State Street Corp
STT
ISIN US8574771031 / Valor 627419
State Street Corp
UMushroom community rating:
About company
State Street Corp is a leading provider of end-to-end services for the buy-side, offering integrated outsourced trading solutions and front-to-back technology. The company has been recognized for its excellence in various areas, such as winning awards for Best Multibank Platform, Top FX Settlement Bank, Best FX Post Trade Provider, and Best Global Custodian for Asset Owners. State Street's expertise in outsourcing services to the buy-side has been acknowledged, making it a top choice for clients in the financial industry. Additionally, the company has been honored for its exceptional performance in the Asia-Pacific region, solidifying its reputation as a trusted global custodian and back-office provider.
Summarized from source with an LLMView SourceSector: FinanceLatest Results (17.12.2024):
Record Earnings Per Share
State Street Corp reported a record diluted earnings per share (EPS) of $2.26 for the third quarter of 2024. This represents a significant increase compared to the previous year's third quarter, showcasing the company's strong financial performance during this period.
Revenue Growth
In the third quarter of 2024, State Street Corp's total revenue increased by 21% year-over-year, reaching $3.259 billion. Excluding notable items, the revenue growth was 9%, driven by higher fee revenue and net interest income.
Fee and Interest Income
State Street Corp experienced an 11% increase in fee revenue during the third quarter of 2024, with notable growth in FX trading services, management fees, and servicing fees. Additionally, net interest income rose by 16%, primarily due to higher investment securities yields and loan growth.
Assets Under Management and Custody
As of the end of the third quarter of 2024, State Street Corp's assets under management (AUM) increased by 29% year-over-year to $4.7 trillion. Assets under custody and/or administration (AUC/A) also saw a 17% increase, reaching $46.8 trillion, driven by higher market levels and net new business.
Capital Return and Dividends
During the third quarter of 2024, State Street Corp returned a total of $674 million to common shareholders, which included $450 million in share repurchases and $224 million in declared dividends. The company maintained a strong capital position with a standardized common equity tier 1 (CET1) ratio of 11.6% at quarter-end.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
29186 M
Market cap (USD)
194,683
Daily traded volume (Shares)
99.31 / 98.28
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
Est P/E ratio
EPS (USD)
Est EPS (USD)
Ratings & reviews
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