FMP
State Street Corporation
STT
NYSE
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; investment manager and alternative investment manager operations outsourcing; performance, risk, and compliance analytics; and financial data management to support institutional investors. It also engages in the provision of portfolio management and risk analytics, as well as trading and post-trade settlement services with integrated compliance and managed data. In addition, the company offers investment management strategies and products, such as core and enhanced indexing, multi-asset strategies, active quantitative and fundamental active capabilities, and alternative investment strategies. Further, it provides services and solutions, including environmental, social, and governance investing; defined benefit and defined contribution; and global fiduciary solutions, as well as exchange-traded fund under the SPDR ETF brand. The company provides its products and services to mutual funds, collective investment funds and other investment pools, corporate and public retirement plans, insurance companies, foundations, endowments, and investment managers. State Street Corporation was founded in 1792 and is headquartered in Boston, Massachusetts.
98.23 USD
-0.77 (-0.784%)
businesswire.com
a day ago
BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) reported its fourth-quarter and full-year 2024 financial results last Friday, January 17, 2025. The news release, presentation and additional financial information can be accessed on State Street's Investor Relations website, http://investors.statestreet.com. A conference call to discuss the firm's financial results and outlook scheduled for 11:00 a.m. ET, Friday, January 17, 2025 was interrupted after the conclusion of the prepared.
seekingalpha.com
a day ago
State Street shares gained 30% over the past year, benefiting from fewer rate cuts and rising asset levels, but mixed guidance prompts a "hold" rating. Q4 earnings beat consensus at $2.60 per share, driven by a 12% revenue rise and strong asset growth, but 2025 guidance is less optimistic. Despite solid deposit growth and a high CET1 capital ratio, ongoing fee compression and interest rate sensitivity limit upside potential; shares are fairly valued at 10.5x earnings.
zacks.com
2 days ago
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does State Street Corporation (STT) have what it takes?
businesswire.com
5 days ago
BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) reported its fourth-quarter and full-year 2024 financial results earlier today. The news release, presentation and additional financial information can be accessed on State Street's Investor Relations website, http://investors.statestreet.com. A conference call to discuss the firm's financial results and outlook scheduled for 11:00 a.m. ET, Friday, January 17, 2025 was interrupted after the conclusion of the prepared remarks and duri.
benzinga.com
5 days ago
U.S. stocks traded higher toward the end of trading, with the S&P 500 gaining around 1% on Friday.
Davit Kirakosyan
5 days ago
State Street (NYSE:STT) exceeded fourth-quarter earnings expectations, yet its shares dipped more than 3% intra-day today as investors weighed mixed results and guidance. The financial services giant reported strong revenue growth but faced some challenges in maintaining margins. Adjusted earnings per share came in at $2.60, beating the consensus estimate of $2.36. Quarterly revenue reached $3.41 billion, surpassing projections of $3.29 billion and reflecting a 12% year-over-year increase. Fee r...
Alex Lavoie
5 days ago
State Street Corporation, listed on the NYSE under the symbol STT, is a financial services company that provides investment management, research, and trading services. It competes with firms like BlackRock and Vanguard. On January 17, 2025, State Street reported earnings per share (EPS) of $2.60, surpassing the estimated $2.29, and actual revenue of $3.41 billion, exceeding the estimated $3.33 billion. The company's strong fourth-quarter earnings were driven by an increase in net interest incom...
zacks.com
5 days ago
Higher NII and fee income and growth in AUC/A and AUM balance support STT's Q4 earnings.
zacks.com
5 days ago
Although the revenue and EPS for State Street (STT) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
zacks.com
5 days ago
State Street Corporation (STT) came out with quarterly earnings of $2.60 per share, beating the Zacks Consensus Estimate of $2.42 per share. This compares to earnings of $2.04 per share a year ago.