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State Street Corporation (STT)

Stock Price: $83.74 USD 0.10 (0.12%)
Updated Jun 11, 2021 4:00 PM EDT - Market closed
After-hours: $84.29 +0.55 (0.66%) Jun 11, 7:59 PM
Market Cap 29.41B
Revenue (ttm) 11.59B
Net Income (ttm) 2.17B
Shares Out 350.74M
EPS (ttm) 6.07
PE Ratio 13.80
Forward PE 12.22
Dividend $2.08
Dividend Yield 2.48%
Trading Day June 11
Last Price $83.74
Previous Close $83.64
Change ($) 0.10
Change (%) 0.12%
Day's Open 83.78
Day's Range 83.50 - 84.47
Day's Volume 1,829,683
52-Week Range 55.40 - 89.28

News

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In a Thursday memo, State Street Corp. ( STT , Financial) announced that it is creating a digital finance division called State Street Digital, which will serve as “an investment in the future” of the f...

2 days ago - GuruFocus

State Street is creating a digital finance division focused on cryptocurrency and blockchain technology as client interest increases.

2 days ago - CNBC

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) today announced that it has launched a new division focused on addressing the industry's evolving shift to digital finance. The new division...

2 days ago - Business Wire

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) today announced strategic engagements with leading industry and education-focused organizations that advocate for and support the advancemen...

5 days ago - Business Wire

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE:STT) today announced the appointment of Jason Knight as global head of the firm's Insurance segment. In this role, Knight will be responsible for ...

5 days ago - Business Wire

BOSTON--(BUSINESS WIRE)--State Street Global Advisors, the asset management business of State Street Corporation (NYSE: STT), today announced that Lynn Blake, Chief Investment Officer, Global Equity Bet...

1 week ago - Business Wire

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) today announced an expansion of its relationship with Aberdeen Standard Investments (ASI) by being appointed the service provider for two of...

1 week ago - Business Wire

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE:STT) announced today that Chief Executive Officer of State Street Institutional Services, Francisco Aristeguieta, and Chief Financial Officer, Eri...

2 weeks ago - Business Wire

State Street stock, a custody banking giant, has gained roughly 19% – increasing from about $73 at the beginning of 2021 to around $86 currently, outperforming the S&P500, which grew 11% over the same p...

2 weeks ago - Forbes

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

3 weeks ago - Business Wire

State Street (STT) enters a deferred prosecution agreement and agrees to pay $115 million criminal fine to settle charges that it deceived customers by overcharging them for back-office expenses.

3 weeks ago - Zacks Investment Research

State Street Corp agreed to pay a $115 million criminal penalty and enter a deferred prosecution agreement to resolve charges it defrauded customers by secretly overcharging them for expenses, the U.S. ...

4 weeks ago - Reuters

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 participate in B...

1 month ago - Business Wire

While State Street's (STT) global reach, efforts to upgrade operations technologically and strong balance sheet will keep aiding growth, elevated costs will likely hurt profits.

1 month ago - Zacks Investment Research

Inflation headed above 3% in 2021: State Street Global Advisors

YouTube video

State Street Global Advisors' Mehvish Ayub gives her sector allocations as the recovery continues, and also gives State Street's house view of incoming inflationary pressures.

1 month ago - CNBC International TV

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE:STT) today announced the launch of a new Bitcoin Thematic Indicator series to help contextualize the rising popularity of Bitcoin and how it is im...

1 month ago - Business Wire

BOSTON & LONDON--(BUSINESS WIRE)--State Street Corporation (NYSE:STT) today announced that it has appointed Aman Thind to executive vice president and global chief architect. In this role Thind will rep...

1 month ago - Business Wire

The T Rowe Price Equity Income Fund (Trades, Portfolio) sold shares of the following stocks during the first quarter of 2021, which ended on March 31.

Other stocks mentioned: DD
1 month ago - GuruFocus

By David Callaway, Callaway Climate Insights The corporate pledges are lining up for Earth Day.

Other stocks mentioned: CSCO, PEP, V
1 month ago - 24/7 Wall Street

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 D (represented by...

1 month ago - Business Wire

State Street Corp's asset-management arm said it would join other big investment firms pushing to limit greenhouse gas emissions to net zero by 2050, part of a rush by large companies to embrace climate...

Other stocks mentioned: PEP
1 month ago - Reuters

TOKYO--(BUSINESS WIRE)--Charles River Development announces Nomura Asset Management Co., Ltd. is expanding their use of the Charles River Investment Management Solution.

1 month ago - Business Wire

BOSTON & NEW YORK--(BUSINESS WIRE)--State Street (NYSE:STT) today announced a strategic engagement with S&P Global Trucost that brings together State Street's newly announced ESG Risk Analytics and Repo...

1 month ago - Business Wire

State Street Corporation (STT) delivered earnings and revenue surprises of 9.70% and 2.35%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

1 month ago - Zacks Investment Research

Increase in fee income and provision benefits support State Street's (STT) Q1 earnings amid lower interest rates.

