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State Street (STT) Stock

Profile

Country:

United States

IPO:

17 March 1980

Indexes:

Description:

State Street Corporation is the largest financial holding company in the United States. Founded in 1969, its headquarters are located in Boston. It primarily operates through its main subsidiary, State Street Bank, which was established in 1792 (the current name was adopted in 1960, prior to that it was Union Bank). State Street Bank acts as a specialized bank, known as a trust or custodial bank, serving and managing assets on behalf of its institutional clients. The range of services provided is divided into two main areas: - Investment servicing - banking functions such as fund custody and related services, including clearing, settlement, and payment services; foreign exchange, brokerage, and other trading services; loans and leasing; administrative services. - Investment management - a wide range of investment management strategies and products for clients.

Key Details

Price

$98.11

TTM Dividend Yield

2.96%(-13.45% YoY)

PE Ratio

15.50(+10.09% YoY)

Beta

0.72

Events Calendar

Earnings

Next earnings date:

Jan 17, 2025

Recent quarterly earnings:

Oct 15, 2024

Recent annual earnings:

Jan 19, 2024
Dividend

Next ex-dividend date:

N/A

Recent ex-dividend date:

Jan 02, 2025
Splits

Next split:

N/A

Recent split:

May 31, 2001

Analyst ratings

Recent major analysts updates

03 Jan '25 Morgan Stanley
Overweight
02 Jan '25 Wells Fargo
Overweight
09 Dec '24 Morgan Stanley
Overweight
03 Dec '24 Keefe, Bruyette & Woods
Outperform
15 Nov '24 Wells Fargo
Overweight
11 Nov '24 Deutsche Bank
Hold
16 Oct '24 Wells Fargo
Overweight
16 Oct '24 Morgan Stanley
Equal-Weight
16 Oct '24 Evercore ISI Group
Outperform
16 Oct '24 Barclays
Overweight

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Institutional Ownership

Will State Street (STT) Beat Estimates Again in Its Next Earnings Report?
Will State Street (STT) Beat Estimates Again in Its Next Earnings Report?
Will State Street (STT) Beat Estimates Again in Its Next Earnings Report?
STT
zacks.com03 January 2025

State Street (STT) has a strong track record of surprising with its earnings and currently has the right mix of factors that suggest it may exceed expectations in its upcoming quarterly report.

State Street Corporation Declares Common Stock Dividend
State Street Corporation Declares Common Stock Dividend
State Street Corporation Declares Common Stock Dividend
STT
businesswire.com19 December 2024

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) has declared a quarterly cash dividend of $0.76 per share for its common stock, which will be paid on January 13, 2025, to shareholders who are on record as of January 2, 2025. State Street Corporation is a top provider of financial services for institutional investors, offering services such as investment management, servicing, and research.

Easing Regulations To Help State Street's Stock?
Easing Regulations To Help State Street's Stock?
Easing Regulations To Help State Street's Stock?
STT
forbes.com17 December 2024

State Street's stock (NYSE: STT), a firm that offers various financial services to institutional investors, has performed well this year, increasing by around 29% so far. In contrast, BNY's stock (NYSE: BK) has risen by approximately 57% during the same timeframe.

State Street Announces Partnership with Harris | Oakmark for State Street Alpha®
State Street Announces Partnership with Harris | Oakmark for State Street Alpha®
State Street Announces Partnership with Harris | Oakmark for State Street Alpha®
STT
businesswire.com10 December 2024

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) has announced that Harris | Oakmark is now using State Street Alpha®, their comprehensive asset servicing platform for institutional investment managers. This comes after Harris | Oakmark chose State Street as their strategic operating partner less than a year ago. Based in Chicago, Harris | Oakmark manages around $104 billion in assets as of September 30, 2024.

State Street Corporation (NYSE: STT) Announces Date for Release of Fourth-Quarter and Full-Year 2024 Financial Results and Conference Call Webcast
State Street Corporation (NYSE: STT) Announces Date for Release of Fourth-Quarter and Full-Year 2024 Financial Results and Conference Call Webcast
State Street Corporation (NYSE: STT) Announces Date for Release of Fourth-Quarter and Full-Year 2024 Financial Results and Conference Call Webcast
STT
businesswire.com06 December 2024

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) is set to release its financial results for the fourth quarter and the entire year of 2024 on Friday, January 17, 2025, around 7:30 a.m. ET. A conference call to discuss these results will take place at 11:00 a.m. ET, which can be accessed through an audio webcast on State Street's Investor Relations website or by calling (+1) 800 717 1738 (Conference ID: 30802). Additional materials will be provided.

