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Last $76.56 USD
Change Today -0.59 / -0.76%
Volume 1.9M
STT On Other Exchanges
Symbol
Exchange
New York
Mexico
Frankfurt
As of 8:04 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

state street corp (STT) Snapshot

Open
$77.15
Previous Close
$77.15
Day High
$77.33
Day Low
$76.41
52 Week High
07/23/15 - $81.26
52 Week Low
10/16/14 - $64.21
Market Cap
31.5B
Average Volume 10 Days
2.5M
EPS TTM
$4.35
Shares Outstanding
411.7M
EX-Date
06/29/15
P/E TM
17.6x
Dividend
$1.36
Dividend Yield
1.62%
Current Stock Chart for STATE STREET CORP (STT)

state street corp (STT) Related Businessweek News

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state street corp (STT) Details

State Street Corporation provides a range of financial products and services to institutional investors worldwide. The company offers investment servicing products and services, including custody; product- and participant-level accounting; daily pricing and administration; master trust and master custody; record-keeping; cash management; foreign exchange, brokerage, and other trading services; securities finance; deposit and short-term investment facilities; loans and lease financing; investment manager and alternative investment manager operations outsourcing; and performance, risk, and compliance analytics. It also provides investment management services, such as investment management, investment research, and investment advisory services to corporations, public funds, and other sophisticated investors, as well as offers active and passive asset management strategies for equity, fixed-income, and cash asset classes. The company serves 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 1832 and is headquartered in Boston, Massachusetts.

31,070 Employees
Last Reported Date: 07/24/15
Founded in 1832

state street corp (STT) Top Compensated Officers

Chairman, Chief Executive Officer, Chairman o...
Total Annual Compensation: $1.0M
President and Chief Operating Officer
Total Annual Compensation: $908.7K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $800.0K
Vice Chairman and Head of The Office of Regul...
Total Annual Compensation: $823.1K
Vice Chairman and Head of All Europe & Asia/P...
Total Annual Compensation: $800.0K
Compensation as of Fiscal Year 2014.

state street corp (STT) Key Developments

State Street Corporation Reports Earnings Results for the Six Months Ended June 30, 2015

State Street Corporation reported earnings results for the six months ended June 30, 2015. For the six months, the company reported net income available to common shareholders for the six months ended June 30, 2015 was $770 million, or $1.84 per diluted share, compared to $958 million, or $2.19 per diluted share, for the same period ended June 30, 2014. Net interest revenue for the six months ended June 30, 2015 was $1.08 billion, compared to $1.12 billion for the same period ended June 30, 2014.

State Street Corporation Names Lou Maiuri to Head its Global Exchange Business

State Street Corporation announced that it has named Lou Maiuri to head its Global Exchange business. Maiuri, an executive vice president and industry veteran with more than 25 years of experience in technology and financial services, will report directly to Mike Rogers, president and chief operating officer of State Street. Prior to joining State Street in October 2013, Maiuri held various roles at BNY Mellon including deputy chief executive officer of asset servicing, head of the global financial institutions group within the asset servicing business and also as a member of the Operating Committee.

State Street Corporation Reports Consolidated Earnings Results for the Second Quarter Ended June 30, 2015

State Street Corporation reported consolidated earnings results for the second quarter ended June 30, 2015. The company announced earnings per common share (EPS) of $0.94 increased from $0.90 in the first quarter of 2015 and decreased from $1.38 in the second quarter of 2014. Second and first-quarter 2015 results include net after-tax charges of $156 million and $150 million, or $0.37 and $0.36 per share, respectively, to increase legal accrual associated with indirect foreign exchange matters. Net income available to common shareholders of $393 million increased from $377 million in the first quarter of 2015 and decreased from $602 million in the second quarter of 2014. Revenue of $2.61 billion was flat against the first quarter of 2015 and increased from $2.60 billion in the second quarter of 2014. Net interest revenue of $535 million decreased from $546 million in the first quarter of 2015 and from $561 million in the second quarter of 2014. Return on average common shareholders' equity (ROE) of 8.3% increased from 7.9% in the first quarter of 2015 and decreased from 11.9% in the second quarter of 2014. On non-GAAP basis, EPS of $1.37 increased from $1.17 in the first quarter of 2015 and decreased from $1.39 in the second quarter of 2014. Net income available to common shareholders of $569 million increased from $491 million in the first quarter of 2015 and decreased from $603 million in the second quarter of 2014. Revenue of $2.73 billion increased from $2.68 billion in each of the first quarter of 2015 and second quarter of 2014. Net interest revenue of $556 million decreased from $565 million in the first quarter of 2015 and from $575 million in the second quarter of 2014. Operating-basis net interest revenue excluded discount accretion on former conduit securities of $23 million, $25 million and $28 million for the second quarter of 2015, the first quarter of 2015, and the second quarter of 2014, respectively. Operating-basis net interest revenue for all quarters is presented on a fully taxable-equivalent basis. ROE of 12.0% increased from 10.4% in the first quarter of 2015 and was flat with 11.9% in the second quarter of 2014.

 

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Industry Analysis

STT

Industry Average

Valuation STT Industry Range
Price/Earnings 18.3x
Price/Sales 3.0x
Price/Book 1.7x
Price/Cash Flow 16.9x
TEV/Sales NM Not Meaningful
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