State Street (LSE:0L9G) - Stock Price, News & Analysis

0L9G Stock Overview

Through its subsidiaries, provides a range of financial products and services to institutional investors worldwide.

0L9G fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	1/6
Past Performance	2/6
Financial Health	6/6
Dividends	5/6

Rewards

Trading at 38.3% below our estimate of its fair value

Earnings are forecast to grow 10.15% per year

Pays a reliable dividend of 3.58%

Risk Analysis

Profit margins (14.3%) are lower than last year (21.5%)

State Street Corporation Competitors

3i Group

LSE:III

UK£28.7b

Intermediate Capital Group

LSE:ICG

UK£6.6b

Schroders

LSE:SDR

UK£5.8b

Hargreaves Lansdown

LSE:HL.

UK£4.2b

Price History & Performance

Summary of all time highs, changes and price drops for State Street
Historical stock prices
Current Share Price	US$77.60
52 Week High	US$79.22
52 Week Low	US$62.98
Beta	1.54
1 Month Change	5.80%
3 Month Change	7.14%
1 Year Change	12.77%
3 Year Change	-10.58%
5 Year Change	22.96%
Change since IPO	-30.03%

Recent updates

Shareholder Returns

	0L9G	GB Capital Markets	GB Market
7D	1.0%	1.7%	0.5%
1Y	12.8%	10.0%	6.3%

Return vs Industry: 0L9G exceeded the UK Capital Markets industry which returned 10% over the past year.

Return vs Market: 0L9G exceeded the UK Market which returned 6.3% over the past year.

Price Volatility

Is 0L9G's price volatile compared to industry and market?
0L9G volatility
0L9G Average Weekly Movement	2.8%
Capital Markets Industry Average Movement	4.2%
Market Average Movement	4.9%
10% most volatile stocks in GB Market	11.1%
10% least volatile stocks in GB Market	2.7%

Stable Share Price: 0L9G has not had significant price volatility in the past 3 months.

Volatility Over Time: 0L9G's weekly volatility (3%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1792	45,871	Ron O’Hanley	www.statestreet.com

State Street Corporation, through its subsidiaries, provides a range of financial products and services to institutional investors worldwide. The company offers investment servicing products and services, including custody, accounting, regulatory reporting, investor, and performance and analytics; middle office products, such as IBOR, transaction management, loans, cash, derivatives and collateral, record keeping, and client reporting and investment analytics; finance leasing; foreign exchange, and brokerage and other trading services; securities finance and enhanced custody products; deposit and short-term investment facilities; investment manager and alternative investment manager operations outsourcing; performance, risk, and compliance analytics; and financial data management to support institutional investors. It also engages in the provision of portfolio management and risk analytics, as well as trading and post-trade settlement services with integrated compliance and managed data.

State Street Corporation Fundamentals Summary

How do State Street's earnings and revenue compare to its market cap?
0L9G fundamental statistics
Market cap	US$23.24b
Earnings (TTM)	US$1.71b
Revenue (TTM)	US$11.95b

13.6x

P/E Ratio

1.9x

P/S Ratio

Is 0L9G overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
0L9G income statement (TTM)
Revenue	US$11.95b
Cost of Revenue	US$0
Gross Profit	US$11.95b
Other Expenses	US$10.24b
Earnings	US$1.71b

Last Reported Earnings

Mar 31, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	5.69
Gross Margin	100.00%
Net Profit Margin	14.34%
Debt/Equity Ratio	212.3%

How did 0L9G perform over the long term?

See historical performance and comparison

Dividends

3.6%

Current Dividend Yield

49%

Payout Ratio

Does 0L9G pay a reliable dividends?

See 0L9G dividend history and benchmarks

When do you need to buy 0L9G by to receive an upcoming dividend?
State Street dividend dates
Ex Dividend Date	Jul 01 2024
Dividend Pay Date	Jul 11 2024
Days until Ex dividend	41 days
Days until Dividend pay date	51 days

Does 0L9G pay a reliable dividends?

See 0L9G dividend history and benchmarks

0L9G Stock Overview

Rewards

Risk Analysis

State Street Corporation Competitors

LSE:III

UK£28.7b

LSE:ICG

UK£6.6b

LSE:SDR

UK£5.8b

LSE:HL.

UK£4.2b

Price History & Performance

Recent News & Updates

First quarter dividend of US$0.69 announced

State Street Corporation Declares Dividends on Its Common Stock, Payable on July 11, 2024

First quarter 2024 earnings released: EPS: US$1.38 (vs US$1.54 in 1Q 2023)

State Street Corporation Announces the Appointment of Elizabeth Lynn to Executive Vice President and Global Head of Investor Relations

Future Pak, Ltd. submits a proposal to acquire Vanda Pharmaceuticals Inc. (NasdaqGM:VNDA) from The Vanguard Group, Inc., State Street Corporation (NYSE:STT), BlackRock, Inc. (NYSE:BLK), Dimensional Fund Advisors LP and others for approximately $450 million.

