State Street Corporation, through its subsidiaries, provides a range of financial products and services to institutional investors worldwide. It offers investment servicing products and services, including custody; product accounting; daily pricing and administration; master trust and master custody; depotbank; record-keeping; cash management; foreign exchange, brokerage, and other trading services; securities finance; deposit and short-term investment facilities; loans and lease financing; investment manager and alternative investment manager operations outsourcing; performance, risk, and compliance analytics; and financial data management to support institutional investors. The company also engages in the provision of portfolio management and risk analytics, as well as trading and post-trade settlement services with integrated compliance and managed data throughout. In addition, it provides investment management strategies and products, such as core and enhanced indexing, multi-asset strategies, active quantitative and fundamental active capabilities, and alternative investment strategies. Further, the company offers services and solutions, including environmental, social, and governance investing; defined benefit and defined contribution; and global fiduciary solutions, as well as exchange-traded fund under the SPDR ETF brand. The company provides its products and services to mutual funds, collective investment funds and other investment pools, corporate and public retirement plans, insurance companies, foundations, endowments, and investment managers. State Street Corporation was founded in 1792 and is headquartered in Boston, Massachusetts.
IPO Year:
Exchange: NYSE
Website: statestreet.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
1/27/2025 | Underperform → Peer Perform | Wolfe Research | |
12/20/2024 | $95.00 | Underweight → Neutral | Analyst |
12/9/2024 | $102.00 → $139.00 | Equal-Weight → Overweight | Morgan Stanley |
12/3/2024 | $105.00 → $120.00 | Mkt Perform → Outperform | Keefe Bruyette |
7/8/2024 | $73.00 | Peer Perform → Underperform | Wolfe Research |
1/4/2024 | $81.00 | Neutral → Underperform | BofA Securities |
1/3/2024 | $69.00 → $92.00 | Neutral → Buy | Goldman |
7/17/2023 | $78.50 → $71.00 | Neutral → Underweight | JP Morgan |
7/17/2023 | $90.00 → $72.00 | Buy → Neutral | UBS |
7/17/2023 | $84.00 → $73.00 | Outperform → Mkt Perform | Keefe Bruyette |
13F-HR - STATE STREET CORP (0000093751) (Filer)
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8-K - STATE STREET CORP (0000093751) (Filer)
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SCHEDULE 13G - STATE STREET CORP (0000093751) (Filed by)
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State Street Corporation (NYSE:STT) today announced a quarterly cash dividend of $0.76 per share of common stock, payable on April 11, 2025 to common shareholders of record at the close of business on April 1, 2025. Additionally, State Street Corporation announced a cash dividend on each of the below outstanding series of non-cumulative perpetual preferred stock: Series G (represented by depositary shares, each representing a 1/4000th interest in a share of Series G preferred stock). The cash dividend is in the amount of $1,337.50 per share of Series G preferred stock (resulting in a distribution of approximately $0.334375 per depositary share) and is payable on March 18, 2025 to the hol
State Street Corporation ("State Street") (NYSE:STT) announced today that it has issued $750 million of depositary shares, each representing a 1/100th ownership interest in a share of its 6.450% Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock, Series K (the "Series K Preferred Stock"), with a liquidation preference of $100,000 per share. Consistent with recent securities issuances, State Street accessed a broad investor base through a diverse syndicate of underwriters with Blaylock Van, LLC, a minority-owned investment bank, and Siebert Williams Shank & Co., LLC, a minority and women-owned investment bank, each acting as co-managers on the transaction. The underwriting syndicate
State Street Corporation (NYSE:STT) 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. A conference call to discuss the firm's financial results and outlook scheduled for 11:00 a.m. ET, Friday, January 17, 2025 was interrupted after the conclusion of the prepared remarks and during the Q&A session, due to a technology issue with a vendor. State Street will host a continuation of the Q&A session of the call Tomorrow, Wednesday, January 22, 2025 at 12:00 p.m. EST. This call will be ope
