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, US
Websitestatestreet.com
Employee Ratings3.2
Overall CultureD

Latest Updates

Employees (est.) (Jun 2020)39,068
Job Openings594
Revenue (FY, 2019)$11.8 B(-1%)
Share Price (Nov 2020)$66.9 (-2%)
Cybersecurity ratingBMore

Key People/Management at State Street

Ronald P. O'Hanley

Ronald P. O'Hanley

Chairman and Chief Executive Officer
Dave Wiederecht

Dave Wiederecht

Executive Vice President, State Street Global Advisors
Amelia C. Fawcett

Amelia C. Fawcett

Lead Director
Anthony Thompson

Anthony Thompson

Senior Vice President - Chief Operating Officer, Poland
Michael Brager

Michael Brager

Executive Vice President, Chief Executive Officer at State Street India
Lynn Blake

Lynn Blake

Chief Investment Officer, Global Equity Beta Solutions
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State Street Office Locations

State Street has offices in Boston, Atlanta, Austin, Berwyn and in 57 other locations
Boston, US (HQ)
One Lincoln Street
Atlanta, US
Three Alliance Center 3550 Lenox Road, NE 14-15th Floors
Austin, US
11501 Alterra Pkwy Suite 450
Austin, US
816 Congress Ave Suite 1450, 14th Floor
Berwyn, US
801 Old Cassatt Rd #300
Boston, 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 $11.76 b in FY, 2019
USD

Revenue (Q3, 2020)

2.8b

Net income (Q3, 2020)

555.0m

Market capitalization (12-Nov-2020)

23.6b

Closing stock price (12-Nov-2020)

66.9

Cash (30-Sept-2020)

4.8b
State Street's current market capitalization is $23.6 b.
Annual
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Revenue

9.0b9.6b9.6b9.9b10.3b10.4b10.2b11.2b12.0b11.8b

Revenue growth, %

4%1%(2%)9%

Sales and marketing expense

1.1b1.2b1.2b1.3b

R&D expense

713.0m776.0m844.0m1.3b1.5b
Quarterly
USDQ1, 2010Q2, 2010Q3, 2010Q1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

2.3b2.3b2.3b2.4b2.5b2.4b2.4b2.4b2.4b2.4b2.6b2.4b2.5b2.6b2.6b2.6b2.6b2.6b2.5b2.6b2.6b2.7b2.8b2.8b3.0b3.0b3.0b2.9b2.9b2.9b3.1b2.9b2.8b

Sales and marketing expense

276.0m292.0m300.0m316.0m301.0m304.0m287.0m270.0m293.0m368.0m382.0m397.0m419.0m29.0m12.0m

R&D expense

167.0m174.0m181.0m191.0m199.0m191.0m191.0m208.0m211.0m237.0m235.0m362.0m365.0m376.0m385.0m376.0m395.0m

Operating expense total

167.0m174.0m181.0m191.0m199.0m191.0m199.0m230.0m226.0m238.0m246.0m1.7b2.0b1.9b1.9b2.1b2.1b2.0b2.1b1.9b2.0b2.1b2.0b2.0b2.3b2.2b2.1b362.0m365.0m405.0m385.0m388.0m395.0m
Annual
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Cash

3.3b2.2b2.6b3.2b1.9b1.2b1.3b2.1b3.6b3.3b

Accounts Receivable

403.0m10.0b12.3b5.3m67.2b343.0m432.0m

Inventories

4.0m19.5m917.0k23.2b

PP&E

1.8b1.7b1.7b2.2b2.2b2.3b
Quarterly
USDQ1, 2010Q2, 2010Q3, 2010Q1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Cash

2.1b5.3b4.6b2.6b4.6b9.5b1.4b6.1b6.4b4.7b5.5b3.9b6.2b4.1b3.1b3.1b3.7b3.7b4.7b3.5b2.9b3.2b3.9b2.5b3.9b4.1b4.5b3.7b3.6b4.9b3.7b4.8b

Accounts Receivable

12.2b11.7b539.0m12.6b12.9b11.7b12.3b12.3b14.0b14.0b16.4b15.6b16.8b18.4b18.3b116.7b68.4b65.0b75.2b79.1b317.0m63.6b61.0b79.4b76.4b63.6b760.0m1.0b889.0m706.0m715.0m377.0m

Inventories

29.5b24.1b23.3b

PP&E

1.9b1.8b1.8b1.8b1.9b1.7b1.7b1.7b1.7b1.8b1.8b1.8b1.9b1.9b1.9b2.0b2.0b1.9b2.0b2.0b2.1b2.1b2.2b2.2b2.2b2.2b2.2b2.2b2.3b2.2b2.2b2.2b
Annual
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Net Income

1.6b1.9b2.1b2.1b2.0b2.0b2.1b2.2b2.6b2.2b

Depreciation and Amortization

373.0m368.0m373.0m214.0m226.0m236.0m

Inventories

(32.0k)(2.3m)

