State Street Corp (N:STT)

Business Focus: Investment Management & Fund Operators

Sector:  Financials Industry:  Investment Management & Fund Operators
 
See Regulatory Filings on SEC
Company Contact
Address: 1 Lincoln St
BOSTON MA 02111-2901
Tel: N/A
Website: www.statestreet.com
IR: See website
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Key People
Ronald P. O'Hanley
President, Chief Executive Officer, Director
Andrew J. Erickson
Executive Vice President, Head - Global Services
Eric W. Aboaf
Chief Financial Officer, Executive Vice President
Cyrus Taraporevala
President and Chief Executive Officer, State Street Global Advisors
Louis D. Maiuri
Chief Operating Officer, Executive Vice President, Head of Global Markets, Global Exchange
Ian Appleyard
Executive Vice President, Chief Accounting Officer, Global Controller
Antoine Shagoury
Executive Vice President, Global Chief Information Officer
Hannah M. Grove
Executive Vice President, Chief Marketing Officer
Andrew P. Kuritzkes
Executive Vice President, Chief Risk Officer
Jeffrey N. Carp
Executive Vice President, Chief Legal Officer, Secretary
   
Business Overview
State Street Corporation is a financial holding company. The Company operates through two lines of business: Investment Servicing and Investment Management. The Company, through its subsidiary, State Street Bank and Trust Company (State Street Bank), provides a range of financial products and services to institutional investors across the world. Investment servicing line of business performs functions, such as providing institutional investors with clearing, settlement and payment services. The Company operates investment management line of business through State Street Global Advisors (SSGA). SSGA provides a range of investment management, investment research and investment advisory services to corporations, public funds and other investors. Its clients include mutual funds, collective investment funds and other investment pools, corporate and public retirement plans, insurance companies, foundations, endowments and investment managers.
Financial Overview
For the nine months ended 30 September 2019, State Street Corp interest income increased 13% to $3.04B. Net interest income after loan loss provision decreased 3% to $1.92B. Net income applicable to common stockholders decreased 24% to $1.52B. Net interest income after loan loss provision reflects Net Interest Spread, Total -% decrease of 4% to 1.25%, State & Political subdivisions decrease of 70% to $37M.
Employees: 39,407 as of Sep 30, 2019
Reporting Currency: U.S. Dollars
Enterprise value: $47,956M as of Sep 30, 2019
Annual revenue (TTM): $4,001M as of Sep 30, 2019
EBITDA (TTM): $5,423M as of Sep 30, 2019
Net annual income (TTM): $1,883M as of Sep 30, 2019
Free cash flow (TTM): $4,380M as of Sep 30, 2019
Net Debt Last Fiscal Year: $16,260M as of Sep 30, 2019
Shares outstanding: 363,623,285 as of Oct 23, 2019
Index Membership: S&P 500
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization