTT) announced today that it has issued $850 million 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 J (the “Series J Preferred Stock”), with a liquidation preference of $100,000 per share.

State Street Global Advisors, the asset management business of State Street Corporation (NYSESTT) today released the results of its 2024 ETF Impact Survey, which reveals more than two thirds of financial advisors (70%) “always” or “often” recommend ETFs to their clients and a similar percentage of institutional investors (67%) use ETFs in investment strategies. While less than half of all individual investors (45%) currently have ETFs in their portfolio —adoption by individuals is up from 40% in 2022 and appears poised for additional growth with more education. The survey was first conducted in 2022 and is designed to understand a wide range of investor attitudes and perceptions about ETFs, the market and the economy.

State Street Corporation (NYSESTT) today announced a quarterly cash dividend of $0.76 per share of common stock, payable on October 11, 2024 to common shareholders of record at the close of business on October 1, 2024. The dividend represents a 10% per share increase from the second quarter 2024 dividend of $0.69 per share.

State Street Corporation (NYSESTT) reported its second-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 11:00 a.m. ET today, Tuesday, July 16, 2024. The call will be open to the public.

State Street (NYSESTT) today announced that it has been selected to provide fund accounting, fund administration and investor servicing for Galapagos Global Capital Management, the U.S. based hedge fund manager of Brazilian-founded Investment Company Galapagos Capital. State Street will provide this range of services to its hedge funds Galápagos Macro Master LP. and Galápagos Macro Cayman Ltd.

State Street Corporation (NYSESTT) today announced its intention to increase its per share common stock dividend by 10% to $0.76 in the third quarter of 2024, subject to consideration and approval by its Board of Directors. State Street continues to be authorized to repurchase common shares under its existing share repurchase program previously approved by its Board of Directors.

State Street Global Advisors, the asset management business of State Street Corporation (NYSESTT), and Galaxy Asset Management1, an affiliate of Galaxy Digital Holdings Ltd. (TSX: GLXY) and one of the world’s largest digital assets and blockchain investment managers, today announced they are collaborating to bring investors the next generation of digital asset based strategies that will offer exposure to companies involved in the digital asset space, going beyond cryptocurrencies and bitcoin.

State Street Global Advisors, the asset management business of State Street Corporation (NYSESTT) and the World Gold Council, today released the results of its Gold Perceptions Survey, which is designed to better understand how current market conditions are impacting perceptions of gold across investor cohorts. According to the research, 29% of financial advisors in North America plan to increase allocations to gold over the next 12 to 18 months, 62% report their allocations to gold are expected to remain the same and 9% believe they will decrease the percentage of client assets invested in gold.

State Street Corporation (NYSESTT) today announced that it has made deposits with three mission-driven minority depository institutions (MDIs) including Carver State Bank, Citizens Trust Bank and Ponce Bank.

State Street Global Advisors, the asset management business of State Street Corporation (NYSESTT), released the results of its 2024 Influential Investor Segment Study, a comprehensive analysis of four investor groups demonstrating significant and enduring growth. This study aims to equip advisors with invaluable insights into the evolving needs and preferences of these high-potential segments, empowering them to position their practices for long-term success.

State Street Corporation (NYSESTT) plans to announce its second-quarter 2024 financial results on Tuesday, July 16, 2024 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.

State Street Corporation (NYSESTT) today released important findings from the firm’s most recent research survey that can be found in a new report, The Outsourced Trading Advantage: Evidence from Early Adopters. The report explores the perceptions and the benefits of outsourced trading, including the experience with outsourced trading providers and future plans.

State Street Corporation (NYSESTT) announced today that its Vice Chairman and Chief Financial Officer, Eric Aboaf, will present at the Morgan Stanley US Financials Conference in New York, NY on Monday, June 10, 2024. The presentation is expected to begin at approximately 1:00 pm ET.

State Street Global Advisors, the asset management business of State Street Corporation (NYSESTT), today announced the launch of the SPDR® Portfolio Treasury ETF (SPTB). SPTB further enhances SPDR’s Portfolio ETF suite by providing low-cost exposure to US Treasury securities with remaining maturities greater than or equal to one year. Priced at three basis points, SPTB seeks to track the performance of the Bloomberg U.S. Treasury Index.

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

State Street Corporation (NYSESTT) today announced the appointment of Elizabeth (Liz) Lynn to executive vice president and global head of Investor Relations. Lynn will report to Eric Aboaf, vice chairman and chief financial officer for State Street Corporation.

State Street Corporation (NYSESTT) announced today that its Chairman and Chief Executive Officer, Ron O’Hanley, and Vice Chairman and Chief Financial Officer, Eric Aboaf, will participate in Bernstein’s 40th Annual Strategic Decisions Conference in New York, NY on Friday, May 31, 2024, at 9:00 am ET.

State Street Corporation (NYSESTT) today released the results of its third annual private markets survey1, which explores the allocations of 480 institutional investors including traditional asset managers, private market managers, insurance companies, and asset owners across North America, Latin America, Europe, and Asia-Pacific.

State Street Corporation (NYSESTT) reported its first-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 10:00 a.m. ET today, Friday, April 12, 2024. The call will be open to the public.

State Street Corporation (NYSESTT) today announced that it has earned both the Hispanic Equity at Work Bronze Certification and the renewal of its Black Equity at Work Bronze Certification, two recognitions issued by Management Leadership of Tomorrow (MLT).

State Street Corporation (NYSESTT) today announced a new partnership with Daniel W. Drezner, Professor of International Politics at The Fletcher School, the graduate school of global affairs at Tufts University, as its newest academic partner to provide counsel and fresh perspective for clients seeking to navigate the growing complexities of geopolitical risk.

State Street Corporation (NYSESTT) today announced a change to the timing of the previously announced first-quarter 2024 webcast and teleconference due to a scheduling conflict.

State Street Corporation (NYSESTT) one of the world's leading providers of financial services to institutional investors, today marked the official opening of its new office building in Kilkenny.

State Street Corporation (NYSESTT) today announced that it has been selected to provide fund accounting, fund administration and investor servicing for AZ Quest, an asset manager based in Sao Paulo, Brazil. State Street will provide this range of services to the AZ Quest Fund SPC and its segregated portfolios.

State Street Corporation (“State Street”) (NYSESTT) announced today that it has issued an aggregate principal amount of $1 billion of senior debt. The offering, which closed today, was structured in keeping with State Street’s ongoing inclusion, diversity, and equity efforts, with Blaylock Van, LLC acting as a joint book-running manager, and Cabrera Capital Markets LLC, CAVU Securities LLC, Mischler Financial Group, Inc. and Tigress Financial Partners LLC 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, Scotia Capital (USA) Inc. and UBS Securities LLC each acting as joint book-running managers.

State Street Corporation (NYSESTT) today announced changes to the timing of the previously announced release of its first-quarter 2024 financial results and the associated webcast and teleconference, in order to minimize conflicts with other industry earnings announcements.

State Street Corporation (NYSESTT) plans to announce its first-quarter 2024 financial results on Friday, April 12, 2024 at approximately 7:30 a.m. ET. The results will be reviewed via webcast and teleconference at 11:00 a.m. ET.

State Street Corporation (NYSESTT) today announced a $100 million program to provide low-cost, stable deposit funding to minority depository institutions (MDIs)1 and Community Development Financial Institutions (CDFIs)2, to support the firms’ collective missions of addressing inequities in our communities by working toward a more just and equitable future.

State Street Corporation (NYSESTT) 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.

State Street Corporation (NYSESTT) 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 (NYSESTT) 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”).

State Street Corporation (NYSESTT) today announced the expansion of its Fund Connect ETF portal via upgrades to its Application Protocol Interface (API), now offering coverage to all clients globally including Europe and the APAC region. Fund Connect ETF APIs have been available in the U.S. and Canada for years and account for nearly half of North American order volumes.

State Street Corporation (NYSESTT) 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. Financial terms are not being disclosed.

State Street Corporation (“State Street”) (NYSESTT) 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.

State Street Corporation (NYSESTT) 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.

State Street Corporation (NYSESTT) 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. ET today, Friday, January 19, 2024. The call will be open to the public.

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

State Street Corporation (NYSESTT) 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.

State Street Corporation (NYSESTT) today announced a quarterly cash dividend of $0.69 per share of common stock, payable on January 12, 2024 to common shareholders of record at the close of business on January 2, 2024.

State Street Corporation (NYSESTT) plans to announce its fourth-quarter and full-year 2023 financial results on Friday, January 19, 2024 at approximately 7:30 a.m. ET. The results will be reviewed via webcast and teleconference at 11:00 a.m. ET.

State Street Corporation (NYSESTT) today announced a successful implementation of State Street Alpha, its front-to-back asset servicing platform for institutional investment and wealth managers, with BMO Global Asset Management (BMO GAM). BMO GAM is a leading Canadian asset manager with an innovative suite of mutual funds, ETFs, alternative funds, and other investment products.

State Street Global Advisors, the asset management business of State Street Corporation (NYSESTT), today launched its 2024 Global Market Outlook: Positioning the Pieces outlining a mixed outlook and key investment themes for the year ahead.