State Street Corporation (NYSE:STT) 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. A conference call to discuss the firm's financial results and outlook scheduled for 11:00 a.m. ET, Friday, January 17, 2025 was interrupted after the conclusion of the prepared remarks and during the Q&A session, due to a technology issue with a vendor. State Street will host a continuation of the Q&A session of the call at 12:00pm EST on Wednesday, January 22, 2025. We apologize for the inconvenience. Additiona
State Street Corporation (NYSE:STT) 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. The conference call will be accessible on State Street's Investor Relations website, and by telephone at (+1) 800 717 1738 (Conference ID: 30802). Following the conference call, a replay will be available on State Street's Investor Rela
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 management as of September 30, 2024, State Street operates globally in more than 100 geographic markets and employs approximate
NEW YORK, Dec. 13, 2024 (GLOBE NEWSWIRE) -- Keefe, Bruyette & Woods, Inc., a leading specialist investment bank to the financial services and fintech sectors, and a wholly owned subsidiary of Stifel Financial Corp. (NYSE:SF), announces the upcoming index rebalancing for the fourth quarter of 2024. This quarter, there are constituent changes within four of our indexes: the KBW Nasdaq Capital Markets Index (Index Ticker: KSX, ETF Ticker:N/A), KBW Nasdaq Financial Technology Index (Index Ticker: KFTX, ETF Ticker: FTEK.LN), KBW Nasdaq Financial Sector Dividend Yield Index (Index Ticker: KDX, ETF Ticker: KBWD), and KBW Nasdaq Premium Yield Equity REIT Index (Index Ticker: KYX, ETF Ticker: KBWY
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, http://investors.statestreet.com, 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 website or by telephone at (+1) 888 660 6264 (Playback Passcode: 30802#). The replay will be av
State Street Corporation (NYSE:STT) today announced a cash dividend on each of the below outstanding series of non-cumulative perpetual preferred stock: Series G (represented by depositary shares, each representing a 1/4000th interest in a share of Series G preferred stock). The cash dividend is in the amount of $1,337.50 per share of Series G preferred stock (resulting in a distribution of approximately $0.334375 per depositary share) and is payable on December 16, 2024 to the holders of record of the Series G preferred stock at the close of business on December 2, 2024. Series I (represented by depositary shares, each representing a 1/100th interest in a share of Series I preferred
State Street Corporation (NYSE:STT) 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. The conference call will be accessible on State Street's Investor Relations website, and by telephone at (+1) 800 717 1738 (Conference ID #26547). Following the conference call, a replay will be available on State Street's Investor Relations website, o
State Street Corporation (NYSE:STT) 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. In this new role, Salih will establish a cohesive operating model to deliver a consistent experience for clients in North America. In this capacity, she will develop and maintain deep client relationships, align with the company's sales efforts, and further drive client centricity. "Sarah's more than three decades of deep industry knowledge and experience managing complex client relationships position her for suc
NEW YORK, Oct. 15, 2024 /PRNewswire/ -- S&P Global (NYSE:SPGI) today announced the appointment of Eric Aboaf as Chief Financial Officer, effective February 2025. As an Executive Vice President and member of the Executive Leadership Team, Mr. Aboaf will oversee all aspects of the company's Finance function. He will report to Ms. Martina L. Cheung, S&P Global's incoming President and CEO. Ms. Cheung, as previously announced, assumes her role on November 1, 2024. "Eric brings a wealth of experience in financial services having held CFO roles for multiple publicly traded companie
Fernandes to lead the execution of firm's enterprise strategy for its digital asset services team State Street Corporation (NYSE:STT) 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. With more than 25 years of financial services experience in technology and operations, Fernandes will partner with business leaders across product, technology, operations, as well as the Chief Commercial Office to drive the overall execution of State Street digital asset strategy. "We continue to focus on developing, leading, and executing on our d
Deepens commitment to Australian market through strategic investment in the Raiz platform that is centred on financial literacy State Street Global Advisors, Inc, the asset management business of State Street Corporation (NYSE:STT), 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. In addition, the
Joerg Ambrosius Appointed President of Investment Services State Street Corporation (NYSE:STT) announced today that Joerg Ambrosius, executive vice president and chief commercial officer, has been appointed president of Investment Services, State Street's largest business. Ambrosius brings more than 30 years of financial services experience, with a successful track record of leading client management, sales and revenue growth, focusing on the needs of asset managers and institutional investors. Ambrosius assumed an expanded role in October 2023 with overall leadership of Investment Services' client facing activities and full responsibility for its international organization to better enab
Veteran Leader Brings Deep Strategic, Aviation, and Governance Experience to Boardroom ATLANTA, Aug. 8, 2024 /PRNewswire/ -- Wheels Up Experience Inc. (NYSE:UP) today announced that Gregory L. Summe, Managing Partner of Glen Capital Partners LLC, joined its Board of Directors, effective August 7. Summe fills the unexpired term of David Adelman, who is stepping down to focus on other professional pursuits. Summe's initial term as a Class II director will continue until the 2026 annual meeting of the Company's stockholders. He will serve on the Audit and Compensation Committees
Charles River Development (CRD), a State Street Company, has appointed Vinayak Bhat (Vin) as senior vice president (SVP), head of Asia Pacific (APAC), where he will be responsible for all business oversight within the region and collaboration with State Street Alpha®, the first front-to-back asset servicing platform from a single provider for institutional investors. Charles River, provider of the Charles River Investment Management Solution (Charles River IMS), was acquired by State Street in 2018. Vin joins Charles River from FactSet Research Systems where he was head of the Asia Pacific business. Vin has over 25 years of experience in leadership positions in sales, consulting, and engi
State Street Corporation (NYSE:STT) 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. Bringing more than 20 years of investor relations and financial services experience to her new role, Lynn will be responsible for leading State Street's engagement with investors and analysts, while providing counsel and insights into the company's financial performance and long-term business objectives. "Liz brings more than two decades of financial expertise and a successful track record," said Aboaf. "Her firm-wide experience
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. He is a former partner at Gibson, Dunn & Crutcher, w
Paglia brings extensive ETF industry leadership and experience to new leadership role State Street Global Advisors, the asset management business of State Street Corporation (NYSE:STT), today announced the appointment of Anna Paglia to the position of executive vice president and chief business officer, effective early next year. Reporting directly to State Street Global Advisors CEO Yie-Hsin Hung, Paglia will be responsible for developing a longer-term growth strategy for its major businesses across global ETFs, index, cash and defined contribution and increasing the firm's overall competitive positioning and delivery of investment exposures and tailored solutions for its clients. "W
Wolfe Research upgraded State Street from Underperform to Peer Perform
Analyst upgraded State Street from Underweight to Neutral and set a new price target of $95.00
Morgan Stanley upgraded State Street from Equal-Weight to Overweight and set a new price target of $139.00 from $102.00 previously
Keefe Bruyette upgraded State Street from Mkt Perform to Outperform and set a new price target of $120.00 from $105.00 previously
Wolfe Research downgraded State Street from Peer Perform to Underperform and set a new price target of $73.00
BofA Securities downgraded State Street from Neutral to Underperform and set a new price target of $81.00
Goldman upgraded State Street from Neutral to Buy and set a new price target of $92.00 from $69.00 previously
JP Morgan downgraded State Street from Neutral to Underweight and set a new price target of $71.00 from $78.50 previously
UBS downgraded State Street from Buy to Neutral and set a new price target of $72.00 from $90.00 previously
Keefe Bruyette downgraded State Street from Outperform to Mkt Perform and set a new price target of $73.00 from $84.00 previously
