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: 155 Federal St Ste 700
BOSTON MA 02110-1727
Tel: N/A
Website: www.statestreet.com
IR: See website
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Key People
Ronald P. O'Hanley
Chairman of the Board, President, Chief Executive Officer
David C. Phelan
Executive Vice President, General Counsel, Chief Legal Officer
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
Ian Appleyard
Executive Vice President, Chief Accounting Officer, Global Controller
Tracy A. Atkinson
Executive Vice President, Acting Chief Administrative Officer
Brian J. Franz
Executive Vice President, Chief Information Officer
Hannah M. Grove
Executive Vice President, Chief Marketing Officer
Andrew P. Kuritzkes
Executive Vice President, Chief Risk Officer
   
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 three months ended 31 March 2020, State Street Corp interest income decreased 15% to $870M. Net interest income after loan loss provision decreased 1% to $660M. Net income applicable to common stockholders increased 28% to $580M. Net interest income after loan loss provision reflects Net Interest Margin, Total -% decrease of 16% to 1.3%, Net Interest Spread, Total -% decrease of 10% to 1.21%.
Employees: 39,318 as of Mar 31, 2020
Reporting Currency: U.S. Dollars
Enterprise value: $71,517M as of Mar 31, 2020
Annual revenue (TTM): $3,783M as of Mar 31, 2020
EBITDA (TTM): $5,895M as of Mar 31, 2020
Net annual income (TTM): $2,137M as of Mar 31, 2020
Free cash flow (TTM): $8,709M as of Mar 31, 2020
Net Debt Last Fiscal Year: $46,479M as of Mar 31, 2020
Shares outstanding: 351,956,390 as of Apr 24, 2020
Index Membership: S&P 500
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization