State Street Corporation (STT) has been engaged in a series of notable activities lately. The financial titan issued Preferred Stock and acquired Mizuho Financial Group's Global Custody Business amidst maintaining healthy dividends on common stock and perpetual preferred series. Continuing its trajectory of growth, STT secured major capital with a 6.45% Preferred Share Deal. Notably, it announced the issuance of $2.3 Billion of Senior Debt and the end of its 20-year IFDS partnership while undertaking in-house transfer agency.On the Earning front, STT reported robust Q4 earnings and revenues surpassing estimates. STT's report indicated record EPS and strong growth in challenging market conditions. The company entered into numerous partnerships, including onboarding River Global, Harris | Oakmark for State Street Alpha®, and a strategic relationship with Bridgewater Associates.Despite some hurdles - a tech disruption during an earning call and the risk of losing a Swiss pension mandate - the firm displayed resilient financial performance supported by increased holdings, share acquisitions, and investments by institutional investors. It also expanded its ETF offerings, extended its servicing relationship with VanEck, and underwent leadership changes. Most recently, Charles Schwab Investment Management pursued a 10,404 shares acquisition deal with the firm.
State Street Corporation STT News Analytics from Thu, 18 Jul 2024 07:00:00 GMT to Sat, 22 Mar 2025 09:32:58 GMT -
Rating 7
- Innovation 2
- Information 8
- Rumor 3