State Street Corporation (NYSE:STT) today announced a quarterly cash dividend of $0.76 per share of common stock, payable on April 11, 2025 to common shareholders of record at the close of business on April 1, 2025. Additionally, State Street Corporation announced a cash dividend on each of the below outstanding series of non-cumulative perpetual preferred stock: Series G (represented by depositary shares, each representing a 1/4000th interest in a share of Series G preferred stock). The cash dividend is in the amount of $1,337.50 per share of Series G preferred stock (resulting in a distribution of approximately $0.334375 per depositary share) and is payable on March 18, 2025 to the hol
AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of "a-" (Excellent) of Federated Underwriting Company (Federated) (Colchester, VT). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect Federated's balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management. The ratings also reflect the credit enhancement received from its ultimate parent, State Street Corporation (State Street) (NYSE:STT). This single-parent captive was formed and capitalized in 2019 as part of State Street's alternativ
State Street Corporation ("State Street") (NYSE:STT) announced today that it has issued $750 million of depositary shares, each representing a 1/100th ownership interest in a share of its 6.450% Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock, Series K (the "Series K Preferred Stock"), with a liquidation preference of $100,000 per share. Consistent with recent securities issuances, State Street accessed a broad investor base through a diverse syndicate of underwriters with Blaylock Van, LLC, a minority-owned investment bank, and Siebert Williams Shank & Co., LLC, a minority and women-owned investment bank, each acting as co-managers on the transaction. The underwriting syndicate
State Street Corporation (NYSE:STT) announced today that its Chairman & Chief Executive Officer, Ron O'Hanley, will present at the UBS Financial Services Conference in Miami, FL on Tuesday, February 11, 2025 at approximately 10:30 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. About State Street Corporation State Street Corporation (NYSE:STT) is one of the world's leading providers of financial services to institutional investors includi
State Street Corporation (NYSE:STT) 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. In this new role, Salih will establish a cohesive operating model to deliver a consistent experience for clients in North America. In this capacity, she will develop and maintain deep client relationships, align with the company's sales efforts, and further drive client centricity. "Sarah's more than three decades of deep industry knowledge and experience managing complex client relationships position her for suc
State Street Corporation (NYSE:STT) 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. A conference call to discuss the firm's financial results and outlook scheduled for 11:00 a.m. ET, Friday, January 17, 2025 was interrupted after the conclusion of the prepared remarks and during the Q&A session, due to a technology issue with a vendor. State Street will host a continuation of the Q&A session of the call Tomorrow, Wednesday, January 22, 2025 at 12:00 p.m. EST. This call will be ope
State Street Corporation (NYSE:STT) 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. A conference call to discuss the firm's financial results and outlook scheduled for 11:00 a.m. ET, Friday, January 17, 2025 was interrupted after the conclusion of the prepared remarks and during the Q&A session, due to a technology issue with a vendor. State Street will host a continuation of the Q&A session of the call at 12:00pm EST on Wednesday, January 22, 2025. We apologize for the inconvenience. Additiona
State Street Corporation (NYSE:STT) 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. The conference call will be accessible on State Street's Investor Relations website, and by telephone at (+1) 800 717 1738 (Conference ID: 30802). Following the conference call, a replay will be available on State Street's Investor Rela
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 management as of September 30, 2024, State Street operates globally in more than 100 geographic markets and employs approximate
NEW YORK, Dec. 13, 2024 (GLOBE NEWSWIRE) -- Keefe, Bruyette & Woods, Inc., a leading specialist investment bank to the financial services and fintech sectors, and a wholly owned subsidiary of Stifel Financial Corp. (NYSE:SF), announces the upcoming index rebalancing for the fourth quarter of 2024. This quarter, there are constituent changes within four of our indexes: the KBW Nasdaq Capital Markets Index (Index Ticker: KSX, ETF Ticker:N/A), KBW Nasdaq Financial Technology Index (Index Ticker: KFTX, ETF Ticker: FTEK.LN), KBW Nasdaq Financial Sector Dividend Yield Index (Index Ticker: KDX, ETF Ticker: KBWD), and KBW Nasdaq Premium Yield Equity REIT Index (Index Ticker: KYX, ETF Ticker: KBWY