First quarter 2024 earnings released: EPS: US$1.38 (vs US$1.54 in 1Q 2023)

Recent updates

First quarter dividend of US$0.69 announced

State Street Corporation Declares Dividends on Its Common Stock, Payable on July 11, 2024

First quarter 2024 earnings released: EPS: US$1.38 (vs US$1.54 in 1Q 2023)

State Street Corporation Announces the Appointment of Elizabeth Lynn to Executive Vice President and Global Head of Investor Relations

Future Pak, Ltd. submits a proposal to acquire Vanda Pharmaceuticals Inc. (NasdaqGM:VNDA) from The Vanguard Group, Inc., State Street Corporation (NYSE:STT), BlackRock, Inc. (NYSE:BLK), Dimensional Fund Advisors LP and others for approximately $450 million.

First quarter 2024 earnings released: EPS: US$1.38 (vs US$1.54 in 1Q 2023)

State Street Corporation, Annual General Meeting, May 15, 2024

Insufficient new directors

Upcoming dividend of US$0.69 per share

State Street Corporation to Report Q1, 2024 Results on Apr 12, 2024

Healthpeak Properties, Inc. (NYSE:PEAK) completed the acquisition of Physicians Realty Trust (NYSE:DOC) from BlackRock, Inc. (NYSE:BLK), The Vanguard Group, Inc., State Street Corporation (NYSE:STT) and others.

Fourth quarter dividend of US$0.69 announced

Full year 2023 earnings released: EPS: US$5.65 (vs US$7.28 in FY 2022)

State Street Corporation Declares First Quarter Dividend on Its Common Stock, Payable on April 11, 2024

AbbVie Inc. (NYSE:ABBV) completed the acquisition of ImmunoGen, Inc. (NasdaqGS:IMGN) from Redmile Group, LLC, RA Capital Management, L.P., BlackRock, Inc. (NYSE:BLK), State Street Corporation (NYSE:STT), The Vanguard Group, Inc. and others.

AbbVie Inc. (NYSE:ABBV) completed the acquisition of ImmunoGen, Inc. (NasdaqGS:IMGN) from Redmile Group, LLC, RA Capital Management, L.P., BlackRock, Inc. (NYSE:BLK), State Street Corporation (NYSE:STT), The Vanguard Group, Inc. and others.

State Street Expands Fund Connect ETF APIs to Provide Global Coverage

State Street Corporation (NYSE:STT) acquired CF Global Trading, LLC

State Street Corporation Announces Appointment of Michael Eldridge as Uk Country Head

Realty Income Corporation (NYSE:O) completed the acquisition of Spirit Realty Capital, Inc. (NYSE:SRC) from The Vanguard Group, Inc., BlackRock, Inc. (NYSE:BLK), Cohen & Steers, Inc. (NYSE:CNS), FMR LLC, State Street Corporation (NYSE:STT) and others.

Now 22% undervalued

New minor risk - Profit margin trend

Full year 2023 earnings released: EPS: US$3.15 (vs US$7.28 in FY 2022)

State Street Corporation (NYSE:STT) announces an Equity Buyback for $5,000 million worth of its shares.

State Street Announces Appointment of Terri Dempsey as Country Head for Ireland

State Street Corporation Announces Executive Changes

Kimco Realty Corporation (NYSE:KIM) completed the acquisition of RPT Realty (NYSE:RPT) from a group of shareholders.

Upcoming dividend of US$0.69 per share at 3.6% yield

State Street Corporation Declares Fourth Quarter Dividend, Payable on January 12, 2024

State Street Corporation to Report Q4, 2023 Results on Jan 19, 2024

PacWest Bancorp (NasdaqGS:PACW) completed the acquisition of Banc of California, Inc. (NYSE:BANC) from a group of shareholders in a reverse merger transaction.

Permian Resources Corporation (NYSE:PR) completed the acquisition of Earthstone Energy, Inc. from EnCap Capital Energy Fund XI, L.P, managed by EnCap Investments L.P. and others.

State Street Corporation Announces Executive Changes

State Street Launches StreetFXSM Solution for T+1 Settlement

Third quarter 2023 earnings released: EPS: US$1.17 (vs US$1.82 in 3Q 2022)

Newmont Corporation (NYSE:NEM) completed the acquisition of Newcrest Mining Limited (ASX:NCM) from State Street Corporation (NYSE:STT), BlackRock, Inc. (NYSE:BLK), The Vanguard Group, Inc., Allan Gray Australia Pty Ltd. and others.

-State Street Appoints Arindam Banerrji as Country Head for India

Upcoming dividend of US$0.69 per share at 4.0% yield

State Street Corporation to Report Q3, 2023 Results on Oct 18, 2023

Global Net Lease, Inc. (NYSE:GNL) completed the acquisition of The Necessity Retail REIT, Inc. (NasdaqGS:RTL) from The Vanguard Group, Inc., BlackRock, Inc. (NYSE:BLK), State Street Corporation (NYSE:STT) and others.

Funds managed by affiliates of Apollo Global Management, Inc. (NYSE:APO) and funds managed by affiliates of Irenic Capital Management acquired Arconic Corporation (NYSE:ARNC) from a group of shareholders.

State Street Corporation Declares Third-Quarter Dividend on its Common Stock, Payable on October 12, 2023

New major risk - Revenue and earnings growth

Shareholder Returns

Price Volatility

About the Company

State Street Corporation Fundamentals Summary

13.6x

1.9x

Earnings & Revenue

Dividends

3.6%

49%