State Street Corporation (STT)
| Market Cap | 27.94B |
| Revenue (ttm) | 12.55B |
| Net Income (ttm) | 1.93B |
| Shares Out | 293.15M |
| EPS (ttm) | 6.30 |
| PE Ratio | 15.12 |
| Forward PE | 10.41 |
| Dividend | $3.04 (3.19%) |
| Ex-Dividend Date | Oct 1, 2024 |
| Volume | 1,351,008 |
| Open | 95.30 |
| Previous Close | 94.71 |
| Day's Range | 94.58 - 95.41 |
| 52-Week Range | 68.99 - 98.45 |
| Beta | 1.48 |
| Analysts | Hold |
| Price Target | 92.50 (-2.94%) |
| 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 "Hold." The 12-month stock price forecast is $92.5, which is a decrease of -2.94% from the latest price.
News
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 ...
S&P Global Appoints Eric Aboaf as Chief Financial Officer
NEW YORK , Oct. 15, 2024 /PRNewswire/ -- S&P Global (NYSE: SPGI) today announced the appointment of Eric Aboaf as Chief Financial Officer, effective February 2025. As an Executive Vice President and m...
State Street Corporation (NYSE: STT) Reports Third-Quarter 2024 Financial Results
BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) reported its third-quarter 2024 financial results today. The news release, presentation and additional financial information can be access...
State Street CFO to Depart for New Position Following Transition Period
BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) today announced that Eric Aboaf, vice chairman and chief financial officer (CFO), has made the decision to accept a new opportunity outsid...
The soft-landing outcome remains intact, says State Street's Michael Arone
CNBC's Mike Santoli, State Street's Michael Arone and KBW's David Konrad, joins 'Power Lunch' to discuss the economy, banks and earnings.
State Street Expands Strategic Growth in Mexico as Part of Latin America Commitment
BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) announced today its continued strategic expansion into Mexico, marking a significant milestone in its broader growth strategy for Latin Am...
Is State Street Corporation A Value Play or Value Trap?
Shares of State Street Corporation (STT, Financial) have proved an excellent investment of late. The stock has delivered a total return of roughly 33% over the past year.
State Street Appointed by TCW to Provide Investment Services
BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) and TCW announced today an expansion of their decades-long partnership that now includes the provision of middle office services. This eng...
State Street Extends ETF Servicing Relationship with VanEck
BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) today announced an extension of its exchange traded fund (ETF) and mutual fund servicing relationship with VanEck, a leading global asset ...
State Street Appoints Vanessa Fernandes as Head of Digital Assets
BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) today announced the appointment of Vanessa Fernandes as head of Digital Asset Solutions. Fernandes, who will be based in New Jersey, will ...
13 Upcoming Dividend Increases Including 2 Kings
Next week features 13 dividend increases, including Illinois Tool Works (7.4%) and Federal Realty Investment Trust (0.9%), both Dividend Kings. My strategy focuses on buying, holding, and adding compa...
State Street Global Advisors Launches Industry's First Actively Managed Corporate and Municipal Target Maturity ETFs
BOSTON--(BUSINESS WIRE)--State Street Global Advisors, the asset management business of State Street Corporation (NYSE: STT) today announced the introduction of its SPDR® SSGA MyIncome ETFs – the firs...
State Street: Strong Regulatory Capital And Positives Outweigh The Negatives (Rating Upgrade)
Despite trading above its 200-day SMA, State Street is still undervalued to key peers on the P/E ratio, presenting a value opportunity. 3% dividend yield, past dividend growth, and future prospects fo...
State Street Announces Additional Round of Deposit Placements through Minority Depository Institutions and Community Development Financial Institutions
BOSTON--(BUSINESS WIRE)--State Street has placed an additional round of deposits through two MDIs and CDFIs.
U.S. outlook is positive, while Europe remains on the 'back foot,' State Street says
Marija Veitmane, head of equity research at State Street Global Markets, says the U.S. economy looks strong, while Europe is facing pressures.