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Visu uses AI to transform SEC filings and press releases into accurate summaries of earnings and key company events.
State Street Elects New Independent Director Brian J. Porter
On September 15, 2025, State Street Corporation's Board of Directors elected Brian J. Porter as an independent director. He will also serve on the Board's Human Resources Committee and Risk Committee. Mr. Porter is entitled to a pro rata share of the annual retainer and stock compensation as outlined in previous disclosures, with the stock award based on the closing price of State Street's common stock on the election date.
Mr. Porter will enter into an indemnification agreement with State Street, similar to those of other non-employee directors. There are no arrangements or understandings with any other parties regarding his election to the Board.
linkSep 17, 2025 07:33:56
State Street Reports Second Quarter 2025 Financial Results
State Street Corporation announced its financial results for the second quarter of 2025, highlighting record assets under custody and administration (AUC/A) of $49 trillion and assets under management (AUM) of $5 trillion. The company reported total revenue growth of 8%, driven by a significant increase in fee revenue, particularly in foreign exchange trading services which rose by 28%. Additionally, net inflows in investment management amounted to $82 billion, and the company achieved new servicing fee revenue wins of $145 million, primarily from back-office operations.
Total expenses increased by 11%, impacted by a workforce rationalization charge and higher performance-based compensation. The standardized common equity tier 1 (CET1) ratio was reported at 10.7%, reflecting a decrease due to increased risk-weighted assets. State Street returned $517 million to shareholders through share repurchases and dividends, with a planned dividend increase of 11% announced for the third quarter of 2025. The liquidity coverage ratios for the corporation and its bank subsidiary were reported at 107% and 136%, respectively.
linkJul 15, 2025 07:31:15
State Street Reports Q1 2025 Earnings and Revenue Growth
State Street Corporation announced its financial results for the first quarter of 2025, reporting earnings per share (EPS) of $2.04, a 49% increase year-over-year. Total revenue rose by 5% to $3.284 billion, driven by a 6% increase in fee revenue, which included a 10% rise in management fees and a 4% increase in servicing fees. The company also experienced a 3% decrease in total expenses, reflecting a disciplined approach to costs. State Street returned $320 million to shareholders through dividends and share repurchases during the quarter.
The company reported an increase in assets under custody and administration (AUC/A) to $46.7 trillion, up 6% from the previous year, and an increase in assets under management (AUM) to $4.7 trillion, a 9% rise year-over-year. New servicing fee revenue wins amounted to $55 million, and the firm secured $182 billion in new AUC/A wins. State Street's capital position remained strong with a common equity tier 1 (CET1) ratio of 11.0%, and the liquidity coverage ratio (LCR) was approximately 106%.
linkApr 17, 2025 07:30:37
State Street Reports Changes in Revenue and Asset Management Metrics
State Street Global Advisors has shown notable growth, with total revenue increasing from $2.0 billion in 2022 to $2.3 billion in 2024, reflecting a 9% growth. Assets under management (AUM) also rose significantly from $3.5 trillion in 2022 to $4.7 trillion in 2024, marking a 16% increase. The company reported a pre-tax margin expansion and strong organic net new asset growth, contributing to higher revenues and overall financial performance.
However, the company faced challenges, including a decline in organic growth percentage, which decreased from 29.7% in 2022 to 29.4% in 2024. Additionally, the report highlights various risks, such as intense competition, pricing pressures, and potential impacts from geopolitical conditions, regulatory changes, and market volatility, which could adversely affect profitability and operational stability.
linkMar 05, 2025 14:30:46
State Street Corporation Q1 2024 Financial Highlights
State Street Corporation reports positive Q1 2024 EPS with notable fee revenue growth, AUC/A and AUM increases, and new business wins. The company achieved fee operating leverage and strong EPS performance while focusing on innovation and productivity. Total revenue increased 1%, driven by higher fee revenue, despite a decrease in net interest income. Expenses rose 6%, mainly due to a notable item. The company returned capital to shareholders and maintained a strong balance sheet position. State Street remains confident in its business trajectory and aims for positive fee operating leverage.
linkApr 12, 2024 07:30:53