BOSTON--(BUSINESS WIRE)-- State Street Corporation (NYSE: STT) 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. About State Street Corporation State Street Corporation (NYSE: STT) is one of the world's leading providers of financial services to institutional investors including investment servicing, investment management and investment research and trading. With $46.8 trillion in assets under custody and/or administration and $4.7 trillion* in assets under ...
BOSTON--(BUSINESS WIRE)-- State Street Corporation (NYSE: STT) 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. “Today marks a significant milestone in our commitment to foster economic inclusion and drive positive change in com...
RIYADH, Saudi Arabia--(BUSINESS WIRE)-- State Street Corporation (NYSE: STT) today announced the appointment of Majed Al Hassoun as Country Head Saudi Arabia and Bahrain, to drive and execute the firm’s Investment Services and Global Advisors strategy. Reporting to Oliver Berger, Head of Emerging Growth Markets, State Street, and Emmanuel Laurina, Head of Middle East, Africa and Official Institutions, State Street Global Advisors, Al Hassoun will drive the firm’s Middle East growth strategy for Saudi Arabia and Bahrain, and be responsible for the development and execution of an enterprise-wi...
BOSTON--(BUSINESS WIRE)-- State Street Global Advisors, the asset management business of State Street Corporation (NYSE: STT) today released the results of its research, in which advisors report having an average of 39% of current assets under management in model portfolios - up from 32% three years ago. “Model portfolios have evolved into a powerful tool for advisors seeking to scale their practices efficiently while enhancing the quality of personalized, client-centered wealth management,” said Brie Williams, Global Head of Advisory Solutions and Wealth Intelligence at State Street Global...
BOSTON--(BUSINESS WIRE)-- State Street Corporation (NYSE: STT) 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. “H...
BOSTON--(BUSINESS WIRE)-- State Street Corporation (NYSE: STT) 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. The conference call will be accessible via audio webcast on State Street’s Investor Relations website, , and by telephone at (+1) 800 717 1738 (Conference ID: 30802). Materials will be available on the website prior to the call. For those unable to listen to the live webcast, a replay will be available on the w...
BOSTON--(BUSINESS WIRE)-- State Street Global Advisors, the asset management business of State Street Corporation (NYSE: STT), today launched its 2025 Global Market Outlook: Finding the Right Path, outlining its macroeconomic outlook and key investment themes for the year ahead. Against the background of a resilient economic environment and major central banks embarking on an easing cycle in 2024, equity markets delivered strong returns, while fixed income markets saw modest returns. Looking ahead, State Street Global Advisors expects rate cuts and macroeconomic resilience to continue in 202...
NEW YORK--(BUSINESS WIRE)-- Most institutional investors expect assets in sustainable funds to grow in the next two years, according to a new “Sustainable Signals” report by the Morgan Stanley . The survey, which polled more than 900 institutional investors across North America, Europe and Asia Pacific in July and August 2024, assesses attitudes of asset owners and asset managers toward sustainable investing, as well as emerging trends in the space. The majority of asset managers (78%) expect AUM in sustainable funds to increase over the next two years, driven by a combination of new mandate...
BOSTON--(BUSINESS WIRE)-- State Street Corporation (NYSE: STT) 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. An audio webcast of the event will be accessible on the home page of State Street’s Investor Relations website, . A recorded replay will be available on the Investor Relations website later that day, for approximately ninety days following the presentatio...
Two Directors at State Street Corp sold 14,000 shares at 97.970USD. The significance rating of the trade was 70/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clear...
BOSTON--(BUSINESS WIRE)-- State Street Corporation (“State Street”) (NYSE: STT) 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 ...
NEW YORK--(BUSINESS WIRE)-- Morgan Stanley Wealth Management today released a comprehensive report identifying essential focus areas and recommended steps for family offices to target growth more effectively. With the number of family offices projected to expand 75% by 2030,1 trends indicate growing urgency and demand for adaptable structures that help families express values, protect legacies, educate the next generation and leverage technology to navigate cybersecurity challenges and change amid complex markets. Additionally, offices are now facing a faster pace of intergenerational wealth...
BOSTON & WESTPORT, Conn.--(BUSINESS WIRE)-- State Street Global Advisors, the asset management business of State Street Corporation (NYSE: STT), 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. “Bridgewater is known for its 40-year history of delivering resilient, diversified portfolios and insights to many sophisticated institutional global investors, including innovative approaches to strategic asset allocation. We are excited that this strategic relati...
BOSTON--(BUSINESS WIRE)-- State Street Global Advisors, the asset management business of State Street Corporation (NYSE: STT), and the World Gold Council, the market development organization for the gold industry, celebrate the 20th anniversary of . 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 Investor Sentiment Toward Gold Remains Strong To mark the...
NEW YORK--(BUSINESS WIRE)-- In seventh paragraph, third sentence of release dated October 28, 2024, insert "207" between "MMI’s" and "member." Insert after eighth paragraph, second sentence of release: These awards were granted to Morgan Stanley based on the time period from October 2023 to June 2024. There were 6 firms considered for the Wealth Management Platform of the Year Award and 12 firms considered for the Distribution Excellence Award. The Money Management Institute (MMI) is the industry association representing financial services firms and Barron’s is a financial magazine both grou...
NEW YORK--(BUSINESS WIRE)-- Morgan Stanley today declared a regular dividend on the outstanding shares of each of the following preferred stock issues: Floating Rate Non-Cumulative Preferred Stock, Series A - $358.35 per share (equivalent to $0.358347 per Depositary Share) 10 Percent Non-Cumulative Non-Voting Perpetual Preferred Stock, Series C - $25.00 per share Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series E - $455.21 per share (equivalent to $0.455208 per Depositary Share) Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series F - $439.24 per share (equ...
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