State Street Names New Global Controller and CAO
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State Street ( (STT) ) has issued an update.
On March 27, 2026, State Street Corporation appointed C. Jack Read as Executive Vice President, Global Controller and Chief Accounting Officer, effective August 10, 2026, succeeding Elizabeth M. Schaefer in this key finance and reporting role. Read, 57, brings extensive experience from MSCI Inc., Citizens Financial Group and prior senior posts at MUFG Americas, JPMorgan Chase, Washington Mutual Bank and KPMG, underscoring State Street’s emphasis on seasoned leadership in financial control and risk oversight.
Under a March 27, 2026 letter agreement, State Street set Read’s annual base salary at $450,000 and made him eligible for discretionary incentive awards targeting $2.1 million in total 2026 incentive compensation. The package also includes one-time transition payments in deferred stock and cash designed to offset compensation he is expected to forfeit at MSCI, reflecting the competitive market for top-tier accounting and controllership talent and signaling State Street’s commitment to securing continuity in its global finance function.
The most recent analyst rating on (STT) stock is a Buy with a $155.00 price target. To see the full list of analyst forecasts on State Street stock, see the STT Stock Forecast page.
Spark’s Take on STT Stock
According to Spark, TipRanks’ AI Analyst, STT is a Neutral.
The score is driven primarily by mixed financial quality—solid profitability and improving leverage offset by highly volatile cash flow. Supportive valuation and a constructive earnings outlook help, but near-term technical weakness keeps the overall score in the low 60s.
To see Spark’s full report on STT stock, click here.
More about State Street
State Street Corporation is a global financial services company that provides investment management, servicing and administration to institutional investors, including asset managers, pension funds and other financial institutions. The firm focuses on custody banking, fund accounting and related back-office and data services that support large, complex investment portfolios worldwide.
Average Trading Volume: 2,183,649
Technical Sentiment Signal: Buy
Current Market Cap: $34.4B
See more data about STT stock on TipRanks’ Stock Analysis page.
