OverviewSuggest Edit

State Street is a financial holding company providing a range of financial products and services to institutional investors. It has two lines of business, which are Investment Servicing and Investment Management. The Investment Servicing line of business performs core custody and related functions, such as providing institutional investors with clearing, settlement, and payment services. The Investment Management line of business, through State Street Global Advisors, offers a range of investment management strategies and products for its clients. Its investment management strategies and products span the risk/reward spectrum for equity, fixed income, and cash assets, including core and enhanced indexing, multi-asset strategies, active quantitative and fundamental active capabilities, and alternative investment strategies.
TypePublic
Founded1792
HQBoston, MA, US
Websitestatestreet.com
Employee Ratings3.4
Overall CultureD

Latest Updates

Employees (est.) (Mar 2022)39,335(+2%)
Job Openings2,367
Revenue (FY, 2020)$11.7 B
Share Price (May 2022)$69.2(+3%)
Cybersecurity ratingBMore
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Key People/Management at State Street

Ronald P. O'Hanley

Ronald P. O'Hanley

Chairman and Chief Executive Officer
Eric Aboaf

Eric Aboaf

Executive Vice President and Chief Financial Officer
Jacqueline Angell

Jacqueline Angell

Executive Vice President and Chief Compliance Officer
Sarah Berwick

Sarah Berwick

Executive Vice President and Chief Information Officer for Global Markets, Global Services and Global Delivery
Scott Carpenter

Scott Carpenter

Executive Vice President and Global Chief Operating Officer for Alternatives Investment Services
Mark Corteil

Mark Corteil

Executive Vice President and Chief Credit Officer and Head of Credit & Global Markets Risk
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State Street Office Locations

State Street has offices in Boston, Atlanta, Austin, Berwyn and in 54 other locations
Boston, MA, US (HQ)
One Lincoln Street
Atlanta, GA, US
Three Alliance Center 3550 Lenox Road, NE 14-15th Floors
Austin, TX, US
11501 Alterra Pkwy Suite 450
Berwyn, PA, US
300 Berwyn Park 801 Cassatt Road Suites 211 and 300
Boston, MA, US
1 Iron St
Charlotte, NC, US
307 W Tremont Ave
Show all (67)

State Street Financials and Metrics

State Street Revenue

State Street's revenue was reported to be $11.7 b in FY, 2020 which is a 0.5% decrease from the previous period.
USD

Revenue (Q1, 2022)

3.1b

Net income (Q1, 2022)

604.0m

Market capitalization (13-May-2022)

25.3b

Closing stock price (13-May-2022)

69.2

Cash (31-Mar-2022)

3.0b
State Street's current market capitalization is $25.3 b.
Annual
USDFY, 2018FY, 2019FY, 2020

Revenue

12.0b11.8b11.7b

Revenue growth, %

7%(2%)0%

Operating expense total

9.0b9.0b8.7b

Depreciation and amortization

226.0m236.0m234.0m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Revenue

2.9b2.9b2.9b3.1b2.9b2.8b3.0b3.0b3.0b3.1b

R&D expense

423.0m

Operating expense total

2.3b2.2b2.2b2.3b2.1b2.1b2.3b2.1b2.1b

Depreciation and amortization

60.0m59.0m59.0m58.0m58.0m59.0m58.0m63.0m62.0m61.0m
Annual
USDFY, 2018FY, 2019FY, 2020

Cash

3.6b3.3b3.5b

Accounts Receivable

343.0m432.0m379.0m

Prepaid Expenses

493.0m395.0m383.0m

PP&E

2.2b2.3b2.2b
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Cash

4.5b3.7b3.6b4.9b3.7b4.8b4.6b4.6b4.6b3.0b

Accounts Receivable

760.0m1.0b889.0m706.0m715.0m377.0m468.0m262.0m395.0m590.0m

Prepaid Expenses

520.0m549.0m430.0m452.0m446.0m411.0m461.0m447.0m474.0m

PP&E

2.2b2.2b2.3b2.2b2.2b2.2b2.1b2.2b2.2b2.2b
Annual
USDFY, 2018FY, 2019FY, 2020

Net Income

2.6b2.2b2.4b

Depreciation and Amortization

226.0m236.0m234.0m

Cash From Operating Activities

10.5b5.7b3.5b

Purchases of PP&E

(609.0m)(730.0m)(560.0m)
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Net Income

508.0m1.1b1.7b634.0m1.3b1.9b519.0m1.3b2.0b604.0m

Depreciation and Amortization

60.0m119.0m178.0m58.0m116.0m175.0m58.0m121.0m183.0m61.0m

Cash From Operating Activities

(495.0m)(80.0m)4.6b4.0b5.4b156.0m(3.7b)(11.3b)(10.9b)4.6b

Purchases of PP&E

(171.0m)(342.0m)(569.0m)(114.0m)(271.0m)(424.0m)(162.0m)(359.0m)(556.0m)(138.0m)
USDFY, 2018

Revenue/Employee

298.5k

Debt/Equity

0.6 x

Debt/Assets

0.1 x

Financial Leverage

9.9 x
Show all financial metrics

State Street Operating Metrics

State Street's Assets Under Management was reported to be $3.9t in Q3, 2021.
FY, 2018Q1, 2019Q2, 2019Q3, 2019FY, 2019Q1, 2020Q2, 2020Q3, 2020FY, 2020Q1, 2021Q2, 2021Q3, 2021

Assets Under Custody

$31.62 t$32.64 t$32.75 t$32.9 b$34.36 t$31.86 t$33.52 b$36.64 t$38.79 t$40.26 t$42.6 t$43.34 t