Stocks and bonds haven't moved together like this in three decades – and that's putting portfolios at risk, says State Street
Stocks and bonds haven't moved together like this in three decades – and that's putting portfolios at risk, says State Street
Stocks and bonds haven't moved together like this in three decades – and that's putting portfolios at risk, says State Street
STT
marketwatch.com04 December 2024

A so-called balanced portfolio is not truly balanced due to the relationship between stock and bond returns, as well as the heavy focus on stocks.

State Street to Speak at the Goldman Sachs 2024 U.S. Financial Services Conference
State Street to Speak at the Goldman Sachs 2024 U.S. Financial Services Conference
State Street to Speak at the Goldman Sachs 2024 U.S. Financial Services Conference
STT
businesswire.com29 November 2024

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) has announced that its Chairman and CEO, Ron O'Hanley, along with Vice Chairman and CFO, Eric Aboaf, will speak at the Goldman Sachs U.S. Financial Services Conference in New York on Tuesday, December 10, 2024, around 3:40 pm ET. You can listen to the event through an audio webcast available on State Street's Investor Relations website at https://investors.statestreet.com/.

Why Is State Street (STT) Up 2.5% Since Last Earnings Report?
Why Is State Street (STT) Up 2.5% Since Last Earnings Report?
Why Is State Street (STT) Up 2.5% Since Last Earnings Report?
STT
zacks.com14 November 2024

State Street (STT) shared its earnings report 30 days ago. What can we expect for the stock moving forward?

State Street Names Patricia Halliday to Board of Directors
State Street Names Patricia Halliday to Board of Directors
State Street Names Patricia Halliday to Board of Directors
STT
businesswire.com13 November 2024

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE:STT) has announced that Patricia Halliday has been elected to its Board of Directors. At 58 years old, Ms. Halliday brings over 30 years of experience in financial services, working in investment, corporate, and retail banking across the UK, Europe, and the US. She has also gained significant expertise in risk management through various leadership positions, including her role as chief risk officer at Santander.

State Street Corporation Declares Dividends on its Non-Cumulative Perpetual Preferred Stock Series “G,” “I,” and “J”
State Street Corporation Declares Dividends on its Non-Cumulative Perpetual Preferred Stock Series “G,” “I,” and “J”
State Street Corporation Declares Dividends on its Non-Cumulative Perpetual Preferred Stock Series “G,” “I,” and “J”
STT
businesswire.com08 November 2024

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) has declared a cash dividend for its non-cumulative perpetual preferred stock, specifically Series G, which is represented by depositary shares. The dividend will be $1,337.50 for each Series G preferred stock, translating to about $0.334375 per depositary share. This payment is scheduled for December 16, 2023.

FAQ

  • What is the primary business of State Street?
  • What is the ticker symbol for State Street?
  • Does State Street pay dividends?
  • What sector is State Street in?
  • What industry is State Street in?
  • What country is State Street based in?
  • When did State Street go public?
  • Is State Street in the S&P 500?
  • Is State Street in the NASDAQ 100?
  • Is State Street in the Dow Jones?
  • When was State Street's last earnings report?
  • When does State Street report earnings?
  • Should I buy State Street stock now?

What is the primary business of State Street?

State Street Corporation is the largest financial holding company in the United States. Founded in 1969, its headquarters are located in Boston. It primarily operates through its main subsidiary, State Street Bank, which was established in 1792 (the current name was adopted in 1960, prior to that it was Union Bank). State Street Bank acts as a specialized bank, known as a trust or custodial bank, serving and managing assets on behalf of its institutional clients. The range of services provided is divided into two main areas: - Investment servicing - banking functions such as fund custody and related services, including clearing, settlement, and payment services; foreign exchange, brokerage, and other trading services; loans and leasing; administrative services. - Investment management - a wide range of investment management strategies and products for clients.

What is the ticker symbol for State Street?

The ticker symbol for State Street is NYSE:STT

Does State Street pay dividends?

Yes, State Street pays dividends. The last payment was $0.76, with an ex-dividend date on 02 January 2025

What sector is State Street in?

State Street is in the Financial Services sector

What industry is State Street in?

State Street is in the Asset Management industry

What country is State Street based in?

State Street is headquartered in United States

When did State Street go public?

State Street's initial public offering (IPO) was on 17 March 1980

Is State Street in the S&P 500?

Yes, State Street is included in the S&P 500 index

Is State Street in the NASDAQ 100?

No, State Street is not included in the NASDAQ 100 index

Is State Street in the Dow Jones?

No, State Street is not included in the Dow Jones index

When was State Street's last earnings report?

State Street's most recent earnings report was on 15 October 2024

When does State Street report earnings?

The next expected earnings date for State Street is 17 January 2025

Should I buy State Street stock now?

As of today, analysts generally recommend a 'Buy' rating. However, it's important to do your own research and consider your financial situation before making any investment decisions