State Street Corporation

Equities

STT

US8574771031

Investment Management & Fund Operators

Real-time Estimate Cboe BZX Other stock markets 16:46:13 16/07/2024 BST			5-day change	1st Jan Change
81.55 ^USD	+3.31%		+10.90%	+6.55%

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03:31pm	Sector Update: Financial Stocks Edge Higher Premarket Tuesday	MT

State Street Corporation Reports Earnings Results for the Fourth Quarter Ended December 31, 2022

January 20, 2023 at 12:33 pm

State Street Corporation reported earnings results for the fourth quarter ended December 31, 2022. For the fourth quarter, the company reported net interest income was USD 791 million compared to USD 484 million a year ago. Net income was USD 733 million compared to USD 697 million a year ago.

Basic earnings per share from continuing operations was USD 1.94 compared to USD 1.81 a year ago. Diluted earnings per share from continuing operations was USD 1.91 compared to USD 1.78 a year ago.

Latest news about State Street Corporation

Global markets live: Verizon, KKR, GM, Disney, UnitedHealth...	04:23pm
Sector Update: Financial Stocks Edge Higher Premarket Tuesday	02:31pm	MT
Trump's unity plea and Powell's perfect pitch propel Wall Street	02:22pm
State Street's Q2 Earnings Fall, Revenue Rises	01:28pm	MT
State Street posts higher AUM; revenue beats estimates on higher fees	01:22pm	RE
State Street Reports Q2 EPS of $2.15 on Revenue of $3.19 Billion, vs CIQ Analyst Consensus of $2.02/Share on Revenue of $3.15 Billion	12:49pm	MT
State Street Corporation Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2024	12:31pm	CI
Stock Futures Rise as Traders Await More Earnings; Asia Mostly Up, Europe Falls	12:28pm	MT
North American Morning Briefing : Retail Sales, -2-	11:17am	DJ
Top Midday Stories: Bain Capital to Acquire Envestnet; Delta, Pepsi Report Q2 Earnings; Pfizer Advances Development of Weight-Loss Pill; DOE Pledges $1.7 Billion for EV	07-11	MT
Envestnet to Be Acquired by Bain Capital for $4.5 Billion	07-11	MT
State Street to Provide Various Services to 2 Hedge Funds	07-10	MT
State Street Secures Mandate Win with Galapagos Capital	07-10	CI
Second-Quarter Capital Markets Activity Shows Signs of Gradual Recovery, UBS Says	07-09	MT
Top Midday Stories: Boeing Ups Deliveries in June, Q2; Fed Mulls Tweak that Could Save Billions for Biggest US Banks; BP Warns of $2 Billion Impairment Charge, Lower Refining Margins	07-09	MT
Fed considers rule tweak that could save biggest US banks billions in capital	07-09	RE
Deutsche Bank Adjusts Price Target on State Street to $75 From $73	07-09	MT
Federal Reserve Ponders Reducing Safety Surcharge on Important Banks	07-09	MT
Fed considers rule tweak that could save biggest US banks billions in capital	07-09	RE
Compagnie de Saint-Gobain S.A. completed the acquisition of CSR Limited from a group of sellers.	07-08	CI
HSBC's German Wealth Management Unit Draws Interest From BNP Paribas, UBS	07-08	MT
JPMorgan Adjusts Price Target on State Street to $79.50 From $82.50, Maintains Underweight Rating	07-08	MT
State Street Replaces UBS as Custodian of Swiss Government Fund	07-08	MT
Wolfe Research Downgrades State Street to Underperform From Peer Perform, Price Target is $73	07-08	MT
HSBC's German Wealth Management Unit Draws Interest From BNP Paribas, UBS	07-05	MT

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Company Profile

State Street Corporation is a financial holding company organized around 2 areas of activity: - investment services (83.1% of net sales): services intended mainly to mutual funds, collective investment funds, corporate and public retirement plans, insurance companies and foundations. The group provides services including custody, daily pricing, record keeping and administration, shareholder services, foreign exchange, brokerage and other trading services, securities finance, loan and lease financing, investment manager and hedge fund manager operations outsourcing, performance, risk and compliance analytics; - investment management (16.9%). State Street Corporation offers, primarily to institutional investors, investment management and investment research services for managing financial assets, including passive and active United States and non-United States equity and fixed-income. The United States accounts for 55.1% of net sales.

Sector

Investment Management & Fund Operators

Calendar

12:30pm - Q2 2024 Earnings Release

Related indices

S&P 500

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Analysis / Opinion

Ron O'Hanley, CEO of State Street: AI, overvalued?

May 06, 2024 at 10:04 pm

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Ratings for State Street Corporation

Trading Rating

Investor Rating

ESG Refinitiv

A-

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

78.94 USD

Average target price

85.16 USD

Spread / Average Target

+7.87%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

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