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.

The shares of State Street Corp (NYSE: STT) have received a price target increase from $94 to $103 from Keefe Bruyette. These are the details.

STT Stock Price: $103 Target From Keefe Bruyette

(Kitco News) - The Federal Reserve has created some panic selling in the precious metal markets after its economic projections Wednesday showed the potential for two rate hikes in 2023. However, one market strategist said that investors are overreacting to the estimates.

Is this time to buy? Gold price down 4% as investors panic - State Street Global Advisors

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) plans to announce its second-quarter 2021 financial results on Friday, July 16, 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# 2488549). Materials will also be available on State St

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

BOSTON--(BUSINESS WIRE)-- #FixedIncome--Key Private Bank has consolidated management of its portfolio management capabilities onto the Charles River Wealth Management Solution.

Key Private Bank Expands Use of Charles River® Wealth Management Solution

Bank of America

Citigroup

Goldman Sachs

JPMorgan Chase & Co

Morgan Stanley

Wells Fargo

As operating backdrop normalizes, major banks like JPMorgan (JPM), State Street (STT), Morgan Stanley (MS), Wells Fargo (WFC), Citi (C), Bank of America (BAC) & Goldman (GS) see their businesses reverting back to pre-pandemic levels.

Banks Provide Q2 View as Capital Markets Business Normalizes

State Street Corp (NYSE:STT), the second-oldest operating US bank, said its asset management arm has launched a range of climate bond funds to help investors shift their exposure away from carbon emissions and fossil fuels and “fund the transition to a low-carbon future”. On Monday, the company said the three funds will be benchmarked to the Bloomberg Barclays US, Euro and Global Corporate Bond Indices and will use ESG data to “significantly reduce portfolio carbon intensity while also excluding controversial issuers”.

State Street launches climate bond to cut down exposure to fossil fuels

In a Thursday memo, State Street Corp. ( STT , Financial) announced that it is creating a digital finance division called State Street Digital, which will serve as “an investment in the future” of the financial sector as it evolves.

State Street Digital: Ready for the Future of Finance

State Street is creating a digital finance division focused on cryptocurrency and blockchain technology as client interest increases.

State Street is creating a dedicated cryptocurrency division

BOSTON--(BUSINESS WIRE)--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. “The financial industry is transforming to a digital economy, and we see digital assets as one o

State Street Launches New Division Dedicated to Digital Finance

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) today announced strategic engagements with leading industry and education-focused organizations that advocate for and support the advancement of Black and Latinx professionals in financial services, including within the asset management industry. As part of its commitment to combating racial inequities within the global asset management industry, State Street will work with four organizations with a goal of providing career explorati

State Street Announces Strategic Engagements with Industry Groups to Increase Representation of Black and Latinx Talent in the Asset Management Industry

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE:STT) today announced the appointment of Jason Knight as global head of the firm's Insurance segment. In this role, Knight will be responsible for creating and executing the Insurance Segment's strategy globally, and will work closely with senior leadership in sales, product, as well as State Street's other business lines to ensure delivery of an outstanding client experience. Knight joins State Street from BNY Mellon, where he was most rec

State Street Appoints Industry Expert to Lead Insurance Segment Globally

BOSTON--(BUSINESS WIRE)--State Street Global Advisors, the asset management business of State Street Corporation (NYSE: STT), today announced that Lynn Blake, Chief Investment Officer, Global Equity Beta Solutions (GEBS) will be retiring on September 30, 2021, after a distinguished career with State Street spanning over three decades. John Tucker will be promoted to the role upon Blake's retirement. Tucker began his career at State Street Global Advisors in 1990 and has held a number of senior

State Street Global Advisors Announces Lynn Blake Will Retire Following Distinguished and Impactful Career

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) today announced an expansion of its relationship with Aberdeen Standard Investments (ASI) by being appointed the service provider for two of the firm's ETF funds. These two ETF funds have converted from being serviced by another provider to State Street in order to better control costs and maximize efficiencies. “Our growing relationship with Aberdeen Standard Investments underscores State Street's differentiated leadership in the ET