Accounts Payable

(766.0k)3.6m832.0k
Quarterly
USDQ1, 2010Q2, 2010Q3, 2010Q1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Net Income

495.0m927.0m1.5b471.0m984.0m1.5b427.0m917.0m1.6b464.0m1.0b1.6b363.0m985.0m1.5b409.0m831.0m1.4b368.0m987.0m1.6b502.0m1.1b1.8b661.0m1.4b2.2b508.0m1.1b1.7b634.0m1.3b1.9b

Depreciation and Amortization

80.0m132.0m49.0m99.0m149.0m51.0m99.0m145.0m53.0m107.0m50.0m98.0m145.0m60.0m119.0m178.0m58.0m116.0m175.0m

Cash From Operating Activities

1.8b3.4b992.0m(1.3b)(4.4b)(2.1b)1.3b(1.4b)(404.0m)113.0m(2.1b)(1.0b)1.9b446.0m(964.0m)397.0m(4.5b)(4.8b)2.9b5.0b2.3b3.5b4.0b1.9b4.8b3.4b8.8b(495.0m)(80.0m)4.6b4.0b5.4b156.0m

Purchases of PP&E

(25.0m)(79.0m)(157.0m)(89.0m)(192.0m)(209.0m)(85.0m)(143.0m)(254.0m)(119.0m)(228.0m)(147.0m)(285.0m)(436.0m)(171.0m)(342.0m)(569.0m)(114.0m)(271.0m)(424.0m)
USDQ1, 2010

Financial Leverage

10 x
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State Street Operating Metrics

State Street's Assets Under Management was reported to be $2.8t in Q3, 2018.
FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017FY, 2017Q1, 2018Q2, 2018Q3, 2018

Assets Under Custody

$28.19 t$28.49 t$28.65 t$27.27 t$27.51 t$26.94 t$27.79 t$29.18 t$28.77 t$29.83 t$31.04 t$32.11 t$33.12 t$33.28 t$33.87 t$34 t

Assets Under Management

$2.45 t$2.44 t$2.37 t$2.20 t$2.25 t$2.30 t$2.30 t$2.45 t$2.47 t$2.56 t$2.61 t$2.67 t$2.78 t$2.73 t$2.72 t$2.81 t

Markets

100 100 100 100 100 100 100
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State Street Acquisitions / Subsidiaries

Company NameDateDeal Size
BestXAugust 17, 2018
Charles River DevelopmentJuly 20, 2018$2.60 b
GE Asset ManagementJuly 04, 2016
The National Bank of GeorgiaApril 05, 2016$68 m
ComplementaOctober 04, 2011
State Street Fund Services Ireland LTD
 Antrim Corporation
 Currenex INC
 International Fund Services (N.A.) L.L.C.
 Investors Copley Securities Corporation
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State Street Revenue Breakdown

Embed Graph

State Street revenue breakdown by business segment: 15.1% from Investment Management and 84.9% from Investment Servicing

State Street Cybersecurity Score

Cybersecurity ratingPremium dataset

B

89/100

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

    D

    55/100

  • CEO Rating

    D-

    57/100

  • Compensation

    B

    70/100

  • Diversity

    C-

    61/100

Learn more on Comparably

State Street News and Updates

State Street and SimCorp form business partnership

State Street Corporation (NYSE: STT) and investment management solutions and service provider, SimCorp (OMXC25: SIM), today announced their intent to form a business partnership to provide a premier, fully integrated, front-to-back investment outsourcing solution for insurance firms in Europe, Middl…

State Street and SimCorp Announce Intended Business Partnership, with Front-to-Back Investment Outsourcing Solution for EMEA Insurers

Strategic Business Partnership Demonstrates State Street and SimCorp’s Commitment to Insurance Clients in EMEA, with a Complete Front-to-Back Outsourcing Solution through the State Street AlphaSM  Platform

Should You Invest In State Street Stock? Ask The AI Engine

The stock market has seen some volatility since the start of September, and after a larger sell-off in the Stock market – State Street Stock has moved up 11% over the last two weeks (10 trading days) to $63 now. But will the company’s stock continue its upward trajectory over the coming weeks...

State Street Stock Can Touch $79

We believe that State Street’s stock has a strong 30% upside potential in the near term. STT trades at $58 currently and it has lost 26% in value year-to-date. It traded at a pre-Covid high of $79 in February and is 27% below that level now. Also, STT stock has gained 36% from the low of $42...

Citi, JPMorgan and State Street invest in Capitolis

Citi, JPMorgan and State Street have invested in capital markets software house Capitolis.
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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, Dave Wiederecht and Amelia C. Fawcett.

  • How many employees does State Street have?

    State Street has 39,068 employees.

  • What is State Street revenue?

    Latest State Street annual revenue is $11.8 b.

  • What is State Street revenue per employee?

    Latest State Street revenue per employee is $300.9 k.

  • Who are State Street competitors?

    Competitors of State Street include Citi, BlackRock and JPMorgan Chase.

  • 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.