State Street Corp.
STT
Market Cap$26.07B
Close$
Earnings Call Q2 2024
July 16, 2024 - AI Summary
State Street Corporation reported second quarter EPS of $2.15, slightly lower than the year-ago period but supported by higher net interest income and fee revenues.
The company delivered 3% revenue growth year-over-year, driven by a 6% increase in net interest income and a 2% increase in fee revenues.
Asset services generated AUC/A wins of $291 billion, with a focus on faster installing back office custody mandates. Servicing fee revenue wins totaled $72 million in the quarter.
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$260.42
198.3% upside
Current Fair Value
198.3% upsideUndervalued by 198.3% based on the discounted cash flow analysis.
Share Statistics
| Market cap | $26.07 Billion |
|---|---|
| Enterprise Value | $64.99 Billion |
| Dividend Yield | $3.04 (3.241324017867369%) |
| Earnings per Share | $5.65 |
| Beta | 1.5 |
| Outstanding Shares | 300,564,000 |
Return
| Return on Equity | - |
|---|---|
| Return on Assets | - |
| Return on Invested Capital | - |
Valuation & Multiples
| P/E Ratio | 14.53 |
|---|---|
| PEG | -209.19 |
| Price to Sales | 1.62 |
| Price to Book Ratio | 1.06 |
| Enterprise Value to Revenue | 3.94 |
| Enterprise Value to EBIT | 127.94 |
| Enterprise Value to Net Income | 36 |
| Total Debt to Enterprise | 0.55 |
| Debt to Equity | 1.45 |
Revenue Sources
No data
Insider Trades
ESG Score
No data
About State Street Corp.
2,020 employees
CEO: Ronald O'Hanley State Street Corporation is one of the world's leading providers of financial services to institutional investors including investment servicing, investment management and investment research and trading. With $33.52 trillion in assets u...