State Street

State Street Corp. operates as a financial holding company. It conducts business primarily through State Street Bank. The firm operates through following business lines: Investment Servicing and Investment Management. The Investment Servicing business offers custody, product and participant-level accounting, daily pricing and administration, master trust and master custody, record-keeping, cash management, foreign exchange, brokerage and other trading services, securities finance, deposit and short-term investment facilities, loans and lease financing, investment manager and alternative investment manager operations outsourcing, and performance, risk and compliance analytics. The Investment Management business provides services through State Street Global Advisors, which provides a broad array of investment management, investment research and investment advisory services to corporations, public funds and other sophisticated investors. It offers strategies for managing financial assets, including passive and active, such as enhanced indexing, using quantitative and fundamental methods for both the U.S. and global equities and fixed-income securities. The company was founded in 1792 and is headquartered in Boston, MA.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

State Street exceeds Q4 expectations, eyes growth amidst challenges

State Street's Q4 2022 performance showcased resilience in a tough economic environment, with a focus on cost management and capital strength. The company is optimistic about growth opportunities in 2023, despite facing challenges in asset servicing and interest income forecasting.

State Street Q1 2023 Earnings: Resilient Performance Amid Market Challenges

State Street navigated market volatility in Q1, maintaining financial strength and returning capital to shareholders. Challenges include managing expenses, revenue impact from customer behavior, and provisioning sensitivity. Opportunities lie in revenue growth from acquisitions, new business installations, and optimizing RWA dynamics.

State Street reports solid Q2 performance amidst NII challenges

State Street delivered strong financial results in Q2 2023, with growth in key metrics and a focus on capital management and productivity enhancements.
Challenges lie ahead in NII, expense control, and potential regulatory impacts, but the company is proactively addressing these issues.
Opportunities exist in asset growth, deposit management, and client relationships, positioning State Street for continued success in the financial services industry.

State Street reports robust Q3 earnings, eyes private market growth

State Street's Q3 performance showcased strong financial results, emphasizing growth in AUC/A and successful asset servicing wins. The company's focus on cost management, revenue growth, and strategic initiatives positions it well for positive fee operating leverage in 2024. Challenges include managing expenses amid inflationary pressures and navigating evolving market dynamics.

State Street reports robust 2023 performance amidst NII challenges

State Street's strong financial performance, strategic initiatives, and shareholder value focus position the company for continued growth and resilience in 2024.
While facing challenges such as potential NII declines and regulatory uncertainties, State Street can leverage opportunities in digital assets, private markets, and client base expansion for future success.
By navigating challenges effectively, capitalizing on growth opportunities, and maintaining financial strength, State Street aims to drive positive performance and value creation for shareholders in the year ahead.

State Street (STT) reports strong Q1 performance and growth opportunities

State Street's Q1 2024 performance showcased robust financial results, record AUC/A, and strategic priorities for growth and efficiency.
While challenges like NII decline and expense management persist, opportunities in productivity enhancement and private markets growth are promising.
Investors can look forward to capital returns and ongoing technology investments driving operational improvements at State Street.
Overall, State Street's focus on financial strength, operational efficiency, and strategic growth initiatives positions it well for the future.

State Street reports strong Q2 earnings, eyes growth opportunities

State Street's Q2 2024 earnings call highlighted robust financial performance, strategic wins in asset services, and a focus on client engagement and operational efficiency.
The company's emphasis on sustained momentum, organic growth, and shareholder value enhancement underscored its commitment to driving long-term success and delivering value to stakeholders.
While facing potential challenges from market dynamics and regulatory changes, State Street remains well-positioned to leverage opportunities for growth, innovation, and market expansion in the financial services sector.

State Street reports record Q3 earnings and strategic growth outlook

State Street's Q3 2024 earnings call highlighted strong financial performance, operational efficiency, and strategic growth initiatives. The company achieved record EPS, strong ROE, and revenue growth, supported by the success of its State Street Alpha platform and Global Advisors.
While facing challenges such as CFO transition and market dynamics, State Street remains well-positioned to capitalize on opportunities for expansion, innovation, and sustainable growth. The company's focus on shareholder value, client trust, and market recognition underpins its competitive strength and resilience.
With an improved outlook, State Street is poised to navigate challenges, leverage opportunities, and drive long-term value creation for stakeholders. By prioritizing innovation, client-centric solutions, and financial stewardship, State Street aims to sustain its growth trajectory and competitive edge in the financial services industry.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

State Street Corp. engages in the provision of financial services to institutional investors. It operates through the Commercial and Financial Loans, and Commercial Real Estate Loans segments. The company was founded in 1792 and is headquartered in Boston, MA.

