State Street Corporation (STT) has been in the limelight recently due to a slew of major developments. A proposed issuance of preferred stock has caught significant attention while facilitating a major capital boost with a
premium 6.45% preferred share deal. Several institutional investors are changing their holdings in State Street, with companies like Boston Trust Walden Corp, abrdn plc, and BDF Gestion decreasing their stakes, while others such as
Mirae Asset Global Investments and Columbus Macro LLC are increasing theirs. Significantly, STT
beat Q4 2024 earnings and revenue estimates, indicating strong growth despite market challenges. Further, STT intends to host additional Q&A sessions for its Q4 earnings results, giving investors a deeper grasp of its financial position. The company also declared dividends on its common and non-cumulative perpetual preferred stock. Reflecting on its strategy, STT's
CEO, O'Hanley, took the center stage at the
UBS conference, detailing the firm's future outlook. Furthermore, it announced multiple partnerships, including those with minority depository institutions, community development financial institutions, and Harris | Oakmark for its Alpha platform, underscoring its commitment to broader financial inclusion and efficiency. Lastly, the appointment of Sarah Salih as EVP to lead North American Investment Services is an addition to its strategic moves.
State Street Corporation STT News Analytics from Tue, 16 Apr 2024 07:00:00 GMT to Sat, 08 Feb 2025 09:24:30 GMT -
Rating 7
- Innovation 5
- Information 8
- Rumor 2
