State Street Corporation (STT)
| Market Cap | 28.79B |
| Revenue (ttm) | 12.55B |
| Net Income (ttm) | 1.93B |
| Shares Out | 293.15M |
| EPS (ttm) | 6.30 |
| PE Ratio | 15.58 |
| Forward PE | 10.58 |
| Dividend | $3.04 (3.10%) |
| Ex-Dividend Date | Oct 1, 2024 |
| Volume | 2,637,284 |
| Open | 95.45 |
| Previous Close | 95.42 |
| Day's Range | 94.83 - 98.63 |
| 52-Week Range | 70.20 - 101.91 |
| Beta | 1.46 |
| Analysts | Buy |
| Price Target | 97.71 (-0.5%) |
| Earnings Date | Jan 17, 2025 |
About STT
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, accounting, regulatory reporting, investor, and performance and analytics; middle office products, such as IBOR, transaction management, loans, cash, derivatives and collateral, record keeping, and client reporting and investment analytics; finance leasing; foreign exchange, and brokerage and other trading services; securiti... [Read more]
Financial Performance
In 2023, State Street's revenue was $11.90 billion, a decrease of -1.89% compared to the previous year's $12.13 billion. Earnings were $1.82 billion, a decrease of -31.54%.
Financial StatementsAnalyst Forecast
According to 14 analysts, the average rating for STT stock is "Buy." The 12-month stock price forecast is $97.71, which is a decrease of -0.50% from the latest price.
News
State Street Corporation Declares Common Stock Dividend
BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) today announced a quarterly cash dividend of $0.76 per share of common stock, payable on January 13, 2025 to common shareholders of record...
State Street Announces Three Additional Bank Partnerships to Support Minority Depository Institutions and Community Development Financial Institutions
BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) today announced that it has placed an additional round of deposits through three Minority Depository Institutions (MDIs) and Community Dev...
Easing Regulations To Help State Street's Stock?
State Street's stock (NYSE: STT) , a company that provides a variety of financial services to institutional investors, has fared well this year, rising by about 29% year-to-date. This compares to peer...
State Street Appoints Majed Al Hassoun as Head of KSA and Bahrain
RIYADH, Saudi Arabia--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) today announced the appointment of Majed Al Hassoun as Country Head Saudi Arabia and Bahrain, to drive and execute the firm'...
KBW Announces Index Rebalancing for Fourth-Quarter 2024
NEW YORK, Dec. 13, 2024 (GLOBE NEWSWIRE) -- Keefe, Bruyette & Woods, Inc., a leading specialist investment bank to the financial services and fintech sectors, and a wholly owned subsidiary of Stifel F...
State Street Global Advisors Study Finds Assets in Model Portfolios Rising as Advisors Focus on Efficiency, Holistic Planning and Client Satisfaction
BOSTON--(BUSINESS WIRE)--State Street Global Advisors, the asset management business of State Street Corporation (NYSE: STT) today released the results of its Model Portfolios: Adaptive Solutions for ...
State Street Announces Partnership with Harris | Oakmark for State Street Alpha®
BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) announced today that Harris | Oakmark has gone live with State Street Alpha®, the firm's front-to-back asset servicing platform for instit...
State Street Corporation (NYSE: STT) Announces Date for Release of Fourth-Quarter and Full-Year 2024 Financial Results and Conference Call Webcast
BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) plans to announce its fourth-quarter and full-year 2024 financial results on Friday, January 17, 2025 at approximately 7:30 a.m. ET. A con...
Stocks and bonds haven't moved together like this in three decades – and that's putting portfolios at risk, says State Street
A so-called balanced portfolio is anything but given the correlation of stock and bond returns as well as concentration in stocks.
State Street Global Advisors' 2025 Global Market Outlook: Finding the Right Path
BOSTON--(BUSINESS WIRE)--State Street Global Advisors, the asset management business of State Street Corporation (NYSE: STT), today launched its 2025 Global Market Outlook: Finding the Right Path, out...
State Street to Speak at the Goldman Sachs 2024 U.S. Financial Services Conference
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, wi...
BlackRock, State Street, Vanguard sued by GOP states over ESG goals
"The American consumer is entitled to enjoy the fruits of free markets, vigorous competition, and (in the case of BlackRock) honest investment managers," the complaint said.
State Street Announces Issuance of $2.25 Billion of Senior Debt
BOSTON--(BUSINESS WIRE)--State Street Corporation (“State Street”) (NYSE: STT) announced today an issuance of $2.25 billion in aggregate principal amount of senior debt by its principal banking subsid...
Capitolis Announces New Strategic Investments from Citi, Morgan Stanley, State Street and UBS
NEW YORK--(BUSINESS WIRE)--Capitolis, the technology company helping to create safer and more vibrant capital markets, today announced new strategic investments from four leading global banks. The new...
State Street Global Advisors Forms Strategic Relationship With Bridgewater Associates
BOSTON & WESTPORT, Conn.--(BUSINESS WIRE)--State Street Global Advisors, the asset management business of State Street Corporation (NYSE: STT), announced today that it is joining forces with Bridgewat...
Gold is still on track despite severe selloff - State Street's George Milling-Stanley
Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include cover...
SPDR® Gold Shares (GLD®) Celebrates 20 Years as State Street Global Advisors Survey Indicates Investors Have Increased Allocations to Gold Amid Economic Uncertainty
BOSTON--(BUSINESS WIRE)--State Street Global Advisors, the asset management business of State Street Corporation (NYSE: STT), and the World Gold Council, the market development organization for the go...
State Street Names Patricia Halliday to Board of Directors
BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE:STT) today announced the election of Patricia Halliday to its Board of Directors. Ms. Halliday, age 58, has more than three decades of financial...
State Street Corporation Declares Dividends on its Non-Cumulative Perpetual Preferred Stock Series “G,” “I,” and “J”
BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) today announced a cash dividend on each of the below outstanding series of non-cumulative perpetual preferred stock: Series G (represented...
Gold May Have Further Upside, State Street Says
George Milling-Stanley, chief gold strategist at State Street Global Advisors, discusses the precious metal's rally and its outlook. Gold reached a record in early Asian trading on Wednesday.
State Street Global Advisors Invites All Investors to Help Us Attempt to Set a GUINNESS WORLD RECORDS™ Title in Times Square and Celebrate Our Commitment to Helping Investors Reach Their Financial Goals
BOSTON--(BUSINESS WIRE)--State Street Global Advisors, the asset management business of State Street Corporation (NYSE: STT) invites all investors to Times Square, the crossroads of the world, on Tues...
State Street Announces Issuance of $2.3 Billion of Senior Debt
BOSTON--(BUSINESS WIRE)--State Street Corporation (“State Street”) (NYSE: STT) announced today an issuance of $2.3 billion in aggregate principal amount of senior debt. The offering, which closed toda...
Asset managers headed for increasingly lean years, study says
Profitability at asset managers has slipped for the past two years and is likely to decline further through 2028 as investors increasingly opt for products with lower fees, such as exchange-traded fun...
State Street's Heinel Sees Bumps on Way to Soft Landing
State Street Global Advisors Global CIO Lori Heinel recommends being more diversified in the current market environment. Speaking on "Bloomberg The Close," Heinel also comments on the state of the oil...
State Street Corporation (STT) Q3 2024 Earnings Call Transcript
State Street Corporation (NYSE:STT) Q3 2024 Earnings Conference Call October 15, 2024 12:00 PM ET Company Participants Elizabeth Lynn - Global Head, Investor Relations Ron O'Hanley - Chief Executive ...