State Street Corporation's financial performance has demonstrated strong resilience, with Q1 2025 earnings per share beating expectations despite a lag in revenues. The company's senior notes issuance has secured a substantial capital boost, coupled with a premium 6.45% preferred share deal. There have been several movements in share ownership, for instance, shares were offloaded by TAM Capital Management and Evercore Wealth Management, while AQR Capital Management and Price T Rowe Associates increased stock positions. Key personnel changes included the appointment of John F. Woods as Chief Financial Officer and Sarah Salih as Head of North America Investment Services Business. Interestingly, State Street broke new ground by launching the first retirement fund combining public and private markets. Talk of a partnership with respected private equity firm Carlyle Group to tap retail wealth and a restructured venture with SS&C Technologies in Luxembourg and Ireland signals strategic moves. Big news arose when State Street announced its acquisition of Mizuho Financial Group's Global Custody Business, which is a major step in reshaping global financial services. However, there has been some investor activism amidst a 10% slide in stock prices.
State Street Corporation STT News Analytics from Mon, 26 Aug 2024 07:00:00 GMT to Sat, 03 May 2025 19:39:22 GMT -
Rating 5
- Innovation 2
- Information 8
- Rumor -2
