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 |
Recent NewsAll News
- BNY Mellon joins State Street in backing a crypto exchange as digital assets continue to surge in popularity
- SHAREHOLDER ALERT: Lowey Dannenberg Is Investigating State Street Corporation for Potential Breaches of Fiduciary Duty by Its Board of Directors
- State Street turns to cloud-based machine learning tech
- State Street wades into crypto space with new digital division
Key People/Management at State Street
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
Eduardo Gramuglia Pallavicino
Country Head of State Street in Luxembourg
Dave Wiederecht
Executive Vice President, State Street Global Advisors
Amelia C. Fawcett
Lead Director
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 (22-Jul-2021) | 29.5b |
Closing stock price (22-Jul-2021) | 84.9 |
Cash (31-Dec-2020) | 3.5b |
EV | 26.1b |
State Street's current market capitalization is $29.5 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
51.81k Twitter followers
State Street has 51.81k Twitter Followers. The number of followers has increased 0.3% month over month and increased 0.3% quarter over quarter
State Street's Trends
Twitter Engagement Stats for @StateStreet
9.7k
Tweets
1.4k
Following
51.8k
Followers
78
Tweets last 30 days
2.8
Avg. likes per Tweet
100%
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
July 21, 2021
BNY Mellon joins State Street in backing a crypto exchange as digital assets continue to surge in popularity
Summary List PlacementBank of New York Mellon has joined State Street and a group of banks backing Pure Digital, a crypto exchange catering to institutional traders.
"As more top-tier banks join our initiative, we move closer to having an efficient wholesale crypto market which will ultimately lead…
July 08, 2021
SHAREHOLDER ALERT: Lowey Dannenberg Is Investigating State Street Corporation for Potential Breaches of Fiduciary Duty by Its Board of Directors
NEW YORK, July 08, 2021 (GLOBE NEWSWIRE) -- Lowey Dannenberg P.C., a preeminent law firm in obtaining redress for consumers and investors, is investigating a potential breach of fiduciary duty claim involving the board of directors of State Street Corporation (“State Street” or the “Company”) (NYS…
June 22, 2021
State Street turns to cloud-based machine learning tech
State Street Corporation today announced it will implement a cloud-based, machine learning technology to transform private markets processing and document management.
June 11, 2021
State Street wades into crypto space with new digital division
State Street is embracing the shift to decentralised finance with the creation of a new division specifically to engage with digital assets, including cryptocurrencies.
June 10, 2021
State Street is creating a dedicated cryptocurrency division
State Street is creating a digital finance division focused on cryptocurrency and blockchain technology as client interest increases.
May 27, 2021
Americans have poured $4 billion into European equity ETFs in May: State Street
Americans have poured $4 billion into European equity ETFs in May: State Street
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 Lena Reich, Maria Cantillon and Daniel Liechti.
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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