OverviewSuggest Edit

State Street is a financial holding company providing a range of financial products and services to institutional investors. It operates in 2 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.

TypePublic
Founded1792
HQBoston, MA, US
Websitestatestreet.com
Employee Ratings3.3
Overall CultureF

Latest Updates

Employees (est.) (Jun 2020)39,068
Job Openings1,129
Revenue (FY, 2020)$11.7 B
Share Price (May 2021)$87.2(+4%)
Cybersecurity ratingBMore

Key People/Management at State Street

Ronald P. O'Hanley

Ronald P. O'Hanley

Chairman and Chief Executive Officer
Lena Reich

Lena Reich

Vice President, Business Development, State Street Bank International GmbH, München, Zürich Branch
Maria Cantillon

Maria Cantillon

Executive Vice President, Global Head of Sector Solutions, EMEA
Daniel Liechti

Daniel Liechti

Managing Director, Chief Operating Officer, State Street Bank International GmbH, Munich, Zurich Branch
Liz Nolan

Liz Nolan

Chief Executive Officer for EMEA
Timothy Pallot

Timothy Pallot

Vice President, Head of Global Services, Channel Islands
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State Street Office Locations

State Street has offices in Boston, Atlanta, Austin, Berwyn and in 57 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
Austin, TX, US
816 Congress Ave Suite 1450, 14th Floor
Berwyn, PA, US
801 Old Cassatt Rd #300
Boston, MA, US
100 Summer Street, 100 Summer St
Show all (77)

State Street Financials and Metrics

State Street Revenue

State Street's revenue was reported to be $11.7 b in FY, 2020
USD

Revenue (FY, 2020)

11.7b

Net income (FY, 2020)

2.4b

Market capitalization (7-May-2021)

30.3b

Closing stock price (7-May-2021)

87.2

Cash (31-Dec-2020)

3.5b

EV

26.9b
State Street's current market capitalization is $30.3 b.
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Revenue

11.2b12.0b11.8b11.7b

Revenue growth, %

9%7%(2%)

Sales and marketing expense

77.0m

R&D expense

1.6b
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

3.0b3.0b3.0b2.9b2.9b2.9b3.1b2.9b2.8b

Operating expense total

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

Depreciation and amortization

50.0m48.0m47.0m60.0m59.0m59.0m58.0m58.0m59.0m

Interest expense

199.0m248.0m244.0m354.0m394.0m357.0m204.0m115.0m42.0m
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Cash

2.1b3.6b3.3b3.5b

Accounts Receivable

348.0m343.0m432.0m379.0m

Prepaid Expenses

364.0m493.0m395.0m

PP&E

2.2b2.2b2.3b2.2b
Quarterly
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Net Income

2.2b2.6b2.2b2.4b

Depreciation and Amortization

214.0m226.0m236.0m234.0m

Cash From Operating Activities

6.9b10.5b5.7b3.5b

Purchases of PP&E

(637.0m)(609.0m)(730.0m)(560.0m)
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Net Income

661.0m1.4b2.2b508.0m1.1b1.7b634.0m1.3b1.9b

Depreciation and Amortization

50.0m98.0m145.0m60.0m119.0m178.0m58.0m116.0m175.0m

Cash From Operating Activities

4.8b3.4b8.8b(495.0m)(80.0m)4.6b4.0b5.4b156.0m

Purchases of PP&E

(147.0m)(285.0m)(436.0m)(171.0m)(342.0m)(569.0m)(114.0m)(271.0m)(424.0m)
USDFY, 2017

Revenue/Employee

304.8k

Debt/Equity

0.6 x

Debt/Assets

0.1 x

Financial Leverage

10.7 x
Show all financial metrics

State Street Operating Metrics

State Street's Assets Under Management was reported to be $3.1t in Q3, 2020.
FY, 2017Q1, 2018Q2, 2018Q3, 2018FY, 2018Q1, 2019Q2, 2019Q3, 2019FY, 2019Q1, 2020Q2, 2020Q3, 2020

Assets Under Custody

$33.12 t$33.28 t$33.87 t$34 t$31.62 t$32.64 t$32.75 t$32.9 b$34.36 t$31.86 t$33.52 b$36.64 t

Assets Under Management

$2.78 t$2.73 t$2.72 t$2.81 t$2.51 t$2.81 t$2.92 t$2.95 t$3.12 t$2.69 t$3.05 t$3.15 t

Markets

100100100100100100100100100100100100
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State Street Acquisitions / Subsidiaries

Company NameDateDeal Size
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
Charles River Systems, Inc
Currenex, Inc
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State Street Revenue Breakdown

Embed Graph

State Street revenue breakdown by business segment: 16.3% from Investment Management and 83.7% from Investment Servicing

Human Capital Metrics

Embed Graph
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State Street Cybersecurity Score

Cybersecurity ratingPremium dataset

B

84/100

SecurityScorecard logo

State Street Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

60-79

out of 100

CSRHub logo

State Street Online and Social Media Presence

Embed Graph

State Street Company Culture

  • Overall Culture

    F

    43/100

  • CEO Rating

    F

    47/100

  • Compensation

    C

    62/100

Learn more on Comparably

State Street News and Updates

State Street ships indicator to track bitcoin media sentiment

State Street Corporation (NYSE:STT) today announced the launch of a new Bitcoin Thematic Indicator series to help contextualize the rising popularity of Bitcoin and how it is impacting more traditional financial markets.

State Street appoints global chief architect

State Street has appointed Aman Thind as global chief architect as the company seeks to to extend its influence in the digital asset space.

State Street to Provide Range of Middle Office Services for M&G Corporate Services Limited via Aladdin

The agreement builds on a 10-year strategic partnership with M&G that will see State Street extend its current fund accounting and custody services for the wholesale fund ranges to provide middle office services, including portfolio services, reference data, cash reporting, transaction managemen…

M&G outsources middle office to State Street

State Street Corporation (NYSE: STT) today announced that it has been appointed by M&G Corporate Services Limited, part of M&G plc, (M&G) to provide outsourced middle office services.

State Street Stock Is Up 19% YTD, Is It Overpriced?

Having gained close to 100% since the March 23 lows of last year, at the current price near $86 per share, we believe State Street’s stock is slightly overpriced. State Street, the custody banking giant, has seen its stock increase from $43 to $86 off the March 2020 bottom compared to the S&P 50…

State Street appoints LAB Group to automate investor onboarding

State Street Corporation (NYSE: STT) today announced the appointment of Australia’s LAB Group to introduce electronic investor onboarding capabilities for its fund manager clients in Australia, using LAB Group’s platform.
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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, Lena Reich and Maria Cantillon.

  • How many employees does State Street have?

    State Street has 39,068 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 $299.6 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 57 other locations.

  • How many offices does State Street have?

    State Street has 77 offices.