- Asset Management
- Financial Services
-
6.01
EPS
-
13.02
P/E
-
23.4B
MARKET CAP
-
3.53%
DIV YIELD
Company Overview
1 CONGRESS STREET,BOSTON MA 02114,617 786-3000
CEO
Mr. Ronald Philip O'Hanley
Employess
52568
Sector
Financial Services
Industry
Asset Management
Website
https://www.statestreet.com
State Street Corporation, through its subsidiaries, provides a range of financial products and services to institutional investors worldwide. The company offers investment servicing products and services, including custody; product accounting; daily pricing and administration; master trust and master custody; depotbank services; record-keeping; cash management; foreign exchange, brokerage and other trading services; securities finance and enhanced custody products; deposit and short-term investment facilities; loans and lease financing; investment manager and alternative investment manager operations outsourcing; performance, risk, and compliance analytics; and financial data management to support institutional investors. It also engages in the provision of portfolio management and risk analytics, as well as trading and post-trade settlement services with integrated compliance and managed data. In addition, the company offers investment management strategies and products, such as core and enhanced indexing, multi-asset strategies, active quantitative and fundamental active capabilities, and alternative investment strategies. Further, it provides services and solutions, including environmental, social, and governance investing; defined benefit and defined contribution; and global fiduciary solutions, as well as exchange-traded fund under the SPDR ETF brand. The company provides its products and services to mutual funds, collective investment funds and other investment pools, corporate and public retirement plans, insurance companies, foundations, endowments, and investment managers. State Street Corporation was founded in 1792 and is headquartered in Boston, Massachusetts.
Next Earnings Date
Oct. 16, 2024
Ex Dividends date
Oct. 11, 2024
Dividend Date
Oct. 1, 2024
YTD Performance
0.59%
Fiscal Year End
12-31
IPO Date
1980-03-17
Growth Rates
| (avg. rate of change) | 10 years | 5 years | 3 years | 1 year |
|---|---|---|---|---|
| Sales/Revenue | 1.91% | -0.06% | 0.68% | -1.67% |
| EPS | 1.84% | -4.17% | -4.07% | -22.39% |
| Equity | 1.56% | -0.81% | -3.15% | -5.53% |
| Cash | 3.12% | 3.67% | -8.66% | -13.07% |
| Return On Capital (ROIC) | 6.92% | 6.41% | 6.75% | 4.29% |
Debt
| year (millions) | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|
| Short Term Debt | 5,830 | 2,100 | 128 | 3,990 | 839 |
| Long Term Debt | 15,700 | 15,000 | 13,500 | 13,800 | 12,500 |
| LT Finance Leases | 187 | 176 | 164 | 103 | 136 |
| Shares Outstanding | 322 | 365 | 353 | 353 | 370 |
| Market Cap | 25,000 | 28,300 | 32,800 | 25,700 | 29,300 |
Price
News
ETF inflows set record high in July, State Street Global Advisors finds
2 monthsNew data shows exchange-traded fund inflows hit $127 billion last month.
cnbc.com
State Street's Matt Bartolini on record July ETF inflows
2 monthsMatt Bartolini, State Street Global Advisors managing director and head of SPDR Americas Research, joins CNBC's Bob Pisani on the ‘Halftime Report' to discuss why people are still putting money into ETFs, where the money is coming from and what to expect in August.
youtube.com
Are You Looking for a High-Growth Dividend Stock?
2 monthsDividends 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?
zacks.com
Trovata and State Street's Fund Connect Integrate to Streamline Corporate Investing
2 monthsFund Connect users get access to API-driven liquidity intelligence to maximize interest income SAN DIEGO , July 25, 2024 /PRNewswire/ -- Trovata, the leading bank API-powered platform for managing cash & liquidity, announced today an integration with State Street's Fund Connect. This integration will enable joint clients to access Fund Connect as a third-party investing and trading tool with access to over 25 leading fund managers, from the Trovata platform.
prnewswire.com
State Street (STT) Hikes Quarterly Cash Dividend by 10.1%
2 monthsState Street (STT) increases quarterly cash dividend by 10.1% to 76 cents per share. A solid balance sheet and decent liquidity are likely to help sustain the company's capital distribution plans.
zacks.com
State Street Stock Outperformed The Consensus In Q2, What's Next?
2 monthsState Street's stock (NYSE: STT) has gained 10% YTD, as compared to the 17% rise in the S&P500 over the same period. Notably, State Street's peer BNY Mellon's stock (NYSE: BK) is up 12% YTD.
forbes.com
Report: State Street Considering Several Blockchain-Based Projects
2 monthsState Street is reportedly looking at a number of options for settling payments on blockchain.
pymnts.com
The rotation into small caps is becoming real, State Street's Anna Paglia
2 monthsAnna Paglia, Executive Vice President and Chief Business Officer for State Street Global Advisors, joins CNBC's Bob Pisani on ‘ETF Edge' on the ‘Halftime Report' to discuss the rotation into small caps, the value trade and more.
youtube.com
State Street Analysts Increase Their Forecasts After Strong Earnings
2 monthsState Street Corporation STT reported better-than-expected second-quarter results on Tuesday.
benzinga.com
State Street Is Riding The Wave Of Favorable Market Conditions, Analyst Says
2 monthsRBC Capital analyst Gerard Cassidy reiterated a Sector Perform rating on the shares of State Street Corp STT and raised the price target from $85 to $91.
benzinga.com
Financial Giant's Shares Soar on EPS Beat and Record Asset Levels
2 monthsState Street NYSE: STT is a financial services firm that reported Q2 2024 financial results on Jul. 16, 2024. Shares were up 7.45% after the release as the firm beat adjusted earnings per share estimates by 12 cents.
marketbeat.com
State Street Corporation (STT) Q2 2024 Earnings Call Transcript
2 monthsState Street Corporation (NYSE:STT ) Q2 2024 Earnings Conference Call July 16, 2024 11:00 AM ET Company Participants Elizabeth Lynn - EVP and Global Head of Investor Relations Ron O'Hanley - Chief Executive Officer Eric Aboaf - Chief Financial Officer Conference Call Participants Glenn Schorr - Evercore ISI Ken Usdin - Jefferies Brennan Hawken - UBS James Mitchell - Seaport Global Securities, LLC Betsy Graseck - Morgan Stanley Mike Mayo - Wells Fargo Securities Vivek Juneja - J.P. Morgan Securities Gerard Cassidy - RBC Capital Markets Operator Good morning, and welcome to State Street Corporation's Second Quarter 2024 Earnings Conference Call and Webcast.
seekingalpha.com