Stock events for State Street Corp. (STT)
Over the past six months, State Street Corp.'s stock has increased by 9.61%. Key events impacting the stock price include earnings reports, analyst upgrades, a dividend increase, the acquisition of CF Global Trading, and a repositioning charge. Q1 2024 earnings showed positive results, while Q2 2024 earnings surpassed estimates but were impacted by higher expenses. Q2 2025 earnings also showed strong results. Truist Securities upgraded their outlook for State Street from Hold to Buy. State Street announced a planned 10% increase to its quarterly common stock dividend. The completion of the acquisition of CF Global Trading was announced. State Street recognized a $100 million repositioning charge tied to the severance of approximately 900 employees.
Demand Seasonality affecting State Street Corp.’s stock price
The provided search results do not contain specific information regarding the demand seasonality for State Street Corp.'s products and services. Demand is generally influenced by broader market conditions, investor activity, and global economic trends rather than distinct seasonal patterns.
Overview of State Street Corp.’s business
State Street Corporation is a multinational financial services and bank holding company established in 1792. It operates within the financial services industry, focusing on investment management, investment servicing, and risk management. The company provides a comprehensive suite of products and services to institutional investors, including investment servicing, investment management through State Street Global Advisors (SSGA), and technology and trading solutions like the State Street Alpha platform.
STT’s Geographic footprint
State Street operates globally in more than 100 geographic markets across the U.S., Canada, Latin America, Europe, the Middle East, and Asia. Its global custody network supports its international client base. Following the acquisition of CF Global Trading, State Street's outsourced trading footprint includes desks in Boston, New York, Toronto, London, Lisbon, Hong Kong, and Sydney.
STT Corporate Image Assessment
State Street's brand reputation is built on trust, consistent execution, and unwavering integrity. Strategic partnerships and innovation, such as partnerships with smallcase and Ethic Inc., and the integration of climate data with S&P Global Trucost, have contributed positively to its reputation. Consistent positive operating leverage and strong sales performance, along with record AUC/A and AUM, contribute to its reputation for financial strength. The acquisition of CF Global Trading strengthens its outsourced trading services. A workforce repositioning involving employee severance could have a short-term impact on perceptions.
Ownership
State Street Corp.'s stock ownership is primarily held by institutional investors, with approximately 84.79% of the company's stock owned by institutions. Insiders own about 0.54%, and individuals own approximately 0.56%. Major institutional owners include Vanguard Group Inc., BlackRock, Inc., and State Street Corp.
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$114.88
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