State Street Corporation (STT)
| Market Cap | 23.43B |
| Revenue (ttm) | 11.98B |
| Net Income (ttm) | 1.71B |
| Shares Out | 301.26M |
| EPS (ttm) | 5.40 |
| PE Ratio | 14.38 |
| Forward PE | 9.80 |
| Dividend | $2.76 (3.56%) |
| Ex-Dividend Date | Jul 1, 2024 |
| Volume | 1,110,454 |
| Open | 77.76 |
| Previous Close | 77.57 |
| Day's Range | 77.30 - 77.99 |
| 52-Week Range | 62.78 - 79.90 |
| Beta | 1.54 |
| Analysts | Hold |
| Price Target | 83.85 (+8.01%) |
| Earnings Date | Jul 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]
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 StatementsAnalyst Forecast
According to 13 analysts, the average rating for STT stock is "Hold." The 12-month stock price forecast is $83.85, which is an increase of 8.01% from the latest price.
News
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 $0.69 per share of common stock, payable on July 11, 2024 to common shareholders of record at ...
State Street Questions 2% Inflation Target in ‘New Environment'
Marvin Loh, senior global macro strategist at State Street, says the market tailwind for expected rate cuts is “powerful,” but it is time to think about how deep or shallow the Federal Reserve's cutti...
Gold needs to test support but prices can still end the year much higher - State Street's Milling-Stanley
(Kitco News) - Although the Federal Reserve has been cryptic regarding the timing of its easing cycle, the central bank is firm that it is not looking to raise interest rates anymore, which should ult...
State Street CEO on Capital Markets, Economy and AI
State Street CEO Ron O'Hanley says there is still strong resilience in the global economy and believes that the US has led the way in sustaining it. Speaking with Bloomberg on the sidelines of the Mil...
State Street CEO on Dubai Reopening
Yie-Hsin Hung, State Street Global Advisors CEO, discusses reopening Dubai offices and Fed rate cuts. She speaks with Joumanna Bercetche and Jennifer Zabasajja on Bloomberg Horizons: Middle East & Afr...
Charles River® Appoints Vin Bhat as New Head of Asia-Pacific
SINGAPORE--(BUSINESS WIRE)--Charles River Development (CRD), a State Street Company, has appointed Vinayak Bhat (Vin) as senior vice president (SVP), head of Asia Pacific (APAC), where he will be resp...
State Street Names Elizabeth Lynn to Global Head of Investor Relations
BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) today announced the appointment of Elizabeth (Liz) Lynn to executive vice president and global head of Investor Relations. Lynn will repor...
State Street to Participate in Bernstein's 40th Annual Strategic Decisions Conference
BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) announced today that its Chairman and Chief Executive Officer, Ron O'Hanley, and Vice Chairman and Chief Financial Officer, Eric Aboaf, wi...
We can easily see the Bank of Japan moving in June: State Street Global Markets
Dwyfor Evans, managing director and head of Asia-Pacific macro strategy at State Street Global Markets, discusses how U.S.-Japan interest rate differentials might affect the yen.
State Street Private Markets Survey Finds Macro Challenges Not Dampening Demand; Public To Private Shift Set To Grow Further
BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) today released the results of its third annual private markets survey1, which explores the allocations of 480 institutional investors incl...
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...
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.
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...
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.
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 ...
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...
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.
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...
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.
Regulator Probes BlackRock and Vanguard Over Huge Stakes in U.S. Banks
The FDIC examines whether investment firms stick to passive-investing mandate.
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...
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...
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...
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...
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...