State Street Bolsters Global Relationship with Aberdeen Standard Investments By Servicing ETF Funds

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE:STT) announced today that Chief Executive Officer of State Street Institutional Services, Francisco Aristeguieta, and Chief Financial Officer, Eric Aboaf, will participate in Morgan Stanley's US Financials Conference, to be held virtually, on Monday, June 14, 2021, at 9:30 am ET. The 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

State Street Announces Chief Executive Officer of State Street Institutional Services and Chief Financial Officer to Participate in Morgan Stanley's US Financials Conference

State Street stock, a custody banking giant, has gained roughly 19% – increasing from about $73 at the beginning of 2021 to around $86 currently, outperforming the S&P500, which grew 11% over the same period. The U.S bank stocks have made strong gains since the start of 2021 and the rise in.

State Street Stock Is Slightly Undervalued

State Street (STT) enters a deferred prosecution agreement and agrees to pay $115 million criminal fine to settle charges that it deceived customers by overcharging them for back-office expenses.

State Street (STT) Agrees to Pay a Criminal Penalty of $115M

State Street Corp agreed to pay a $115 million criminal penalty and enter a deferred prosecution agreement to resolve charges it defrauded customers by secretly overcharging them for expenses, the U.S. Department of Justice said on Thursday.

State Street agrees to pay $115 million criminal fine for customer overcharges -Justice Dept

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE:STT) announced today that its Chairman & Chief Executive Officer, Ron O'Hanley, and its Chief Financial Officer, Eric Aboaf, will participate in Bernstein's Annual Strategic Decisions Conference, to be held virtually, on Wednesday, June 2, 2021, at 10:00 am ET. The 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 th

State Street Announces Chairman & Chief Executive Officer and Chief Financial Officer to Participate in Bernstein's Annual Strategic Decisions Conference

While State Street's (STT) global reach, efforts to upgrade operations technologically and strong balance sheet will keep aiding growth, elevated costs will likely hurt profits.

Here's Why it is Best to Hold State Street (STT) Stock for Now

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE:STT) today announced the launch of a new Bitcoin Thematic Indicator series to help contextualize the rising popularity of Bitcoin and how it is impacting more traditional financial markets. The series quantifies media coverage of Bitcoin, measuring the intensity or prevalence relative to all news of the day, as well as the sentiment of news over a period of time. This new indicator series expands the State Street MediaStats Thematic Indica

State Street Expands MediaStats Indicator Offering with New Bitcoin Thematic Indicator

BOSTON & LONDON--(BUSINESS WIRE)--State Street Corporation (NYSE:STT) today announced that it has appointed Aman Thind to executive vice president and global chief architect. In this role Thind will report to Brian Franz, global chief information officer. Thind is responsible for designing the strategy and driving implementation of State Street's technology transformation and interoperable infrastructure. He will also play an integral role in advancing the company's technology innovation includ

State Street Appoints Global Chief Architect

PepsiCo

State Street Corp's asset-management arm said it would join other big investment firms pushing to limit greenhouse gas emissions to net zero by 2050, part of a rush by large companies to embrace climate goals.

State Street, PepsiCo offer new goals ahead of U.S. climate summit

TOKYO--(BUSINESS WIRE)--Charles River Development announces Nomura Asset Management Co., Ltd. is expanding their use of the Charles River Investment Management Solution.

Nomura Asset Management Co., Ltd. Expands Use of Cloud-Based Charles River IMS

BOSTON & NEW YORK--(BUSINESS WIRE)--State Street (NYSE:STT) today announced a strategic engagement with S&P Global Trucost that brings together State Street's newly announced ESG Risk Analytics and Reporting capabilities and Trucost's highly regarded climate data and analytics. The agreement will allow State Street to overlay Trucost's data intelligence on the risks and opportunities of climate change to build on State Street's existing client-focused ESG services, offering available intell

State Street and S&P Global Trucost Announce ESG Strategic Engagement

State Street Corporation (STT) CEO Ron O'Hanley on Q1 2021 Results - Earnings Call Transcript

News for State Street Stock (STT)