|Bid||29.56 x 800|
|Ask||29.65 x 800|
|Day's range||29.51 - 29.65|
|52-week range||25.90 - 29.69|
|Beta (5Y monthly)||1.60|
|PE ratio (TTM)||4.87|
|Forward dividend & yield||1.34 (4.52%)|
|Ex-dividend date||28 May 2021|
|1y target est||N/A|
(Bloomberg) -- State Street Corp., one of the world’s largest money managers, is moving hundreds of its staff into a new digital unit to meet surging interest in everything from cryptocurrencies to transforming investments as traditional as real estate.“This technology is revolutionary and it will change the world,” said Nadine Chakar, the newly appointed head of State Street Digital, in an interview Friday. Blockchain “has been a solution looking for a problem for years now -- but what you’re s
State Street Corporation (NYSE: STT) today announced that it has launched a new division focused on addressing the industry’s evolving shift to digital finance. The new division, State Street Digital, will be led by Nadine Chakar, three-decade industry veteran and executive vice president. Chakar will report to Lou Maiuri, chief operating officer of State Street Corporation.
State Street, a US custody bank that oversees more than $40tn in assets, is setting up a new digital division, reflecting the pressure on financial services companies to help clients trade cryptocurrencies even as regulators work out rules for the sector. The move came only weeks after the Boston-based bank was appointed by Iconic Funds to serve as the administrator of a bitcoin-backed exchange-traded note listed on the Frankfurt Stock Exchange. Nadine Chakar, who will head State Street Digital, told the Financial Times that the bank was seeking to keep up with customers who had increased their crypto exposure by 300 per cent in the past two to three months.