Last $71.45 USD
Change Today -0.11 / -0.15%
Volume 2.1M
STT On Other Exchanges
Symbol
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As of 8:04 PM 07/25/14 All times are local (Market data is delayed by at least 15 minutes).

state street corp (STT) Snapshot

Open
$71.19
Previous Close
$71.56
Day High
$71.48
Day Low
$70.89
52 Week High
01/6/14 - $76.24
52 Week Low
05/16/14 - $62.67
Market Cap
30.8B
Average Volume 10 Days
3.0M
EPS TTM
$4.93
Shares Outstanding
430.4M
EX-Date
09/29/14
P/E TM
14.5x
Dividend
$1.20
Dividend Yield
1.51%
Current Stock Chart for STATE STREET CORP (STT)

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state street corp (STT) Details

State Street Corporation provides various financial services and products to institutional investors worldwide. The company offers investment servicing products and services, which include 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. The company’s investment management products and services include investment management, investment research, and investment advisory services; strategies for managing passive and active financial assets, such as enhanced indexing and fixed-income securities; and exchange-traded funds. It 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.

29,420 Employees
Last Reported Date: 07/22/14
Founded in 1832

state street corp (STT) Top Compensated Officers

Chairman, Chief Executive Officer, President,...
Total Annual Compensation: $1.0M
Chief Financial Officer, Interim Chief Accoun...
Total Annual Compensation: $415.4K
Chief Executive Officer of State Street Globa...
Total Annual Compensation: $800.0K
Executive Vice President and Head of Global M...
Total Annual Compensation: $908.7K
Vice Chairman and Head of All Europe & Asia/P...
Total Annual Compensation: $800.0K
Compensation as of Fiscal Year 2013.

state street corp (STT) Key Developments

State Street Announces Executive Changes

State Street appointed Kevin Wong as head of sector solutions for Asia Pacific. Wong was with Citigroup Inc, where he was securities and fund services business country manager for China. He is to take the place of Chris Taylor, who recently took over as head of State Street's global services and global markets businesses in Australia.

State Street Corporation Reports Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

State Street Corporation reported consolidated earnings results for the second quarter ended June 30, 2014. The company announced earnings per common share (EPS) of $1.38 increased from $0.81 in the first quarter of 2014 and from $1.24 in the second quarter of 2013. The comparison with the first quarter reflects the seasonal deferred incentive compensation expense for retirement-eligible employees and payroll taxes in the first quarter of 2014, as well as the seasonal increase in second-quarter 2014 securities finance revenue. Net income available to common shareholders of $602 million increased from $356 million in the first quarter of 2014 and from $571 million in the second quarter of 2013. Revenue of $2.60 billion increased from $2.49 billion in the first quarter of 2014 and from $2.56 billion in the second quarter of 2013. Net interest revenue of $561 million increased from $555 million in the first quarter of 2014 and decreased from $596 million in the second quarter of 2013. on average common shareholders' equity (ROE) of 11.9% increased from 7.2% in the first quarter of 2014 and from 11.3% in the second quarter of 2013. On non-GAAP basis, EPS of $1.39 increased from $0.99 in the first quarter of 2014 and increased from $1.24 in the second quarter of 2013. The comparison with the first quarter reflects the seasonal deferred incentive compensation expense for retirement-eligible employees and payroll taxes in the first quarter of 2014, as well as the seasonal increase in second-quarter 2014 securities finance revenue. Net income available to common shareholders of $603 million increased from $433 million in the first quarter of 2014 and from $571 million in the second quarter of 2013. Revenue of $2.68 billion increased from $2.56 billion in the first quarter of 2014 and from $2.58 billion in the second quarter of 2013. Net interest revenue of $575 million increased from $572 million in the first quarter of 2014 and decreased from $582 million in the second quarter of 2013. ROE of 11.9% increased from 8.8% in the first quarter of 2014 and from 11.3% in the second quarter of 2013. Second-quarter revenue growth driven by stronger global equity markets, net new business and the seasonal benefit from securities finance activity. For the six months, the company announced net income available to common shareholders of $958 million, or $2.19 per diluted share, compared to $1.03 billion, or $2.22 per diluted share, for the six months ended June 30, 2013. Total revenue was $5.08 billion compared to $4.99 billion for the six months ended June 30, 2013.

State Street Corporation Declares Quarterly Dividends on its Common Stock and its Non-Cumulative Perpetual Preferred Stock Series 'C' and Series 'D', Payable on October 16, 2014 and September 15, 2014

State Street Corporation announced a quarterly cash dividend of $0.30 per share of common stock, payable on October 16, 2014 to common shareholders of record as of October 1, 2014. State Street Corporation also declared a quarterly cash dividend on each of its outstanding series of non-cumulative perpetual preferred stock, as follows: 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, 2014 to the holders of record of the Series C preferred stock at the close of business on September 2, 2014. 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, 2014 to the holders of record of the Series D preferred stock at the close of business on September 2, 2014.

 

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Industry Analysis

STT

Industry Average

Valuation STT Industry Range
Price/Earnings 15.6x
Price/Sales 3.1x
Price/Book 1.5x
Price/Cash Flow 14.8x
TEV/Sales NM Not Meaningful
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