State Street
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.
| Type | Public | |
| Founded | 1792 | |
| HQ | Boston, MA, US | Map |
| Website | statestreet.com | |
| Employee Ratings | More | |
| Overall Culture | D | More |
Recent NewsAll News
- Citi and State Street invest in FundGuard
- Thinking about trading options or stock in Tesla, Taiwan Semiconductor, State Street, Morgan Stanley, or Walmart?
- Thinking about trading options or stock in Ralph Lauren, State Street, Apple, Pfizer, or Netflix?
- Hong Kong’s Biggest ETF Gets New Manager as State Street Removed
Key People/Management at State Street
Ronald P. O'Hanley
Chairman and Chief Executive Officer
Eric Aboaf
Executive Vice President and Chief Financial Officer
Jacqueline Angell
Executive Vice President and Chief Compliance Officer
Sarah Berwick
Executive Vice President and Chief Information Officer for Global Markets, Global Services and Global Delivery
Scott Carpenter
Executive Vice President and Global Chief Operating Officer for Alternatives Investment Services
Mark Corteil
Executive Vice President and Chief Credit Officer and Head of Credit & Global Markets Risk
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
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
Annual
Quarterly
| USD | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 | Q1, 2022 |
|---|---|---|---|---|---|---|---|---|---|---|
Cash | 4.5b | 3.7b | 3.6b | 4.9b | 3.7b | 4.8b | 4.6b | 4.6b | 4.6b | 3.0b |
Accounts Receivable | 760.0m | 1.0b | 889.0m | 706.0m | 715.0m | 377.0m | 468.0m | 262.0m | 395.0m | 590.0m |
Prepaid Expenses | 520.0m | 549.0m | 430.0m | 452.0m | 446.0m | 411.0m | 461.0m | 447.0m | 474.0m | |
PP&E | 2.2b | 2.2b | 2.3b | 2.2b | 2.2b | 2.2b | 2.1b | 2.2b | 2.2b | 2.2b |
Annual
Quarterly
| USD | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 | Q1, 2022 |
|---|---|---|---|---|---|---|---|---|---|---|
Net Income | 508.0m | 1.1b | 1.7b | 634.0m | 1.3b | 1.9b | 519.0m | 1.3b | 2.0b | 604.0m |
Depreciation and Amortization | 60.0m | 119.0m | 178.0m | 58.0m | 116.0m | 175.0m | 58.0m | 121.0m | 183.0m | 61.0m |
Cash From Operating Activities | (495.0m) | (80.0m) | 4.6b | 4.0b | 5.4b | 156.0m | (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) |
| USD | FY, 2018 |
|---|---|
Revenue/Employee | 298.5k |
Debt/Equity | 0.6 x |
Debt/Assets | 0.1 x |
Financial Leverage | 9.9 x |
State Street Operating Metrics
State Street's Assets Under Management was reported to be $3.9t in Q3, 2021.
| FY, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | FY, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | FY, 2020 | Q1, 2021 | Q2, 2021 | Q3, 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 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
State Street Acquisitions / Subsidiaries
| Company Name | Date | Deal Size |
|---|---|---|
| BBH’s Investor Services | September 07, 2021 | $3.5 b |
| Mercatus | July 21, 2021 | |
| BestX | August 17, 2018 | |
| Charles River Development | July 20, 2018 | $2.6 b |
| GE Asset Management | July 04, 2016 | |
| The National Bank of Georgia | April 05, 2016 | $68 m |
| Complementa | October 04, 2011 | |
| PFS | October 16, 1996 | |
| Antrim Corporation | ||
| Charles River Systems |
State Street Revenue Breakdown
State Street revenue breakdown by business segment: 83.1% from Investment Servicing and 16.9% from Investment Management
State Street Cybersecurity Score
State Street Environment, Social & Governance (ESG) Ratings
State Street Online and Social Media Presence
53.25k Twitter followers
State Street has 53.25k Twitter Followers. The number of followers has increased 0.4% month over month and increased 1.2% quarter over quarter
State Street's Trends
Twitter Engagement Stats for @StateStreet
10.4k
Tweets
1.4k
Following
53.3k
Followers
60
Tweets last 30 days
2.2
Avg. likes per Tweet
80%
Tweets with engagement
State Street Company Culture
Overall Culture
D
57/100
CEO Rating
D
58/100
Compensation
C-
60/100
Diversity
C-
60/100
State Street News and Updates
April 21, 2022
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.
April 14, 2022
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...
March 31, 2022
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...
March 29, 2022
Hong Kong’s Biggest ETF Gets New Manager as State Street Removed
Hong Kong’s Biggest ETF Gets New Manager as State Street Removed
March 15, 2022
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.
March 10, 2022
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.
State Street Blogs
October 23, 2018
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…
October 19, 2018
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 …
October 18, 2018
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:
…
October 11, 2018
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.…
October 02, 2018
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…
October 02, 2018
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…
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.
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