BOSTON--( BUSINESS WIRE )--State Street Corporation (NYSE:STT) announced today that its Chairman & Chief Executive Officer, Ron O'Hanley, and its Vice Chairman & Chief Financial Officer, Eric Aboaf, will participate in the Goldman Sachs 2022 US Financial Services Conference in New York on Wednesday, December 7, 2022, at 9:20 am ET.

State Street to Participate in the Goldman Sachs 2022 US Financial Services Conference

BOSTON--(BUSINESS WIRE)--State Street Corporation today announced that it has issued $1 billion of senior unsecured bonds, including an inaugural $500 million bond issued under its Sustainability Bond Framework (the “Framework”) which enables the issuance of Green, Social, and Sustainability Bonds.

State Street Announces Inaugural $500 Million Bond Issuance Under its Sustainability Bond Framework

BOSTON--(BUSINESS WIRE)-- #FixedIncome--The collaboration streamlines the primary issuance process by improving communications workflows between underwriters and institutional investors.

Charles River and DirectBooks Announce Collaboration to Streamline Primary Issuance in Charles River IMS

CHICAGO--(BUSINESS WIRE)-- #RaaS--Sterling Trading Tech (STT), a leading provider of order management systems, risk and margin tools and trading platforms to the capital markets worldwide, today announced it has signed with Avenue Securities, a ground-breaking U.S. digital brokerage serving retail investors in Brazil, to provide its suite of technology solutions to offer Brazilian investors sophisticated trading tools and functionality to trade the U.S. markets.

Sterling Trading Tech Selected by Avenue Securities to Bring Brazilian Investors Unprecedented Access to U.S. Markets

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) announced today the opening of a new office in Chile to help the firm serve and support institutional clients in Latin America, with a focus on custody, fund administration and securities lending.

State Street Opens New Office in Chile to Support Continued Growth in Latin America

Start Time: 11:00 January 1, 0000 12:26 PM ET State Street Corporation (NYSE:STT ) Q3 2022 Earnings Conference Call October 18, 2022, 11:00 AM ET Company Participants Ron O'Hanley - Chairman and CEO Eric Aboaf - Vice Chairman and CFO Ilene Fiszel Bieler - EVP and Global Head of IR Conference Call Participants Glenn Schorr - Evercore ISI Ken Usdin - Jefferies Alex Blostein - Goldman Sachs Brennan Hawken - UBS Steven Chubak - Wolfe Research Brian Bedell - Deutsche Bank Jim Mitchell - Seaport Global Gerard Cassidy - RBC Capital Markets Michael Brown - Keefe, Bruyette & Woods Michael Mayo - Wells Fargo Securities Betsy Graseck - Morgan Stanley Vivek Juneja - JPMorgan Operator Good morning, and welcome to State Street Corporation Third Quarter 2022 Earnings Conference Call and Webcast. Today's discussion is being broadcast live on State Street's Web site at investors.statestreet.com.

State Street Corporation (STT) Q3 2022 Earnings Call Transcript

A rise in interest rates, higher NIR and a modest cost decline aid State Street's (STT) Q3 earnings amid dismal fee income performance. STT announces $1 billion worth of share buyback program for Q4.

State Street (STT) Stock Up as Q3 Earnings Beat on Higher NIR

State Street Corp. STT, +4.42% shares rose 3.4% in premarket trades after the financial firm's third-quarter earnings of $1.82 a share beat the analyst estimate of $1.78 a share, according to FactSet data. State Street's revenue of $2.96 billion narrowly missed the target of $2.97 billion.

State Street shares advance on earnings boost and it may not buy BBH: Analyst

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) reported its third-quarter 2022 financial results today.

State Street Reports Third-Quarter 2022 Financial Results

State Street (NYSE: STT) is scheduled to report its fiscal Q3 2022 results on Tuesday, October 18, 2022.

State Street Stock To Edge Past The Consensus In Q3?

BOSTON--(BUSINESS WIRE)--State Street Global Advisors, the asset management business of State Street Corporation (NYSE: STT), today announced a collaboration with Barclays' Research business through which State Street Global Advisors will develop and manage a suite of active systematic fixed income strategies.

State Street Global Advisors and Barclays Quantitative Portfolio Strategy Announce Collaboration on Active Systematic Fixed Income Strategies

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) announced today that TradeNeXus, a GlobalLink digital platform for foreign exchange transactions and an integral part of State Street's Digital Division, has partnered with Capitolis, the technology company reimagining capital markets, to launch an automated post-trade solution to optimize portfolios.

State Street Digital's TradeNeXus Platform Partners with Capitolis to Launch Integrated Portfolio Optimization Offering

Higher interest rates and loan growth are likely to have supported NIR, which in turn might have aided State Street's (STT) Q3 earnings amid weaker fee income performance.

