State Street Corp. operates as a financial holding company. It conducts business primarily through State Street Bank. The company operates through following business lines: Investment Servicing and Investment Management. The Investment Servicing business offers custody, product and participant-level accounting, daily pricing and administration, master trust and master custody, record-keeping, cash management, foreign exchange, brokerage and other trading services, securities finance, deposit and short-term investment facilities, loans and lease financing, investment manager and alternative investment manager operations outsourcing, and performance, risk and compliance analytics. The Investment Management business provides services through State Street Global Advisors, which provides a broad array of investment management, investment research and investment advisory services to corporations, public funds and other sophisticated investors. It offers strategies for managing financial assets, including passive and active, such as enhanced indexing, using quantitative and fundamental methods for both the U.S. and global equities and fixed-income securities. The company was founded in 1969 and is headquartered in Boston, MA.
Highlights
STT's EPS is up by 25% YoY
The P/E is 23% less than the 5-year quarterly average of 13.3 and 4.7% less than the last 4 quarters average of 10.8
The company's debt rose by 36% YoY but it fell by 14% QoQ
Key stats
What are the main financial stats of STT
Market
Shares outstanding
352.8M
Market cap
$23.04B
Enterprise value
-$30.83B
Valuations
Price to earnings (P/E)
10.29
Price to book (P/B)
0.9
Price to sales (P/S)
1.95
EV/EBIT
-11.42
EV/EBITDA
-13.94
EV/Sales
-2.61
Earnings
Revenue
$11.83B
EBIT
$2.7B
EBITDA
$2.21B
Free cash flow
$624M
Per share
EPS
$6.35
Free cash flow per share
$1.77
Book value per share
$72.53
Revenue per share
$33.56
TBVPS
$744.78
Balance sheet
Total assets
$272.08B
Total liabilities
$246.52B
Debt
$26.94B
Equity
$25.56B
Working capital
N/A
Liquidity
Debt to equity
1.05
Current ratio
N/A
Quick ratio
N/A
Net debt/EBITDA
-24.36
Margins
EBITDA margin
18.7%
Gross margin
100%
Net margin
19%
Operating margin
25.2%
Efficiency
Return on assets
0.8%
Return on equity
9.1%
Return on invested capital
1.3%
Return on capital employed
N/A
Return on sales
22.8%
Dividend
Dividend yield
3.18%
DPS
$2.08
Payout ratio
32.8%
STT stock price
How has the State Street stock price performed over time
Financial performance
How have State Street's revenue and profit performed over time
Revenue
$11.83B
Gross profit
$11.83B
Operating income
$2.99B
Net income
$2.25B
Gross margin
100%
Net margin
19%
The net income has grown by 18% YoY
The company's net margin rose by 17% YoY
STT's operating income is up by 14% year-on-year
STT's operating margin is up by 13% YoY
Growth
What is State Street's growth rate over time
Valuation
What is State Street stock price valuation
P/E
10.29
P/B
0.9
P/S
1.95
EV/EBIT
-11.42
EV/EBITDA
-13.94
EV/Sales
-2.61
STT's EPS is up by 25% YoY
The P/E is 23% less than the 5-year quarterly average of 13.3 and 4.7% less than the last 4 quarters average of 10.8
The stock's price to book (P/B) is 25% less than its 5-year quarterly average of 1.2
State Street's equity has increased by 2.8% from the previous quarter
The P/S is 22% less than the 5-year quarterly average of 2.5 but 2.6% more than the last 4 quarters average of 1.9
Efficiency
How efficient is State Street business performance
The company's return on equity rose by 20% YoY
STT's ROS is up by 11% YoY
Dividends
What is STT's dividend history
DPS
$2.08
Dividend yield
3.18%
Payout ratio
32.8%
Recent dividends
Financial health
How did State Street financials performed over time
STT's total assets is 10% greater than its total liabilities
STT's total liabilities is up by 12% YoY but it is down by 3.5% from the previous quarter
STT's total assets is up by 11% year-on-year but it is down by 2.9% since the previous quarter
The company's debt is 5% higher than its equity
The company's debt rose by 36% YoY but it fell by 14% QoQ
The debt to equity has increased by 33% year-on-year but it has declined by 17% since the previous quarter
All financial data is based on trailing twelve months (TTM) periods - updated
quarterly, unless otherwise specified.