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Last $71.45 USD
Change Today +0.63 / 0.89%
Volume 2.3M
STT On Other Exchanges
Symbol
Exchange
New York
Mexico
Frankfurt
As of 8:04 PM 09/3/15 All times are local (Market data is delayed by at least 15 minutes).

state street corp (STT) Snapshot

Open
$71.00
Previous Close
$70.82
Day High
$72.23
Day Low
$70.80
52 Week High
07/23/15 - $81.26
52 Week Low
10/16/14 - $64.21
Market Cap
29.2B
Average Volume 10 Days
3.3M
EPS TTM
$5.08
Shares Outstanding
408.1M
EX-Date
09/29/15
P/E TM
14.1x
Dividend
$1.36
Dividend Yield
1.74%
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: 08/7/15
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 Declares Quarterly Dividends on its Common Stock and its Non-Cumulative Perpetual Preferred Stock Series C, Series D, Series E, and Series F, Payable on October 15, 2015 and September 15, 2015, Respectively

State Street Corporation announced a quarterly cash dividend of $0.34 per share of common stock, payable on October 15, 2015 to common shareholders of record as of October 1, 2015. State Street Corporation also announced a quarterly cash dividend on each of its outstanding series of non-cumulative perpetual preferred stock: Series C (represented by depositary shares, each representing a 1/4000th interest in a share of Series C preferred stock). The cash dividend is in the amount of $1,312.50 per share of Series C preferred stock (resulting in a distribution of approximately $0.3281 per depositary share) and is payable on September 15, 2015 to the holders of record of the Series C preferred stock at the close of the business on September 8, 2015. Series D (represented by depositary shares, each representing a 1/4000th interest in a share of Series D preferred stock). The cash dividend is in the amount of $1,475.00 per share of Series D preferred stock (resulting in a distribution of approximately $0.3687 per depositary share) and is payable on September 15, 2015 to the holders of record of the Series D preferred stock at the close of the business on September 8, 2015. Series E (represented by depositary shares, each representing a 1/4000th interest in a share of Series E preferred stock). The cash dividend is in the amount of $1,500.00 per share of Series E preferred stock (resulting in a distribution of approximately $0.3750 per depositary share) and is payable on September 15, 2015 to the holders of record of the Series E preferred stock at the close of the business on September 8, 2015. Series F (represented by depositary shares, each representing a 1/100th interest in a share of Series F preferred stock). The cash dividend is in the amount of $1,662.50 per share of Series F preferred stock (resulting in a distribution of approximately $16.6250 per depositary share) and is payable on September 15, 2015 to the holders of record of the Series F preferred stock at the close of the business on September 8, 2015.

State Street Corporation Announces Resignation of Robert S. Kaplan from the Board of Directors

On August 17, 2015, the Federal Reserve Bank of Dallas announced the appointment of Robert S. Kaplan as its president and chief executive officer, effective September 8, 2015. In connection with this appointment, Mr. Kaplan resigned from the board of directors of State Street Corporation, effective August 20, 2015.

State Street Seeks Acquisitions

State Street Corporation (NYSE:STT) is seeking acquisitions. State Street intends to use the net proceeds of the offering for general corporate purposes, which may include, without limitation, working capital, capital expenditures, investments in or loans to our subsidiaries, refinancing of outstanding indebtedness, refinancing of outstanding capital securities, share repurchases, dividends, funding potential future acquisitions and satisfaction of other obligations.

 

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Industry Analysis

STT

Industry Average

Valuation STT Industry Range
Price/Earnings 16.8x
Price/Sales 2.8x
Price/Book 1.5x
Price/Cash Flow 15.3x
TEV/Sales NM Not Meaningful
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