State Street Corporation has delivered a solid set of financial results, rounding off the full year 2024 with numbers in line with expectations. The preferred stock issuance and a premium 6.45% preferred share deal provide a significant boost to the corporation's capital. In addition, it has scheduled and held its Q4 and full-year 2024 earnings call with major takeaways being strong growth in spite of market challenges. The Corporation's CEO, O'Hanley, recently took center stage at the UBS Financial Services Conference, outlining strategic plans and opportunities. Recent noteworthy changes include Sarah Salih's appointment as the North America Investment Services Business Head and the announcement of the CFO's upcoming departure. Moreover, State Street outperformed estimates and declared common stock dividends. The company issued significant amounts of senior debt and established alliances with banks to assist Minority Depository Institutions and Community Development Financial Institutions. It continues to implement robust strategic expansions in foreign markets, geographically diversifying its reach with a spotlight on Mexico and the Middle East. Lastly, it has secured various business mandates, including a partnership with Harris for State Street Alpha® and the successful integration of a major alpha platform for asset manager Harris.
State Street Corporation STT News Analytics from Fri, 31 May 2024 07:00:00 GMT to Sat, 15 Feb 2025 12:37:29 GMT -
Rating 9
- Innovation 6
- Information 8
- Rumor 2
