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State Street Corporation (STT)

Stock Price: $81.57 USD 2.15 (2.71%)
Updated Mar 8, 2021 1:27 PM EST - Market open
Market Cap 27.94B
Revenue (ttm) 11.70B
Net Income (ttm) 2.26B
Shares Out 352.87M
EPS (ttm) 6.32
PE Ratio 12.91
Forward PE 11.89
Dividend $2.08
Dividend Yield 2.55%
Trading Day March 8
Last Price $81.57
Previous Close $79.42
Change ($) 2.15
Change (%) 2.71%
Day's Open 80.39
Day's Range 79.49 - 81.82
Day's Volume 1,040,250
52-Week Range 40.67 - 81.82

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ETF Trends - 2 days ago

The recent sell-offs may have investors wondering where they should turn. One place to look at is small cap growth with ETFs like the SPDR S&P 600 Small Cap Growth ETF (SLYG).

Business Wire - 3 days ago

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE:STT) today announced the election of Julio Portalatin and John Rhea to its Board of Directors, effective immediately. Mr. Portalatin, ag...

Business Wire - 3 days ago

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE:STT) today announced that it has issued $850 million senior subordinated bonds at a coupon of 2.20 percent. The offering, which closed y...

Business Wire - 5 days ago

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE:STT) today announced the release of a new Peer-to-Peer Repo program for the buy-side. Building from its market-leading position in spons...

Business Wire - 6 days ago

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE:STT) today announced that it has been appointed as the fund administrator and transfer agent of the VanEck Bitcoin Trust (‘The Trust') a...

Business Wire - 1 week ago

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) today announced the first trade with ICE Clear U.S., a clearing house owned by Intercontinental Exchange, Inc. (NYSE: ICE), as a s...

Other stocks mentioned: ICE
Business Wire - 1 week ago

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE:STT) announced today that its Chief Financial Officer, Eric Aboaf, will participate in the RBC Capital Markets Global Financial Institut...

Business Wire - 2 weeks ago

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) today announced a quarterly cash dividend of $0.52 per share of common stock, payable on April 12, 2021 to common shareholders of ...

Zacks Investment Research - 2 weeks ago

State Street Corporation (STT) reported earnings 30 days ago. What's next for the stock?

GuruFocus - 2 weeks ago

Value investors may want to consider the three stocks listed below, as their share prices are trading below their respective Peter Lynch earnings lines, indicating they could be undervalued. S...

Other stocks mentioned: DISH, ETR
Business Wire - 2 weeks ago

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE:STT) today announced that Theresa McLaughlin has been named the firm's new global chief marketing officer. McLaughlin joins from TD Bank...

Business Wire - 3 weeks ago

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE:STT) announced today that its Chief Financial Officer, Eric Aboaf, will participate in the Credit Suisse Virtual Financial Services Foru...

CNBC International TV - 1 month ago

China's new anti-monopoly rules are long-term positive for financial markets: State Street

China's new anti-monopoly rules targeting tech giants could cause some short-term market volatility, but investors would eventually embrace them as it helps with transparency, says Daniel Gera...

ETF Trends - 1 month ago

With yields low and some states facing fiscal challenges, active management and municipal bonds could be an ideal match for many income investors. State Street Global Advisors and Nuveen are t...

ETFcom - 1 month ago

The new fund targets the municipal bond space and leverages Nuveen's expertise.

Business Wire - 1 month ago

BOSTON--(BUSINESS WIRE)--State Street Global Advisors Expands Fixed Income ETF Offering with Its First Actively Managed Municipal Bond ETF

Forbes - 1 month ago

After around a 63% gain since the March 23 lows of the last year, at the current price of $70 per share, we believe State Street Stock has more room for growth. State Street, the custody banki...

Business Wire - 1 month ago

BOSTON--(BUSINESS WIRE)--State Street Global Advisors, the asset management business of State Street Corporation (NYSE: STT), today announced plans to close and liquidate the following ETFs (t...

Business Insider - 1 month ago

State Street Corp. will eliminate 1,200 jobs in the coming year, CFO Eric Aboaf announced during the company's quarterly earnings call Tuesday. Employees affected by the job cuts at the Boston...

Seeking Alpha - 1 month ago

State Street Corporation (STT) CEO Ronald O'Hanley on Q4 2020 Results - Earnings Call Transcript

Zacks Investment Research - 1 month ago

State Street (STT) records lower revenues and expenses in the fourth quarter of 2020.

Benzinga - 1 month ago

Shares of State Street (NYSE:STT) moved lower by 1% in pre-market trading after the company reported Q4 results. Quarterly Results Earnings per share decreased 14.65% year over year to $1.69, ...

Business Wire - 1 month ago

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) reported its fourth-quarter and full-year 2020 financial results today. The news release, presentation, and additional financial i...

Zacks Investment Research - 1 month ago

While low rates are likely to have hurt State Street's (STT) Q4 earnings, fee revenues and manageable expense level might have offered some support.

Business Wire - 1 month ago

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE:STT) today announced that it will redeem $500 million, or 5,000 of its 7,500 outstanding shares, of its non-cumulative perpetual preferr...

