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.

Business servicing wins, expansion efforts through opportunistic acquisitions, and global reach will aid State Street's financials. However, lower rates and elevated costs are near-term concerns.

State Street (STT) Rides on Strategic Buyouts, Low Rates a Woe

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) today announced it has expanded upon its market leading peer-to-peer securities finance product, Direct Access Lending -- which enables direct, principal loans between its lending clients and its borrowing clients – to now allow borrowers to post US convertible bonds as collateral to facilitate new clients and strategies entering the program. The managed peer-to-peer product has grown substantially since product launch in Q4 2019 add

State Street Announces Expansion of Direct Access Lending

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE:STT) today announced that it has been appointed as the back office servicing agent for Harbor Capital Advisors' first actively managed fully transparent fixed income ETFs that were launched in September in the U.S. The two funds are the Harbor Scientific Alpha Income ETF (SIFI), and the Harbor Scientific Alpha High-Yield ETF (SIHY). As part of the agreement, State Street will provide various ETF servicing solutions including basket creatio

State Street Appointed by Harbor Capital Advisors, Inc. For ETF Servicing

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does State Street Corporation (STT) have what it takes?

Are You Looking for a High-Growth Dividend Stock? State Street Corporation (STT) Could Be a Great Choice

JPMorgan Chase & Co

Bank OZK

The treasury yield rally, a sooner-than-expected interest rate hike and the central bank's bond tapering on the horizon have put banks like JPM, STT and OZK in the bright spot.

Yields Climb on Likely Interest Rate Hike: 3 Bank Stock Picks

BOSTON--(BUSINESS WIRE)--State Street Global Advisors Expands Fixed Income ETF Offering with Debut of SPDR® Loomis Sayles Opportunistic Bond ETF

State Street Global Advisors Expands Fixed Income ETF Offering with Debut of SPDR® Loomis Sayles Opportunistic Bond ETF

State Street Corporation (STT) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

What Makes State Street Corporation (STT) a New Buy Stock

U.S. Bancorp

These two companies made major acquisitions that should spur future growth.

2 Dividend Stocks That Just Announced Good News

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) plans to announce its third-quarter 2021 financial results on Monday, October 18, 2021 at approximately 7:30 a.m. ET. The results will be reviewed via webcast and teleconference at 10:00 a.m. ET. The conference call will be accessible on State Street's Investor Relations website at http://investors.statestreet.com and by telephone at (833) 380-0399 or (236) 714-2093 (Conference ID# 7539853). Materials will also be available on State

State Street Corporation Announces Date for Release of Third-Quarter 2021 Financial Results and Conference Call Webcast

Invesco

Invesco Ltd. is in talks to merge with State Street Corp.'s asset-management business, people familiar with the matter said.

Invesco in talks to merge with State Street's asset-management business

Invesco (IVZ) is in talks over a potential merger with State Street's (STT) asset-management business.

Invesco (IVZ) in Merger Talks With State Street (STT) Unit

The shares of investment management company Invesco Ltd (NYSE:IVZ) are surging this morning, up 7.6% to trade at $26.79 at last check.

Invesco Stock Pops on Rumored Merger Talks

BOSTON--(BUSINESS WIRE)--State Street Corporation (“State Street”) (NYSE: STT) today announced the pricing of an underwritten public offering of 21,724,217 shares of its common stock at a public offering price of $87.60 per share. The offering is being conducted as a public offering registered under the Securities Act of 1933, as amended. The offering is expected to close on September 14, 2021, subject to customary closing conditions. State Street intends to use the net proceeds from this offer

State Street Corporation Prices Common Stock Offering

BOSTON--(BUSINESS WIRE)--State Street Corporation (“State Street”) (NYSE: STT) today announced that it intends to sell 21,724,217 shares of its common stock in an underwritten public offering. The offering will be conducted as a public offering registered under the Securities Act of 1933, as amended. All of the shares in the offering are to be sold by State Street. State Street intends to use the net proceeds from this offering to fund a portion of the cash consideration payable for, and certai

State Street Corporation Announces Public Offering of Common Stock

State Street (STT) signs agreement to buy the investor services arm of Brown Brothers Harriman for $3.5 billion in cash, propelling a $5-trillion-plus boost to its assets under custody.

State Street (STT) to Acquire Brown Brothers' Unit for $3.5B

State Street Corp. is making its largest acquisition since 2007 to become even bigger and more international in one of its core practices, investor services.

State Street is making its largest acquisition since 2007 to build up its investor services practice

Financial services giant State Street Corp. ( STT , Financial) announced before the opening bell on Tuesday it has agreed to acquire the investor services business of Brown Brothers Harriman & Co., creating the world's top provider of asset servicing.

State Street Shares Fall on Brown Brothers Harriman Acquisition Announcement

The Boston-based financial services giant said the deal would make it the world's largest asset servicer.

State Street to Buy Brown Brothers Harriman's Investor Services Arm for $3.5 Billion

BOSTON & NEW YORK--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) and Brown Brothers Harriman & Co. (BBH) today announced that they have entered into a definitive agreement for State Street to acquire BBH's Investor Services business, including its custody, accounting, fund administration, global markets and technology services, for $3.5 billion in cash. Following the transaction, BBH will continue to independently own and operate its separate Private Banking and Investment Managemen

State Street to Acquire Brown Brothers Harriman Investor Services

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE:STT) today announced that it has been appointed by my529 to provide a variety of investment servicing solutions to help streamline my529's investment operations. my529, Utah's official nonprofit 529 educational savings plan, is a direct-sold 529 college savings plan available to residents of any state and currently has over $20 billion in assets under management1. “We are very pleased to announce this appointment with my529,” said Chris Co

State Street Announces Appointment by my529 to Provide Range of Investment Servicing Solutions

TO: ALL PERSONS WHO OWN SHARES OF STATE STREET CORPORATION COMMON STOCK AS OF JUNE 24, 2021 (“SHAREHOLDERS”):

Settlement Notice: State Street Corporation

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE:STT) today announced that its Collateral + business is operational with DTCC's Margin Transit Utility (MTU), which has been designed for simplifying the transfer of collateral among market participants. By leveraging MTU, State Street's Collateral+ business will now be able to more efficiently validate, enrich, settle, report and monitor third party collateral while easily connecting to and sharing information with multiple counterparties

State Street Announces that Collateral+ is Now Connected to DTCC's Margin Transit Utility (MTU)

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE:STT) announced today that its Chief Operating Officer, Lou Maiuri, and its Chief Financial Officer, Eric Aboaf, will participate in the Barclays Global Financial Services Conference, to be held virtually, on Monday, September 13, 2021, at 10:30 am 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 Relat

State Street Announces Chief Operating Officer and Chief Financial Officer to Participate in Barclays Global Financial Services Conference

LONDON--(BUSINESS WIRE)--State Street Appoints New Country Heads for Germany, Luxembourg and Switzerland

State Street Appoints New Country Heads for Germany, Luxembourg and Switzerland

State Street, one of the world's largest asset managers, is shutting down its two midtown Manhattan offices as the Wall Street firm embraces a hybrid working model.

News for State Street Stock (STT)