Last $67.61 USD
Change Today -0.09 / -0.13%
Volume 1.6M
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As of 8:04 PM 07/11/14 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

State Street Financial Center

One Lincoln Street

Boston, MA 02111

United States

Phone: 617-786-3000

Fax:

State Street Corporation operates as the holding company for State Street Bank and Trust Company that provides a range of financial products and services to institutional investors. The company operates in approximately 100 geographic markets worldwide, including the U.S., Canada, Europe, the Middle East, and Asia. Lines of Business The company has two lines of business, Investment Servicing and Investment Management. Investment Servicing The Investment Servicing products and services include custody; deposit-taking; 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 provides mutual fund custody and accounting services in the U.S. It offers clients a range of integrated products and services, including accounting, daily pricing and fund administration. The company services U.S. tax-exempt assets for corporate and public pension funds, and provides trust and valuation services for daily-priced portfolios. The company is a service provider outside of the U.S. as well. In Germany, Italy, France and Luxembourg, the company provides depotbank services (a fund oversight role created by regulation) for retail and institutional fund assets, as well as custody and other services to pension plans and other institutional clients. In the U.K., the company provides custody services for pension fund assets and administration services for mutual fund assets. The company is an alternative asset servicing provider worldwide, servicing hedge, private equity and real estate funds. Investment Management The company provides Investment Management services through State Street Global Advisors (SSgA). SSgA provides an array of investment management, investment research and investment advisory services to corporations, public funds and other sophisticated investors. SSgA offers strategies for managing financial assets, including passive and active, such as enhanced indexing, using quantitative and fundamental methods for both U.S. and global equities and fixed-income securities. SSgA also offers exchange-traded funds (ETFs), such as the SPDR ETF brand. Loan Portfolio As of December 31, 2013, the company’s loan portfolio included investment funds; commercial and financial loans; purchased receivables; lease financing; and commercial real estate loans. Commercial and financial class includes lending to corporate borrowers, including broker/dealers. Purchased receivables represent undivided interests in securitized pools of underlying third-party receivables. Lease financing includes its investment in leveraged lease financing. Investment Securities As of December 31, 2013, the company’s investment portfolio included U.S. treasury and federal agencies, such as direct obligations and mortgage-backed securities; asset-backed securities, such as student loans, credit cards, sub-prime, and other asset-backed securities; non-U.S. debt securities, such as mortgage-backed securities, asset-backed securities, government securities, and other non-U.S. debt securities; State and political subdivisions; collateralized mortgage obligations; other U.S. debt securities; U.S. equity securities; and non-U.S. equity securities. Customers The company’s clients include mutual funds, collective investment funds and other investment pools, corporate and public retirement plans, insurance companies, foundations, endowments, and investment managers. Regulations The company is registered with the Board of Governors of the Federal Reserve System (the Federal Reserve) as a bank holding company pursuant to the Bank Holding Company Act of 1956. Some aspects of the company’s public disclosure, corporate governance principles, and internal control systems are subject to the Sarbanes-Oxley Act of 2002, the Dodd-Frank Wall Street Reform and Consumer Protectio

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STT

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Valuation STT Industry Range
Price/Earnings 15.2x
Price/Sales 2.9x
Price/Book 1.5x
Price/Cash Flow 14.3x
TEV/Sales NM Not Meaningful
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