State Street Corporation (STT)
| Market Cap | 25.52B |
| Revenue (ttm) | 11.98B |
| Net Income (ttm) | 1.71B |
| Shares Out | 299.23M |
| EPS (ttm) | 5.40 |
| PE Ratio | 15.79 |
| Forward PE | 10.53 |
| Dividend | $3.04 (3.56%) |
| Ex-Dividend Date | Oct 1, 2024 |
| Volume | 1,509,828 |
| Open | 85.21 |
| Previous Close | 84.89 |
| Day's Range | 84.58 - 85.89 |
| 52-Week Range | 62.78 - 86.24 |
| Beta | 1.52 |
| Analysts | Hold |
| Price Target | 87.92 (+3.08%) |
| Earnings Date | Jul 16, 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]
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 13 analysts, the average rating for STT stock is "Hold." The 12-month stock price forecast is $87.92, which is an increase of 3.08% from the latest price.
News
Trovata and State Street's Fund Connect Integrate to Streamline Corporate Investing
Fund Connect users get access to API-driven liquidity intelligence to maximize interest income SAN DIEGO , July 25, 2024 /PRNewswire/ -- Trovata, the leading bank API-powered platform for managing cas...
State Street Corporation Announces Issuance of Preferred Stock
BOSTON--(BUSINESS WIRE)--State Street Corporation (“State Street”) (NYSE: STT) announced today that it has issued $850 million of depositary shares, each representing a 1/100th ownership interest in a...
ETF Adoption Strong Among Financial Advisors and Institutions
BOSTON--(BUSINESS WIRE)--State Street Global Advisors, the asset management business of State Street Corporation (NYSE: STT) today released the results of its 2024 ETF Impact Survey, which reveals mor...
State Street Stock Outperformed The Consensus In Q2, What's Next?
State Street's stock (NYSE: STT) has gained 10% YTD, as compared to the 17% rise in the S&P500 over the same period. Notably, State Street's peer BNY Mellon's stock (NYSE: BK) is up 12% YTD.
State Street Corporation Declares Dividends on its Common Stock and Non-Cumulative Perpetual Preferred Stock Series “G,” “H,” and “I”
BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) today announced a quarterly cash dividend of $0.76 per share of common stock, payable on October 11, 2024 to common shareholders of record...
Report: State Street Considering Several Blockchain-Based Projects
State Street is reportedly looking at a number of options for settling payments on blockchain.
State Street Analysts Increase Their Forecasts After Strong Earnings
State Street Corporation STT reported better-than-expected second-quarter results on Tuesday.
State Street Is Riding The Wave Of Favorable Market Conditions, Analyst Says
RBC Capital analyst Gerard Cassidy reiterated a Sector Perform rating on the shares of State Street Corp STT and raised the price target from $85 to $91.
State Street Stock Climbs as Assets Rise, Profit Beats Estimates
Shares of State Street (STT) rose after the financial services firm reported record-high numbers for two key measures of assets held and its results beat forecasts, aided by rising interest income and...
State Street posts higher AUM; revenue beats estimates on higher fees
State Street on Tuesday reported a rise in client assets under management which helped the custodian bank rake in more fees from the service, sending its shares up 0.8% in premarket trading.
State Street Corporation (NYSE: STT) Reports Second-Quarter 2024 Financial Results
BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) reported its second-quarter 2024 financial results today. The news release, presentation and additional financial information can be acces...
State Street Secures Mandate Win with Galapagos Capital
BOSTON--(BUSINESS WIRE)--State Street (NYSE: STT) today announced that it has been selected to provide fund accounting, fund administration and investor servicing for Galapagos Global Capital Manageme...
JPMorgan downgraded on valuation, while Bank of America shines as top pick: analyst
JPMorgan Chase & Co. on Monday drew a downgrade to peer perform while Bank of America Corp. was highlighted as a top pick at Wolfe Research before the big banks deliver profit updates in the coming da...
State Street replaces UBS as custodian bank for Swiss government fund
U.S. bank State Street has won a mandate to act as custodian bank for a multibillion-dollar compensation fund of the Swiss federal government that was previously at UBS , authorities said on Wednesday...
This is how much the largest 20 U.S. banks raised dividends after stress tests
With another round of Federal Reserve stress tests in the books, many large U.S. banks have already announced dividend increases. Analysts at Jefferies compiled the data in a report sent to clients ea...
State Street Corporation Announces Planned 10% Dividend Increase and Preliminary Stress Capital Buffer Requirement
BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) today announced its intention to increase its per share common stock dividend by 10% to $0.76 in the third quarter of 2024, subject to con...
State Street, Galaxy Digital team up for new crypto ETF products
State Street and Galaxy Digital have announced a collaboration aimed at bringing a new range of digital asset investment strategies and products to investors. According to a press release, the two com...
State Street Global Advisors and Galaxy Asset Management Join Forces to Introduce Investors to The Next Evolution of Digital Asset Investing
BOSTON & NEW YORK--(BUSINESS WIRE)--State Street Global Advisors, the asset management business of State Street Corporation (NYSE: STT), and Galaxy Asset Management1, an affiliate of Galaxy Digital Ho...
29% of North American financial advisors to increase gold allocation through 2025 - State Street-World Gold Council
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...
Amid Economic, Geopolitical Uncertainties, Majority of Financial Advisors Expect To Increase or Maintain Allocations To Gold
BOSTON--(BUSINESS WIRE)--State Street Global Advisors, the asset management business of State Street Corporation (NYSE: STT) and the World Gold Council, today released the results of its Gold Percepti...
Big City Optical Announces New Gold Coast Location on State Street
Chicago, June 14, 2024 (GLOBE NEWSWIRE) -- Chicago, Illinois - Big City Optical, a family-owned leader in optometry and optical retail, has announced the grand opening of its latest store in Chicago's...
Investors Have Less Conviction in Bets, State Street Says
State Street's Global Chief Investment Officer Lori Heinel says investors have "become accustomed" to geopolitical risk coming from the US and other regions in the world. Speaking on Bloomberg Televis...
Charles River® and Octaura Launch Two-Way Interface for Simplified Syndicated Loan Trading
BOSTON--(BUSINESS WIRE)--Charles River Development, a State Street Company, today announced the launch of its two-way interface with Octaura LL Trading Co., LLC. The interface allows Charles River and...
State Street Announces Next Round of Deposits to Minority Depository Institutions and Community Development Financial Institutions
BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) today announced that it has made deposits with three mission-driven minority depository institutions (MDIs) including Carver State Bank, C...
The bank stocks that conservative investors should consider
That's for at least two reasons. The first is higher interest rates: Many commercial mortgages are five-year balloons, which means that many loans extended at low rates in 2019 are repricing this year...