State Street Corporation (STT)
| Market Cap | 22.25B |
| Revenue (ttm) | 11.98B |
| Net Income (ttm) | 1.71B |
| Shares Out | 301.26M |
| EPS (ttm) | 5.40 |
| PE Ratio | 13.68 |
| Forward PE | 9.15 |
| Dividend | $2.76 (3.74%) |
| Ex-Dividend Date | Jul 1, 2024 |
| Volume | 1,582,329 |
| Open | 73.47 |
| Previous Close | 73.56 |
| Day's Range | 73.20 - 73.96 |
| 52-Week Range | 62.78 - 79.90 |
| Beta | 1.50 |
| Analysts | Hold |
| Price Target | 83.86 (+13.54%) |
| Earnings Date | Jul 16, 2024 |
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 $11.95 billion, a decrease of -1.67% compared to the previous year's $12.15 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 "Hold." The 12-month stock price forecast is $83.86, which is an increase of 13.54% from the latest price.
News
This is how much the largest 20 U.S. banks raised dividends after stress tests
With another round of Federal Reserve stress tests in the books, many large U.S. banks have already announced dividend increases. Analysts at Jefferies compiled the data in a report sent to clients ea...
State Street Corporation Announces Planned 10% Dividend Increase and Preliminary Stress Capital Buffer Requirement
BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) today announced its intention to increase its per share common stock dividend by 10% to $0.76 in the third quarter of 2024, subject to con...
State Street, Galaxy Digital team up for new crypto ETF products
State Street and Galaxy Digital have announced a collaboration aimed at bringing a new range of digital asset investment strategies and products to investors. According to a press release, the two com...
State Street Global Advisors and Galaxy Asset Management Join Forces to Introduce Investors to The Next Evolution of Digital Asset Investing
BOSTON & NEW YORK--(BUSINESS WIRE)--State Street Global Advisors, the asset management business of State Street Corporation (NYSE: STT), and Galaxy Asset Management1, an affiliate of Galaxy Digital Ho...
29% of North American financial advisors to increase gold allocation through 2025 - State Street-World Gold Council
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...
Amid Economic, Geopolitical Uncertainties, Majority of Financial Advisors Expect To Increase or Maintain Allocations To Gold
BOSTON--(BUSINESS WIRE)--State Street Global Advisors, the asset management business of State Street Corporation (NYSE: STT) and the World Gold Council, today released the results of its Gold Percepti...
Big City Optical Announces New Gold Coast Location on State Street
Chicago, June 14, 2024 (GLOBE NEWSWIRE) -- Chicago, Illinois - Big City Optical, a family-owned leader in optometry and optical retail, has announced the grand opening of its latest store in Chicago's...
Investors Have Less Conviction in Bets, State Street Says
State Street's Global Chief Investment Officer Lori Heinel says investors have "become accustomed" to geopolitical risk coming from the US and other regions in the world. Speaking on Bloomberg Televis...
Charles River® and Octaura Launch Two-Way Interface for Simplified Syndicated Loan Trading
BOSTON--(BUSINESS WIRE)--Charles River Development, a State Street Company, today announced the launch of its two-way interface with Octaura LL Trading Co., LLC. The interface allows Charles River and...
State Street Announces Next Round of Deposits to Minority Depository Institutions and Community Development Financial Institutions
BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) today announced that it has made deposits with three mission-driven minority depository institutions (MDIs) including Carver State Bank, C...
The bank stocks that conservative investors should consider
That's for at least two reasons. The first is higher interest rates: Many commercial mortgages are five-year balloons, which means that many loans extended at low rates in 2019 are repricing this year...
Tech, AI Bubble Not About to Pop, State Street Says
Marija Veitmane, head of equity research at State Street Global Markets, says the artificial intelligence discourse is dominating equity markets and although "tech is kind of in a bubble of itself in ...
State Street Global Advisors Study: Advisors Capture Four Influential Investor Segments With A Combination of Old Fashioned Collaboration and Modern Technology
BOSTON--(BUSINESS WIRE)--State Street Global Advisors, the asset management business of State Street Corporation (NYSE: STT), released the results of its 2024 Influential Investor Segment Study, a com...
State Street Corporation (NYSE: STT) Announces Date for Release of Second-Quarter 2024 Financial Results and Conference Call Webcast
BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) plans to announce its second-quarter 2024 financial results on Tuesday, July 16, 2024 at approximately 7:30 a.m. ET. A conference call to ...
Outsourced Trading Improved 83% of Asset Managers' and Asset Owners' Investment Performance, According to State Street's Global Outsourced Trading Market and Outlook Survey
BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) today released important findings from the firm's most recent research survey that can be found in a new report, The Outsourced Trading Ad...
State Street to Speak at the Morgan Stanley US Financials Conference
BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) announced today that its Vice Chairman and Chief Financial Officer, Eric Aboaf, will present at the Morgan Stanley US Financials Conferenc...
State Street Global Advisors Expands its Low-Cost SPDR® Portfolio ETF™ Suite with Debut of the SPDR® Portfolio Treasury ETF
BOSTON--(BUSINESS WIRE)--State Street Global Advisors, the asset management business of State Street Corporation (NYSE: STT), today announced the launch of the SPDR® Portfolio Treasury ETF (SPTB). SPT...
State Street Corporation Declares Dividends on its Common Stock and Non-Cumulative Perpetual Preferred Stock Series “G,” “H,” and “I”
BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE:STT) today announced a quarterly cash dividend of $0.69 per share of common stock, payable on July 11, 2024 to common shareholders of record at ...
State Street Questions 2% Inflation Target in ‘New Environment'
Marvin Loh, senior global macro strategist at State Street, says the market tailwind for expected rate cuts is “powerful,” but it is time to think about how deep or shallow the Federal Reserve's cutti...
Gold needs to test support but prices can still end the year much higher - State Street's Milling-Stanley
(Kitco News) - Although the Federal Reserve has been cryptic regarding the timing of its easing cycle, the central bank is firm that it is not looking to raise interest rates anymore, which should ult...
State Street CEO on Capital Markets, Economy and AI
State Street CEO Ron O'Hanley says there is still strong resilience in the global economy and believes that the US has led the way in sustaining it. Speaking with Bloomberg on the sidelines of the Mil...
State Street CEO on Dubai Reopening
Yie-Hsin Hung, State Street Global Advisors CEO, discusses reopening Dubai offices and Fed rate cuts. She speaks with Joumanna Bercetche and Jennifer Zabasajja on Bloomberg Horizons: Middle East & Afr...
Charles River® Appoints Vin Bhat as New Head of Asia-Pacific
SINGAPORE--(BUSINESS WIRE)--Charles River Development (CRD), a State Street Company, has appointed Vinayak Bhat (Vin) as senior vice president (SVP), head of Asia Pacific (APAC), where he will be resp...
State Street Names Elizabeth Lynn to Global Head of Investor Relations
BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) today announced the appointment of Elizabeth (Liz) Lynn to executive vice president and global head of Investor Relations. Lynn will repor...
State Street to Participate in Bernstein's 40th Annual Strategic Decisions Conference
BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) announced today that its Chairman and Chief Executive Officer, Ron O'Hanley, and Vice Chairman and Chief Financial Officer, Eric Aboaf, wi...