State Street
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.
| Type | Public | |
| Founded | 1792 | |
| HQ | Boston, MA, US | Map |
| Website | statestreet.com | |
| Employee Ratings | More | |
| Overall Culture | F | More |
Key People/Management at State Street
Ronald P. O'Hanley
Chairman and Chief Executive Officer
Lena Reich
Vice President, Business Development, State Street Bank International GmbH, München, Zürich Branch
Maria Cantillon
Executive Vice President, Global Head of Sector Solutions, EMEA
Daniel Liechti
Managing Director, Chief Operating Officer, State Street Bank International GmbH, Munich, Zurich Branch
Liz Nolan
Chief Executive Officer for EMEA
Timothy Pallot
Vice President, Head of Global Services, Channel Islands
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
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
Quarterly
| USD | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 |
|---|---|---|---|---|---|---|---|---|---|
Revenue | 3.0b | 3.0b | 3.0b | 2.9b | 2.9b | 2.9b | 3.1b | 2.9b | 2.8b |
Operating expense total | 2.3b | 2.2b | 2.1b | 2.3b | 2.2b | 2.2b | 2.3b | 2.1b | 2.1b |
Depreciation and amortization | 50.0m | 48.0m | 47.0m | 60.0m | 59.0m | 59.0m | 58.0m | 58.0m | 59.0m |
Interest expense | 199.0m | 248.0m | 244.0m | 354.0m | 394.0m | 357.0m | 204.0m | 115.0m | 42.0m |
Annual
Quarterly
Annual
Quarterly
| USD | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 |
|---|---|---|---|---|---|---|---|---|---|
Net Income | 661.0m | 1.4b | 2.2b | 508.0m | 1.1b | 1.7b | 634.0m | 1.3b | 1.9b |
Depreciation and Amortization | 50.0m | 98.0m | 145.0m | 60.0m | 119.0m | 178.0m | 58.0m | 116.0m | 175.0m |
Cash From Operating Activities | 4.8b | 3.4b | 8.8b | (495.0m) | (80.0m) | 4.6b | 4.0b | 5.4b | 156.0m |
Purchases of PP&E | (147.0m) | (285.0m) | (436.0m) | (171.0m) | (342.0m) | (569.0m) | (114.0m) | (271.0m) | (424.0m) |
| USD | FY, 2017 |
|---|---|
Revenue/Employee | 304.8k |
Debt/Equity | 0.6 x |
Debt/Assets | 0.1 x |
Financial Leverage | 10.7 x |
State Street Operating Metrics
State Street's Assets Under Management was reported to be $3.1t in Q3, 2020.
| FY, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | FY, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | FY, 2019 | Q1, 2020 | Q2, 2020 | Q3, 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 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
State Street Acquisitions / Subsidiaries
| Company Name | Date | Deal Size |
|---|---|---|
| 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 | ||
| Charles River Systems, Inc | ||
| Currenex, Inc |
State Street Revenue Breakdown
State Street revenue breakdown by business segment: 16.3% from Investment Management and 83.7% from Investment Servicing
State Street Cybersecurity Score
State Street Environment, Social & Governance (ESG) Ratings
State Street Online and Social Media Presence
51.77k Twitter followers
State Street has 51.77k Twitter Followers. The number of followers has increased 0.2% month over month and increased 0.6% quarter over quarter
State Street's Trends
Twitter Engagement Stats for @StateStreet
9.4k
Tweets
1.4k
Following
51.8k
Followers
65
Tweets last 30 days
2.7
Avg. likes per Tweet
92.3%
Tweets with engagement
State Street Company Culture
Overall Culture
F
43/100
CEO Rating
F
47/100
Compensation
C
62/100
State Street News and Updates
May 06, 2021
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.
April 28, 2021
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.
April 09, 2021
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…
April 09, 2021
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.
April 01, 2021
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…
March 30, 2021
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.
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, 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.
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