Business Wire - 1 month ago

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE:STT) today announced a quarterly cash dividend on each of the below outstanding series of non-cumulative perpetual preferred stock: Seri...

Business Wire - 1 month ago

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE:STT) today announced that its Brazilian bank has begun to offer full foreign exchange (FX) trading capabilities and sales operations. St...

Business Wire - 2 months ago

LONDON--(BUSINESS WIRE)--PIMCO, Man Group, IHS Markit, State Street, Microsoft and McKinsey & Company today announced the intention to form a new technology-led company, HUB, to build a cloud-...

Other stocks mentioned: INFO
Seeking Alpha - 2 months ago

State Street hired Goldman Sachs to find a buyer for its asset management division. State Street's focus is on developing a new platform to compete with Bloomberg and BlackRock.

Business Wire - 2 months ago

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) plans to announce its fourth-quarter and full-year 2020 financial results on Tuesday, January 19, 2021 at approximately 7:30 a.m. ...

Zacks Investment Research - 2 months ago

The results of the second round of stress test, following which the Fed eased restrictions on capital deployment by banks, highlight capital adequacy of the banking sector.

Other stocks mentioned: BK, C, GS, JPM, MS, WFC
Business Wire - 2 months ago

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) today commented on the results of its 2020 resubmission stress test, included in the Federal Reserve's supervisory stress test res...

Business Wire - 2 months ago

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE:STT) today announced a quarterly cash dividend of $0.52 per share of common stock, payable on January 19, 2021 to common shareholders of...

Forbes - 2 months ago

We believe that State Street stock has a limited upside potential of 10% in the near term. STT trades at $72 currently and has gained 9% in value year-to-date.

Business Wire - 2 months ago

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE:STT) today launched its State Street AlphaSM Data Platform, an end-to-end data management and warehouse solution for institutional inves...

Forbes - 2 months ago

See two of the featured stocks from this month's model portfolios.

Other stocks mentioned: MGM
Zacks Investment Research - 2 months ago

With an aim to maintain competitiveness, State Street (STT) is mulling several strategic options for its asset management arm - State Street Global Advisors.

GlobeNewsWire - 2 months ago

Company announcement no. 41/2020

Other stocks mentioned: SICRF
Business Wire - 2 months ago

NEW YORK--(BUSINESS WIRE)--Lukka, the leading crypto asset software and data provider, announced it has completed its Series C funding led by State Street Corporation (NYSE:STT) with participa...

Other stocks mentioned: SPGI
Business Wire - 3 months ago

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE:STT) today announced that it has extended its investment servicing relationship with Glenmede Investment Management L.P., (“GIM”), a lea...

Business Wire - 3 months ago

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE:STT) today announced the appointment of Staffan Ahlner as global head of Collateral+, a part of the Funding and Collateral Solutions gro...

Business Wire - 3 months ago

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE:STT) today announced an extension of its service agreement with Neuberger Berman to renew accounting services for Neuberger's $40B mutua...

Business Wire - 3 months ago

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 partic...

Seeking Alpha - 3 months ago

The passive stock index ETF has mushroomed in popularity with individual investors over the past decade.

Other stocks mentioned: BLK, IVZ, SCHW, VOO
Business Wire - 3 months ago

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) today announced that it has appointed Richard F. Lacaille to the newly-created role of senior investment advisor and has promoted ...

Market Watch - 3 months ago

Shares of the big banks have lagged behind the broader market. But the group could soar during a sustained economic recovery.

Other stocks mentioned: BAC, BK, C, COF, GS, JPM, KBWB, MS, WFC
Zacks Investment Research - 3 months ago

Moody's Investors Service affirms all ratings of BNY Mellon (BK), Northern Trust (NTRS) and State Street (STT). The outlook remains stable for all three banks.

Other stocks mentioned: BK, NTRS
Business Wire - 3 months ago

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE:STT) today announced the launch of State Street MediaStats Central Bank Indicators and State Street MediaStats Thematic Indicators - two...

Business Wire - 4 months ago

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE:STT) announced today that its Chief Financial Officer, Eric Aboaf, and Chief Operating Officer, Lou Maiuri, will participate in Citi's 2...

Business Wire - 4 months ago

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE:STT) celebrates the 20th anniversary of its Fund Connect platform – the leading global trading, analytics and cash management tool with ...

About STT

State Street Corporation, through its subsidiaries, provides a range of financial products and services to institutional investors worldwide. It offers investment servicing products and services, including custody; product accounting; daily pricing and administration; master trust and master custody; depotbank; 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 ... [Read more...]

Industry
Asset Management
Founded
1792
CEO
Ronald O'Hanley
Employees
39,439
Stock Exchange
NYSE
Ticker Symbol
STT
Full Company Profile

Financial Performance

In 2020, State Street's revenue was $11.70 billion, a decrease of -0.45% compared to the previous year's $11.76 billion. Earnings were $2.26 billion, an increase of 12.34%.

Financial Statements

Analyst Forecasts

According to 19 analysts, the average rating for State Street stock is "Buy." The 12-month stock price forecast is 87.56, which is an increase of 7.34% from the latest price.

Price Target
$87.56
(7.34% upside)
Analyst Consensus: Buy