State Street Corporation

Equities

STT

US8574771031

Investment Management & Fund Operators

Market Closed - Nyse Other stock markets 16:00:01 2024-07-05 EDT			5-day change	1st Jan Change
73.72 ^USD	-0.57%		-0.38%	-4.83%

12:18pm	JPMorgan Adjusts Price Target on State Street to $79.50 From $82.50, Maintains Underweight Rating	MT
11:40am	State Street Replaces UBS as Custodian of Swiss Government Fund	MT

State Street Corporation Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023

January 19, 2024 at 07:31 am

State Street Corporation reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported net interest income was USD 678 million compared to USD 791 million a year ago. Net income was USD 210 million compared to USD 733 million a year ago. Basic earnings per share from continuing operations was USD 0.56 compared to USD 1.94 a year ago. Diluted earnings per share from continuing operations was USD 0.55 compared to USD 1.91 a year ago.
For the full year, net interest income was USD 2,759 million compared to USD 2,544 million a year ago. Net income was USD 1,944 million compared to USD 2,774 million a year ago. Basic earnings per share from continuing operations was USD 5.65 compared to USD 7.28 a year ago. Diluted earnings per share from continuing operations was USD 5.58 compared to USD 7.19 a year ago.

Latest news about State Street Corporation

JPMorgan Adjusts Price Target on State Street to $79.50 From $82.50, Maintains Underweight Rating	06:18am	MT
State Street Replaces UBS as Custodian of Swiss Government Fund	05:40am	MT
Wolfe Research Downgrades State Street to Underperform From Peer Perform, Price Target is $73	05:37am	MT
HSBC's German Wealth Management Unit Draws Interest From BNP Paribas, UBS	07-05	MT
State Street Replaces UBS as Custodian of Swiss Government Fund	07-05	MT
HSBC's German Wealth Management Unit Draws Interest From BNP Paribas, UBS	07-05	MT
State Street replaces UBS as custodian bank for Swiss government fund	07-03	RE
Goldman Sachs Adjusts Price Target on State Street to $89 From $96, Maintains Buy Rating	07-02	MT
State Street Plans 10% Dividend Increase to $0.76 per Share in Q3, Subject to Board Approval	07-01	MT
State Street Corporation Intends to Increase Its Per Share Common Stock Dividend in the Third Quarter of 2024	06-28	CI
Blackstone Real Estate Partners X L.P., managed by Blackstone Real Estate Advisors L.P. completed the acquisition of Apartment Income REIT Corp. from The Vanguard Group, Inc., BlackRock, Inc., State Street Corporation, Cohen & Steers, Inc. and others.	06-27	CI
Keefe Bruyette & Woods Adjusts Price Target on State Street to $84 From $88, Keeps Market Perform Rating	06-27	MT
Big US banks withstand Fed's commercial real estate shock scenario	06-26	RE
Galaxy Digital Joining Forces with State Street Global Advisors On Digital Asset Investing	06-26	MT
U.S. bank regulators find flaws in four big bank 'living wills'	06-21	RE
State Street Global Advisors Names James Ferrarelli as COO	06-21	MT
State Street Global Advisors Names James Ferrarelli Chief Operating Officer, Executive Vice President	06-21	MT
Sector Update: Financial Stocks Lean Lower Pre-Bell Friday	06-21	MT
State Street Among Potential Bidders for HSBC Germany's Fund Administration Business INKA, Custody Unit	06-21	MT
Uncertainty in France benefits the Italian market, says State Street	06-21	MT
ABN AMRO Reportedly Nears Deal to Buy HSBC's German Private Bank	06-21	CI
ABN Amro nears deal to buy HSBC's German private bank, Boersenzeitung says	06-21	RE
Bidders line up for HSBC's German fund administration and custody units, sources say	06-21	RE
Huge tech ETF set to buy $10 billion in Nvidia shares	06-18	RE
Deutsche Bank Adjusts Price Target on State Street to $73 From $74, Keeps Hold Rating	06-18	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

2024-07-16 - Q2 2024 Earnings Release

Related indices

S&P 500

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Income Statement Evolution

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Analysis / Opinion

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

May 06, 2024 at 05:04 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

73.72 USD

Average target price

85.22 USD

Spread / Average Target

+15.60%

Consensus

EPS Revisions

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Quarterly earnings - Rate of surprise

Company calendar

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