State Street Corporation (STT)

NYSE: STT · IEX Real-Time Price · USD
73.27
-1.02 (-1.37%)
Apr 25, 2024, 9:48 AM EDT - Market open
-1.37%
Market Cap 22.13B
Revenue (ttm) 11.95B
Net Income (ttm) 1.82B
Shares Out 301.94M
EPS (ttm) 5.58
PE Ratio 13.31
Forward PE 9.40
Dividend $2.76 (3.77%)
Ex-Dividend Date Mar 28, 2024
Volume 94,531
Open 73.98
Previous Close 74.29
Day's Range 73.27 - 74.45
52-Week Range 62.78 - 79.90
Beta 1.54
Analysts Hold
Price Target 83.71 (+14.25%)
Earnings Date Apr 12, 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]

Sector Financials
Founded 1792
Employees 46,000
Stock Exchange NYSE
Ticker Symbol STT
Full Company Profile

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 Statements

Analyst Forecast

According to 14 analysts, the average rating for STT stock is "Hold." The 12-month stock price forecast is $83.71, which is an increase of 14.25% from the latest price.

Price Target
$83.71
(14.25% upside)
Analyst Consensus: Hold
Stock Forecasts

News

State Street's Farley: US, Global Economy Reasonably Strong

Dan Farley, State Street Global Advisors, Investment Solutions Group CIO, discusses Fed moves, bank earnings and the global economy. He speaks with Vonnie Quinn on Bloomberg Daybreak: Middle East & Af...

2 days ago - Bloomberg Markets and Finance

State Street Beats Revenue Estimates as It Gets More From Fees

Shares of State Street (STT) rose in intraday trading Friday after the financial services provider posted better-than-expected revenue on higher fees.

12 days ago - Investopedia

State Street Corporation (NYSE: STT) Reports First-Quarter 2024 Financial Results

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) reported its first-quarter 2024 financial results today. The news release, presentation, and additional financial information can be acces...

13 days ago - Business Wire

T. Rowe Price Expands Use of Cloud-Based Charles River® IMS

BOSTON--(BUSINESS WIRE)-- #assetmanagement--T. Rowe Price will utilize Charles River for portfolio management, trading, and compliance, and data management.

13 days ago - Business Wire

State Street's Research Team Announces Academic Partnership with Daniel Drezner of The Fletcher School, expanding Markets Research Capabilities in Arena of Geopolitical Risk

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) today announced a new partnership with Daniel W. Drezner, Professor of International Politics at The Fletcher School, the graduate school ...

17 days ago - Business Wire

State Street Corporation Announces Time Change for its First-Quarter 2024 Financial Conference Call Webcast

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) today announced a change to the timing of the previously announced first-quarter 2024 webcast and teleconference due to a scheduling confl...

22 days ago - Business Wire

Disney board seat for Nelson Peltz hinges on Vanguard, State Street, institutional investors

The Disney proxy fight pits Trian Partners' Nelson Peltz against the board and CEO Bob Iger.

Other symbols: DISBLK
22 days ago - CNBC

U.S. regulators probe role of asset managers in banks, WSJ reports

April 2 (Reuters) - Banking regulators are probing if asset management giants BlackRock (BLK.N), opens new tab, Vanguard and State Street (STT.N), opens new tab are sticking to their passive roles whe...

Other symbols: BLK
23 days ago - Reuters

BlackRock, Vanguard probed over U.S. bank stakes: report

A federal regulator is examining index fund giants over their massive stakes in U.S. banks, according to a published report.

Other symbols: BLK
23 days ago - Market Watch

Regulator Probes BlackRock and Vanguard Over Huge Stakes in U.S. Banks

The FDIC examines whether investment firms stick to passive-investing mandate.

Other symbols: BLK
23 days ago - WSJ

State Street Officially Opens its New Kilkenny Office

KILKENNY, Ireland--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) one of the world's leading providers of financial services to institutional investors, today marked the official opening of its...

4 weeks ago - Business Wire

Trailing S&P500 By 14% YTD, What To Expect From State Street Stock?

State Street's stock (NYSE: STT) has lost 5% YTD, as compared to the 9% rise in the S&P500 over the same period. Further, the stock is currently trading at $74 per share, which is 14% below its fair v...

4 weeks ago - Forbes

State Street Appointed to Provide Investment Services to AZ Quest, Further Expanding Presence in Latin America

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) today announced that it has been selected to provide fund accounting, fund administration and investor servicing for AZ Quest, an asset ma...

5 weeks ago - Business Wire

State Street Partners with Diverse Firms to Underwrite $1 Billion of Senior Debt

BOSTON--(BUSINESS WIRE)--State Street Corporation (“State Street”) (NYSE: STT) announced today that it has issued an aggregate principal amount of $1 billion of senior debt. The offering, which closed...

5 weeks ago - Business Wire

State Street Corporation Announces Time Change for its First-Quarter 2024 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 first-quarter 2024 financial results and the associated w...

5 weeks ago - Business Wire

State Street Corporation (NYSE: STT) Announces Date for Release of First-Quarter 2024 Financial Results and Conference Call Webcast

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) plans to announce its first-quarter 2024 financial results on Friday, April 12, 2024 at approximately 7:30 a.m. ET. The results will be re...

6 weeks ago - Business Wire

State Street Announces $100 Million Program for Minority Depository Institutions and Community Development Financial Institutions

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) today announced a $100 million program to provide low-cost, stable deposit funding to minority depository institutions (MDIs)1 and Communi...

2 months ago - Business Wire

State Street to Participate in the RBC Capital Markets 2024 Global Financial Institutions Conference

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) announced today that its Vice Chairman and Chief Financial Officer, Eric Aboaf, will participate in the RBC Capital Markets 2024 Global Fi...

2 months ago - Business Wire

State Street Corporation (NYSE: STT) Declares First Quarter Dividend on Its Common Stock

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) today announced a quarterly cash dividend of $0.69 per share of common stock, payable on April 11, 2024 to common shareholders of record a...

2 months ago - Business Wire

State Street Corporation to Redeem $1.0B of Preferred Stock in the First Quarter of 2024

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE:STT) today announced that it will redeem $750 million, or all of its 7,500 outstanding shares, of non-cumulative perpetual preferred stock, Seri...

2 months ago - Business Wire

State Street Expands Fund Connect ETF APIs to Provide Global Coverage

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) today announced the expansion of its Fund Connect ETF portal via upgrades to its Application Protocol Interface (API), now offering covera...

2 months ago - Business Wire

‘Everything Up Rally Is Done,' Says State Street's Marvin Loh

“We need to parse through and really figure out what parts of the story we want and we want to hedge,” says Marvin Loh, senior global macro strategist at State Street, as he sees markets pricing in to...

3 months ago - Bloomberg Markets and Finance

State Street Completes Acquisition of CF Global Trading

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) announced today that it has completed its acquisition of CF Global Trading, a global firm specializing in outsourced trading on an agency ...

3 months ago - Business Wire

State Street Corporation Announces Issuance of Preferred Stock

BOSTON--(BUSINESS WIRE)--State Street Corporation (“State Street”) (NYSE: STT) announced today that it has issued $1.5 billion of depositary shares, each representing a 1/100th ownership interest in a...

3 months ago - Business Wire

State Street to Participate in the UBS Financial Services Conference

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) announced today that its Chairman & Chief Executive Officer, Ron O'Hanley, and Vice Chairman & Chief Financial Officer, Eric Aboaf, will p...

3 months ago - Business Wire