State Street Past Earnings Performance

Past criteria checks 2/6

State Street has been growing earnings at an average annual rate of 2%, while the Capital Markets industry saw earnings growing at 9.7% annually. Revenues have been growing at an average rate of 0.6% per year. State Street's return on equity is 7.6%, and it has net margins of 14.3%.

Key information

2.0%

Earnings growth rate

3.8%

EPS growth rate

Capital Markets Industry Growth	10.3%
Revenue growth rate	0.6%
Return on equity	7.6%
Net Margin	14.3%
Last Earnings Update	31 Mar 2024

Recent past performance updates

Recent updates

State Street: An Anchor To Hold Onto With Dividend Growth And Capital Strength (Ratings Downgrade)

Dec 22

State Street: Moderate Upside With Deposit Pressures Potentially Near A Peak In Q3

Oct 19

Revenue & Expenses Breakdown
Beta

How State Street makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NYSE:STT Revenue, expenses and earnings (USD Millions)
Date	Revenue	Earnings	G+A Expenses
31 Mar 24	11,953	1,714	6,799
31 Dec 23	11,899	1,821	6,812
30 Sep 23	12,021	2,345	6,698
30 Jun 23	12,289	2,616	6,632
31 Mar 23	12,104	2,602	6,527
31 Dec 22	12,128	2,660	6,473
30 Sep 22	12,043	2,626	6,671
30 Jun 22	12,076	2,650	6,680
31 Mar 22	12,182	2,666	6,715
31 Dec 21	12,060	2,572	6,735
30 Sep 21	11,917	2,408	6,534
30 Jun 21	11,709	2,232	6,545
31 Mar 21	11,545	2,166	6,502
31 Dec 20	11,615	2,257	6,433
30 Sep 20	11,743	2,251	6,408
30 Jun 20	11,860	2,262	6,423
31 Mar 20	11,847	2,137	6,466
31 Dec 19	11,746	2,009	6,480
30 Sep 19	11,716	1,913	6,462
30 Jun 19	11,799	2,093	6,512
31 Mar 19	11,988	2,253	6,443
31 Dec 18	12,116	2,404	6,419
30 Sep 18	11,949	2,342	6,131
30 Jun 18	11,808	2,263	6,069
31 Mar 18	11,554	2,150	6,142
31 Dec 17	11,264	1,972	6,089
30 Sep 17	10,848	2,216	6,643
30 Jun 17	10,625	2,094	6,554
31 Mar 17	10,387	2,095	6,411
31 Dec 16	10,197	1,968	5,950
30 Sep 16	10,206	1,958	5,898
30 Jun 16	10,195	1,990	5,960
31 Mar 16	10,232	1,794	5,986
31 Dec 15	10,348	1,848	6,009
30 Sep 15	10,416	1,759	5,973
30 Jun 15	10,387	1,762	5,824
31 Mar 15	10,377	1,975	5,795
31 Dec 14	10,264	1,958	5,853
30 Sep 14	10,117	2,045	5,799
30 Jun 14	9,962	2,034	5,713
31 Mar 14	9,926	2,003	5,614
31 Dec 13	9,858	2,016	5,583
30 Sep 13	9,871	2,025	5,478
30 Jun 13	9,802	2,148	5,420

Quality Earnings: STT has high quality earnings.

Growing Profit Margin: STT's current net profit margins (14.3%) are lower than last year (21.5%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: STT's earnings have grown by 2% per year over the past 5 years.

Accelerating Growth: STT's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: STT had negative earnings growth (-34.1%) over the past year, making it difficult to compare to the Capital Markets industry average (2.9%).

Return on Equity

High ROE: STT's Return on Equity (7.6%) is considered low.

Return on Assets

Return on Capital Employed

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State Street Past Earnings Performance

Past criteria checks 2/6

Key information

Recent past performance updates

First quarter 2024 earnings: EPS and revenues exceed analyst expectations

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

Full year 2023 earnings: EPS misses analyst expectations

Full year 2023 earnings: EPS misses analyst expectations

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

Third quarter 2023 earnings: EPS and revenues miss analyst expectations

Recent updates

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: EPS and revenues exceed analyst expectations

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: EPS misses analyst expectations

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

Now 22% undervalued

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.

New minor risk - Profit margin trend

Full year 2023 earnings: EPS misses analyst expectations

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

Price target increased by 8.0% to US$82.13

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.

State Street: An Anchor To Hold Onto With Dividend Growth And Capital Strength (Ratings Downgrade)

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.

Chairman & CEO exercised options and sold US$620k worth of stock

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: EPS and revenues miss analyst expectations

State Street: Moderate Upside With Deposit Pressures Potentially Near A Peak In Q3

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's (NYSE:STT) Dividend Will Be Increased To $0.69

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.

State Street (NYSE:STT) Will Pay A Larger Dividend Than Last Year At $0.69

State Street (NYSE:STT) Is Increasing Its Dividend To $0.69

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.

Revenue & Expenses BreakdownBeta

Earnings and Revenue History

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Return on Equity

Return on Assets

Return on Capital Employed

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Revenue & Expenses Breakdown
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