- Previous Close
76.48 - Open
76.80 - Bid 77.33 x 800
- Ask 78.56 x 1200
- Day's Range
76.61 - 79.42 - 52 Week Range
62.78 - 79.90 - Volume
2,971,516 - Avg. Volume
2,269,545 - Market Cap (intraday)
23.667B - Beta (5Y Monthly) 1.51
- PE Ratio (TTM)
14.47 - EPS (TTM)
5.43 - Earnings Date Jul 16, 2024
- Forward Dividend & Yield 2.76 (3.51%)
- Ex-Dividend Date Jul 1, 2024
- 1y Target Est
86.36
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; securities finance and enhanced custody products; deposit and short-term investment facilities; 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 funds under the SPDR ETF brand. The company provides its products and services to mutual funds, collective investment funds, UCITS, hedge 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.
www.statestreet.com45,871
Full Time Employees
December 31
Fiscal Year Ends
Sector
Industry
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Performance Overview: STT
Trailing total returns as of 7/12/2024, which may include dividends or other distributions. Benchmark is
.YTD Return
1-Year Return
3-Year Return
5-Year Return
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Statistics: STT
View MoreValuation Measures
Market Cap
23.67B
Enterprise Value
--
Trailing P/E
14.47
Forward P/E
10.21
PEG Ratio (5yr expected)
0.80
Price/Sales (ttm)
2.08
Price/Book (mrq)
1.08
Enterprise Value/Revenue
2.06
Enterprise Value/EBITDA
--
Financial Highlights
Profitability and Income Statement
Profit Margin
15.54%
Return on Assets (ttm)
0.59%
Return on Equity (ttm)
7.55%
Revenue (ttm)
11.95B
Net Income Avi to Common (ttm)
1.71B
Diluted EPS (ttm)
5.43
Balance Sheet and Cash Flow
Total Cash (mrq)
142.08B
Total Debt/Equity (mrq)
--
Levered Free Cash Flow (ttm)
--
Research Analysis: STT
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View MoreArgus Quick Note: Weekly Stock List for 05/20/2024: Companies Raising Guidance
Management's ability to "raise guidance" can often be a catalyst for market-beating returns in the quarters ahead. The first-quarter earnings season has crossed the 90% mark and is wrapping up, with blended earnings (actual results and the consensus for those still to report) showing a year-over-year gain of almost 7%, according to Refinitiv. That is considerably better than the 4%-7% advance expected at the start of the earnings period. Leading the outperformance were strong gains in Communication Services earnings, up 43%, and Consumer Discretionary, up 26%. On the flipside, Healthcare and Energy, both down 24%, are performing the worst. Our analysts are always on the lookout for companies that boost outlooks during earnings season, as this is often a signal for momentum in the months ahead. Here is an initial list of BUY-rated companies in the Argus Fundamental Universe of Coverage at which management raised guidance or increased its outlook during the 1Q24 EPS reporting season.
Net interest income guidance improves; raising target to $86
State Street is one of the world's largest custody banks and, through State Street Global Advisors (SSgA), provides asset-management products and services. Custody clients include mutual fund companies and other investment managers, corporations, public pension funds, unions, and nonprofit organizations. State Street provides custody and management of customers' assets; accounting, daily pricing, and administration of their funds; the information and analytical tools that help clients make investment decisions; and the foreign-exchange, cash-management, credit, and electronic-trading services that help clients negotiate global financial markets. SSgA manages the popular SPDR series of exchange-traded index funds.
RatingPrice TargetMonday Tee Up: A Busy, Busy Week
Monday Tee Up: A Busy, Busy Week
State Street Earnings: Decent Start to 2024 as Revenue Outlook Tweaked Higher
State Street is a leading provider of financial services, including investment servicing, investment management, and investment research and trading. With approximately $42 trillion in assets under custody and administration and $4.1 trillion assets under management as of Dec. 31, 2023, State Street operates globally in more than 100 geographic markets and employs more than 46,000 worldwide.
RatingPrice Target