1 month ago - Zacks Investment Research

Shares of State Street (NYSE:STT) rose 0.9% in pre-market trading after the company reported Q1 results. Quarterly Results Earnings per share fell 11.98% year over year to $1.47, which beat the estimate...

1 month ago - Benzinga

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) today announced that it has entered into an agreement with Invesco Ltd. (NYSE: IVZ) which will result in Invesco adopting State Street Alpha...

Other stocks mentioned: IVZ
1 month ago - Business Wire

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) reported its first-quarter 2021 financial results today. The news release, presentation, and additional financial information can be accesse...

1 month ago - Business Wire

Short selling has been around since the birth of modern capital markets. Investopedia offers a simple definition of the concept:

Other stocks mentioned: GME
1 month ago - GuruFocus

Near-zero interest rates and lower fee revenues are likely to have hurt State Street's (STT) Q1 earnings.

1 month ago - Zacks Investment Research

As the new earnings season marches along, several financial sector companies will be reporting.

Other stocks mentioned: ALLY, BK, CFG, MS
1 month ago - 24/7 Wall Street

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) today announced its intention to establish its Agency Lending Program's first Environmental, Social, and Corporate Governance (ESG) aware co...

1 month ago - Business Wire

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE:STT) today announced the appointment of Renee LaRoche-Morris to chief of staff to the chief operating officer (COO) and head of chief administrati...

1 month ago - Business Wire

BURLINGTON, Mass.--(BUSINESS WIRE)--Charles River IMS has been named has been named “Best Trading Platform” in the fifth annual FinTech Breakthrough Awards program.

2 months ago - Business Wire

As of April 9, the GuruFocus All-in-One Screener, a Premium feature, found that the following companies have low price-earnings ratios and high dividend yields.

Other stocks mentioned: CE, CINF, DGX, TSN
2 months ago - GuruFocus

State Street Corporation (STT) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

2 months ago - Zacks Investment Research

On Wednesday, State Street Global Advisors, the asset management business of State Street Corporation (NYSE: STT), announced the launch of the SPDR Bloomberg Barclays Emerging Markets USD Bond ETF (EMHC...

2 months ago - ETF Trends

BOSTON--(BUSINESS WIRE)--State Street Global Advisors, the asset management business of State Street Corporation (NYSE: STT), today announced the launch of the SPDR Bloomberg Barclays Emerging Markets U...

2 months ago - Business Wire

According to the GuruFocus All-in-One Screener, a Premium feature, the following companies have high business predictability ratings and wide margins of safety as of April 6.

Other stocks mentioned: KR, LEN, TSN
2 months ago - GuruFocus

After a six-week stretch of volatility, all the gauges look set to climb higher. Let's look at seven stocks to buy for April.

Other stocks mentioned: CAT, CHPT, DIS, DRI, FB, SPG
2 months ago - InvestorPlace

Having gained close to 100% since the March 23 lows of last year, at the current price near $86 per share, we believe State Street's stock is slightly overpriced. State Street, the custody banking giant...

2 months ago - Forbes

Societe Generale (SCGLY) is in advanced talks with State Street as well as Amundi for the sale of its asset management business, Lyxor.

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

BOSTON--(BUSINESS WIRE)-- #Equity--Colfondos, one of Colombia's largest pension funds, has selected Charles River IMS for their domestic and global equity and fixed income portfolios.

2 months ago - Business Wire

BOSTON--(BUSINESS WIRE)--State Street Global Advisors Reduces Fees on Two Fixed Income SPDR® Portfolio ETFs™

2 months ago - Business Wire

BOSTON--(BUSINESS WIRE)-- #Azure--Charles River has brought 10 clients onto their Microsoft Azure cloud solution, with around 40 more deployments planned for the coming months.

2 months ago - Business Wire

More money keeps on flowing into environmental, social, and governance (ESG) investing, which bodes well for the ETF landscape and funds like the S&P 500 ESG ETF (EFIV). “Investors poured record amounts...

Other stocks mentioned: EFIV
2 months ago - ETF Trends

With 10-year Treasury yields soaring, financial services stocks and funds like the Financial Select Sector SPDR (XLF) are back in style in a big way. This ETF, one of the powerhouse SPDR products, provi...

Other stocks mentioned: XLF
2 months ago - ETF Trends

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE:STT) today announced the appointment of Ann Fogarty to executive vice president and deputy head of Global Delivery with responsibility for State S...

2 months ago - Business Wire

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) plans to announce its first-quarter 2021 financial results on Friday, April 16, 2021 at approximately 7:30 a.m. EDT. The results will be rev...

2 months ago - Business Wire

Instead of buying shares in individual companies, these robust index funds with low fees enable you to invest in a basket of stocks. The post 8 of the Best Index Funds With Ultra-Low Fees appeared first...

Other stocks mentioned: DJD, FBND, FSTA, IWY, SCHE, SCHH, XLV
2 months ago - InvestorPlace

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
39,318
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 91.88, which is an increase of 9.72% from the latest price.

Price Target
$91.88
(9.72% upside)
Analyst Consensus: Buy