State Street Corporation (STT)

NYSE: STT · IEX Real-Time Price · USD
74.93
+1.42 (1.93%)
Aug 12, 2022 4:03 PM EDT - Market closed
1.93%
Market Cap 27.55B
Revenue (ttm) 12.08B
Net Income (ttm) 2.65B
Shares Out 367.62M
EPS (ttm) 7.23
PE Ratio 10.36
Forward PE 10.12
Dividend $2.28 (3.04%)
Ex-Dividend Date Sep 30, 2022
Volume 1,306,914
Open 74.12
Previous Close 73.51
Day's Range 73.67 - 74.95
52-Week Range 58.80 - 104.87
Beta 1.62
Analysts Buy
Price Target 81.82 (+9.2%)
Earnings Date Jul 15, 2022

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; 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; investm... [Read more...]

Industry Capital Markets
Founded 1792
CEO Ronald O'Hanley
Employees 40,354
Stock Exchange NYSE
Ticker Symbol STT
Full Company Profile

Financial Performance

In 2021, State Street's revenue was $12.03 billion, an increase of 2.77% compared to the previous year's $11.70 billion. Earnings were $2.57 billion, an increase of 13.96%.

Financial Statements

Analyst Forecast

According to 21 analysts, the average rating for STT stock is "Buy." The 12-month stock price forecast is 81.82, which is an increase of 9.20% from the latest price.

Price Target
$81.82
(9.20% upside)
Analyst Consensus: Buy
Stock Forecasts

News

State Street to Participate In Barclays Global Financial Services Conference

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) announced today that its President & Head of Investment Services, Lou Maiuri, and its Vice Chairman & Chief Financial Officer, Eric Aboaf, w...

State Street Partners with Latinx Firms to Underwrite $750 Million of Senior Notes

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) announced today that it has issued $750 million aggregate principal amount of fixed-to-floating rate senior notes due 2033. The offering, wh...

ARCESIUM PARTNERS WITH STATE STREET FUND CONNECT TO HELP INSTITUTIONAL INVESTORS SEAMLESSLY MANAGE AND MONITOR CASH P...

NEW YORK , July 27, 2022 /PRNewswire/ -- Arcesium, a leading global financial technology firm, announced today it has partnered with State Street Fund Connect ("Fund Connect"), a global trading and anal...

State Street Corporation Declares Quarterly Dividends on Its Non-Cumulative Perpetual Preferred Stock Series “D”, “F”...

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: Series D (rep...

State Street Corporation Declares Third-Quarter Dividend on its Common Stock

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) today announced a quarterly cash dividend of $0.63 per share of common stock, payable on October 13, 2022 to common shareholders of record a...

State Street Appoints New Global Chief Marketing Officer

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE:STT) today announced that Brenda Tsai has been appointed as the firm's new executive vice president and global chief marketing officer. Tsai will ...

State Street Global Advisors appoints Jennifer Taylor as Head of Emerging Market Debt

LONDON--(BUSINESS WIRE)--State Street Global Advisors, the asset management business of State Street Corporation (NYSE: STT), today announced the appointment of Jennifer Taylor as Head of Emerging Marke...

Why State Street Stock Jumped Nearly 10% Friday

The custody bank posted Q2 earnings Friday and beat earnings estimates.

State Street (STT) Stock Up on Q2 Earnings Beat, Revenues Dip

State Street (STT) records a decline in revenues and expenses in the second quarter of 2022.

State Street Corporation (STT) Tops Q2 Earnings Estimates

State Street Corporation (STT) delivered earnings and revenue surprises of 10.23% and 1.61%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

State Street Reports Second-Quarter 2022 Financial Results

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) reported its second-quarter 2022 financial results today. The news release, presentation, and additional financial information can be access...

New Strong Sell Stocks for July 15th

ACER, HMN, and STT have been added to the Zacks Rank #5 (Strong Sell) List on July 15, 2022.

Other symbols: ACERHMN

State Street Stock To Top The Consensus In Q2?

State Street (NYSE: STT) is scheduled to report its fiscal Q2 2022 results on Friday, July 15, 2022.

Why is Earnings Beat Less Likely for State Street (STT) in Q2?

Supported by loan growth and higher rates, State Street (STT) is expected to have recorded a rise in interest income in the second quarter of 2022.

Earnings Preview: State Street Corporation (STT) Q2 Earnings Expected to Decline

State Street Corporation (STT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

State Street Corporation Announces Time Change for its Second-Quarter 2022 Financial Results and Conference Call Webcast

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) today announced changes to the timing of the previously announced release of its second-quarter 2022 financial results and the associated we...

State Street and FactSet Partner to Streamline Data Flows Across Front, Middle & Back Office

BOSTON & NORWALK, Conn.--(BUSINESS WIRE)--State Street and FactSet today announced a strategic partnership integrating State Street Alpha and the complementary strengths of FactSet to streamline data fl...

Other symbols: FDS

7 Retirement Stocks to Buy in July

Planning for retirement can feel overwhelming in bear markets, but these seven retirement stocks can provide a boost to savings. Caterpillar (CAT): The heavy equipment manufacturer is enjoying strong de...

Other symbols: CATENBGSKJNJORCLSTZ

ALLSPRING GLOBAL INVESTMENTS TO ADOPT STATE STREET ALPHA™ PLATFORM

CHARLOTTE, N.C. , July 1, 2022 /PRNewswire/ -- Allspring Global Investments™ (Allspring), a leading independent asset manager with more than $541 billion in assets under management*, today announced tha...

State Street Corporation Announces Date for Release of Second-Quarter 2022 Financial Results and Conference Call Webcast

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) plans to announce its second-quarter 2022 financial results on Friday, July 15, 2022 at approximately 7:30 a.m. ET. The results will be revi...

State Street Corporation Announces Preliminary Stress Capital Buffer Requirement and the Intention to Increase its Qu...

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) today announced its preliminary stress capital buffer (SCB) requirement of 2.5%, effective October 1, 2022, and the intention to increase it...

3 Blue-Chip Stocks With Reliable Dividends During Recessions

Finding high-quality dividend stocks is always the best strategy for building wealth long-term, in our view, but that's especially true during tough economic times, such as recessions. We like the blue ...

Other symbols: DOVQCOM

Credit Suisse Dips on Trading View, Gains on State Street Claims

Credit Suisse (CS) shares decline following a trading update. Stock reverses on claims of takeover by State Street (STT).

Other symbols: CS

Credit Suisse CEO calls questions over State Street takeover 'really stupid'

Credit Suisse Chief Executive Thomas Gottstein on Thursday called queries over a potential takeover offer from U.S. financial giant State Street "really stupid", shutting down questions after a media re...

Other symbols: CS

State Street spokesperson says company 'will not respond' to report about buying Credit Suisse

State Street Corp. said the company is "not going to to respond" to a report in Swiss publication Inside Paradeplaz that it's planning a bid to buy Credit Suisse AG. "As we have previously discussed, we...

Other symbols: CS