Assets Under Management

$2.51 t$2.81 t$2.92 t$2.95 t$3.12 t$2.69 t$3.05 t$3.15 t$3.47 t$3.59 t$3.9 t$3.86 t

Markets

100100100100100100100100100100100100
Show all operating metrics

State Street Acquisitions / Subsidiaries

Company NameDateDeal Size
BBH’s Investor ServicesSeptember 07, 2021$3.5 b
MercatusJuly 21, 2021
BestXAugust 17, 2018
Charles River DevelopmentJuly 20, 2018$2.6 b
GE Asset ManagementJuly 04, 2016
The National Bank of GeorgiaApril 05, 2016$68 m
ComplementaOctober 04, 2011
PFSOctober 16, 1996
Antrim Corporation
Charles River Systems
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State Street Revenue Breakdown

Embed Graph

State Street revenue breakdown by business segment: 83.1% from Investment Servicing and 16.9% from Investment Management

Show all human capital metrics

State Street Cybersecurity Score

Cybersecurity ratingPremium dataset

B

81/100

SecurityScorecard logo

State Street Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

CSRHub logo

State Street Online and Social Media Presence

Embed Graph

State Street Company Culture

  • Overall Culture

    D

    57/100

  • CEO Rating

    D

    58/100

  • Compensation

    C-

    60/100

  • Diversity

    C-

    60/100

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State Street News and Updates

Citi and State Street invest in FundGuard

Citi and State Street have joined a $40 million Series B funding round for AI-powered SaaS investment management and asset servicing enterprise platform FundGuard.

Thinking about trading options or stock in Tesla, Taiwan Semiconductor, State Street, Morgan Stanley, or Walmart?

NEW YORK, April 14, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for TSLA, TSM, STT, MS, and WMT. Click a link below then choose between in-depth options trade idea report or a stock score report. Options Report – Ideal trade ideas on up to seven different...

Thinking about trading options or stock in Ralph Lauren, State Street, Apple, Pfizer, or Netflix?

NEW YORK, March 31, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for RL, STT, AAPL, PFE, and NFLX. Click a link below then choose between in-depth options trade idea report or a stock score report. Options Report – Ideal trade ideas on up to seven different...

Hong Kong’s Biggest ETF Gets New Manager as State Street Removed

Hong Kong’s Biggest ETF Gets New Manager as State Street Removed

State Street Digital expands leadership team

State Street Corporation (NYSE: STT) today announced that State Street Digital, the firm’s dedicated digital division, has added three veteran digital executives to its leadership team.

State Street to enter digital custody business with Copper.co

State Street, one of the world's largest custodians, is to enter the digital asset safekeeping business using technology from London startup Copper.co.
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State Street Blogs

State Street Global Advisors Expands Sector Offerings With Launch of Three New Economy SPDR Kensho ETFs

Dateline City: BOSTON BOSTON--(BUSINESS WIRE)--State Street Global Advisors, the asset management business of State Street Corporation (NYSE: STT), today announced the expansion of its New Economy sector ETF lineup with th…

State Street Reports Third-Quarter 2018 EPS of $1.87, up 13%, and ROE of 14%, up 1 Percentage Point, Compared to 3Q17

Dateline City: BOSTON Net Interest Income Up 11% Compared to 3Q17 Pre-Tax Margin Increased Compared to 3Q17, Reflecting Continued Expense Management Completed …

State Street Corporation Declares Dividends on its Non-Cumulative Perpetual Preferred Stock Series “C,” “D,” “E,” “G,” and “H”

Dateline City: BOSTON BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE:STT) today announced cash dividends on each of the below outstanding series of non-cumulative perpetual preferred stock: Language: …

State Street Global Advisors Defines a Formula for Retirement Happiness

Dateline City: BOSTON BOSTON--(BUSINESS WIRE)--State Street Global Advisors, the asset management arm of State Street Corporation (NYSE: STT), announced today that it has defined a ‘formula for retirement happiness.…

State Street Releases New ESG Thought Leadership and a ‘Values Discovery Tool’ to Help Advisors Reframe the ESG Conversation

Dateline City: BOSTON BOSTON--(BUSINESS WIRE)--State Street Global Advisors, the asset management business of State Street Corporation (NYSE: STT), today released a new report, detailing how advisors can overcome the key…

State Street Appoints Angela Summonte as Head of Asset Owner and Official Institutions Sector Solutions EMEA

Dateline City: LONDON Contacts Nadia Hassini NHassini@StateStreet.com +44 203 395 7145 @StateStreet LONDON, 1 October, 2018 — State Street Corporation (NYSE: STT) announced to…
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State Street Frequently Asked Questions

  • When was State Street founded?

    State Street was founded in 1792.

  • Who are State Street key executives?

    State Street's key executives are Ronald P. O'Hanley, Eric Aboaf and Jacqueline Angell.

  • How many employees does State Street have?

    State Street has 39,335 employees.

  • What is State Street revenue?

    Latest State Street annual revenue is $11.7 b.

  • What is State Street revenue per employee?

    Latest State Street revenue per employee is $297.5 k.

  • Who are State Street competitors?

    Competitors of State Street include Citibank, Citi and BlackRock.

  • Where is State Street headquarters?

    State Street headquarters is located at One Lincoln Street, Boston.

  • Where are State Street offices?

    State Street has offices in Boston, Atlanta, Austin, Berwyn and in 54 other locations.

  • How many offices does State Street have?

    State Street has 67 offices.