NIR to Aid State Street (STT) Q3 Earnings Amid Fee Income Woes

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE:STT) today announced that Yvette Hollingsworth Clark has been appointed to executive vice president and global chief compliance officer. Hollingsworth Clark who will report to Brad Hu, executive vice president and global head of risk for State Street, will also be accountable to the Examining and Audit Committee of State Street's Board of Directors. Consistent with the principles of effective compliance, Hollingsworth Clark will oversee co

State Street Appoints New Global Chief Compliance Officer

Amgen

Best Buy

Bank of New York Mellon

Blackrock Inc

Comerica

Comcast

Darden Restaurants

Fifth Third Bancorp

Fidelity National Financial

Interpublic Group of Companies

JPMorgan Chase & Co

Morgan Stanley

Omnicom Group

Principal Financial Group

Packaging Corp of America

PNC Financial Services

Regions Financial

T. Rowe Price Group

Texas Instruments

U.S. Bancorp

Vanguard High Dividend Yield ETF

WEC Energy Group

Watsco

There are 24 stocks on my high yield watchlist for October 2022. Nearly all of the stocks on my watchlist are undervalued based on dividend yield theory.

High Yield Stock Watchlist - October 2022

BOSTON--(BUSINESS WIRE)--State Street (NYSE:STT) announced today that FundGuard has been selected to serve as a strategic accounting solution for State Street Alpha. FundGuard is a highly scalable cloud-native investment accounting, fund accounting, and contingency NAV solution. The FundGuard accounting solution will be integrated for straight through processing from portfolio management and trading in the Charles River Investment Management Solution through to custody and administration. A co-

State Street and FundGuard Announce Strategic Partnership to Deliver Accounting Solutions for State Street Alpha

State Street's stock (NYSE: STT) has lost 32% YTD, as compared to the 23% decline in the S&P500 over the same period.

What To Expect From State Street Stock?

BOSTON--(BUSINESS WIRE)--State Street Global Advisors, the asset management business of State Street Corporation (NYSE: STT), today announced the results of a global survey of institutional investors on how they view the fixed income market and how they are allocating their investments amid the ongoing market volatility. According to the survey report, The Future of Fixed Income, many investors are adding private credit investments alongside their public fixed income allocations. Additionally,

Survey: Investors Showcase Shift in Fixed Income Strategies Amid Search for Higher Returns

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) announced today that its Vice Chairman & Chief Financial Officer, Eric Aboaf, will participate in the BancAnalysts Association of Boston Conference in Boston on Thursday, November 3, 2022, at 12:45 pm ET. A webcast of the event will be accessible on State Street's Investor Relations home page at investors.statestreet.com. A recorded replay of the session will be available on the Investor Relations website later that day, and will

State Street to Participate In BancAnalysts Association of Boston Conference

Earthstone Energy

Valley National

To increase their chances of discovering value opportunities, value investors may want to look for stocks whose Graham blended multipliers are below 22.5. Created by Benjamin Graham, the father of value investing, the multiplier is equal to the stock's price-earnings ratio times its price-book ratio.

A Trio of Graham-Style Stocks to Consider

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) announced today that it has appointed Yie-Hsin Hung as president and chief executive officer (CEO) of State Street Global Advisors (Global Advisors), its asset management business. Hung succeeds Cyrus Taraporevala, whose planned retirement was announced earlier this year. She will join Global Advisors in December 2022, reporting to State Street Chairman and Chief Executive Officer Ron O'Hanley and will join State Street's Executive C

Yie-Hsin Hung Named President & CEO of State Street Global Advisors

Chevron

Having a healthy payout stream to help diversify the income of a portfolio could make all the difference in the

2 dividend stocks to help beat inflation

BancFirst

Illinois Tool Works

Mondelez

Republic Services

Terreno Realty

W. P. Carey

All stocks have at least five fiscal years of dividend growth history and come from the U.S. Dividend Champions List. They have an average increase of 9.3% and a median increase of 10.0%.

8 Upcoming Dividend Increases Including A Dividend King

I missed adding State Street to my dividend portfolio the last time its yield exceeded 3% and this time it's looking very enticing. I compared State Street to T. Rowe and BlackRock and found that State Street looks very undervalued.

State Street Is Looking Attractive Again As Its Yield Is Past 3% Again

Huntington Bancshares

KeyCorp

Financial Select Sector SPDR Fund

Capital markets issuance by U.S. banks fell to $4.65 billion in August, down nearly 28% from year-ago levels and a drop of 64% from July, S&P Global Market Intelligence said Tuesday. Senior debt remained the largest deal type in August with $3.2 billion, down 72% from July's total of about $12 billion.

News for State Street Stock (STT)