NYSE$STT
State Street Corp · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
State Street's Q2 2023 performance reflected a strong business model with EPS of $2.17, driven by net interest income growth and expansion in front office solutions.
State Street reported a 5% increase in total revenue, driven by 18% growth in net interest income and strong flows in asset management. The company's EPS reached $2.17, and it returned $1.3 billion to shareholders through share repurchases and dividends.
- Total revenue increased by 5% year-over-year, driven by net interest income growth of 18%.
- EPS reached $2.17, reflecting improved profitability.
- Investment Servicing AUC/A increased by 4% to $39.6 trillion, driven by higher equity market levels and client flows.
- Investment Management AUM increased by 9% to $3.8 trillion, primarily due to higher market levels.
Headline financials
Revenue & EPS history
State Street · Revenue · Quarterly
$3.11B
Revenue by segment
State Street · $2.36B total across 5 segments · Q2 2023
- Servicing Fees$1.26B-2.9%53.3%
- Management Fees$461M-5.9%19.5%
- FX Trading Services$303M-8.5%12.8%
- Software & Processing$221M+17.6%9.4%
- Securities Finance$117M+9.3%5.0%
Forward guidance
State Street plans to increase its per share common stock dividend by 10% and execute on its common share repurchase authorization of up to $4.5 billion during 2023, subject to market conditions and other factors.
Tailwinds
- Continue to execute on common share repurchase authorization of up to $4.5 billion during 2023
- Increase per share common stock dividend by 10%
- Strong balance sheet
- Strong capital generation
- Strong servicing wins
Headwinds
- Subject to market conditions
- Subject to other factors
- Lower client FX volumes
- Lower FX volatility
- Below average pricing headwinds
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2023
-0.9%
Avg return
Earnings day
+0.1%
Avg return
5 days after
+1.8%
Avg return
30 days after
41%
30 / 73 earnings
Positive
+12.2%
Q2 2016
Best reaction
-14.1%
Q2 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2025 | -6.1% | +7.4% | +7.7% | |
| Q1 2026 | -0.9% | +7.4% | +7.7% | |
| Q3 2025 | -1.5% | +0.2% | +3.4% | |
| Q2 2025 | +1.9% | -0.3% | +0.8% | |
| Q1 2025 | +2.0% | +5.3% | +23.4% | |
| Q4 2024 | -1.5% | -3.3% | -1.3% | |
| Q3 2024 | +2.1% | +0.5% | +3.6% | |
| Q2 2024 | +8.1% | +7.0% | +2.0% | |
| Q1 2024 | +1.4% | -1.5% | +3.6% | |
| Q4 2023 | +0.0% | -0.6% | -2.4% | |
| Q3 2023 | -1.3% | -4.5% | +4.4% | |
| Q2 2023 | -14.1% | -10.4% | -4.9% | |
| Q1 2023 | -6.4% | -8.0% | -14.5% | |
| Q4 2022 | +7.1% | +9.5% | +14.3% | |
| Q3 2022 | +1.2% | +8.3% | +16.8% | |
| Q2 2022 | +8.6% | +11.9% | +25.2% | |
| Q1 2022 | -10.2% | -9.6% | -16.5% | |
| Q4 2021 | -6.7% | -7.1% | -7.5% | |
| Q3 2021 | +4.7% | +7.2% | +3.7% | |
| Q2 2021 | -2.9% | +3.9% | +10.8% | |
| Q1 2021 | -6.5% | -7.4% | +0.3% | |
| Q4 2020 | -0.7% | -3.9% | -3.2% | |
| Q3 2020 | -3.9% | -4.4% | +2.3% | |
| Q2 2020 | -6.4% | -4.8% | +9.3% | |
| Q1 2020 | -0.5% | -1.8% | -7.0% | |
| Q4 2019 | +0.2% | -0.7% | -4.1% | |
| Q3 2019 | +9.5% | +10.4% | +21.5% | |
| Q2 2019 | +5.2% | +5.9% | -10.8% | |
| Q1 2019 | -5.4% | -3.9% | -16.1% | |
| Q4 2018 | -0.6% | -0.3% | -0.5% | |
| Q3 2018 | -11.2% | -15.6% | -10.1% | |
| Q2 2018 | -6.2% | -6.0% | -8.4% | |
| Q1 2018 | -1.8% | -3.2% | -4.7% | |
| Q4 2017 | +3.4% | +1.8% | -5.8% | |
| Q3 2017 | -2.7% | -5.7% | -6.5% | |
| Q2 2017 | +1.1% | +0.7% | +1.0% | |
| Q1 2017 | +5.1% | +4.1% | +1.7% | |
| Q4 2016 | -4.9% | +2.3% | +3.1% | |
| Q3 2016 | -0.1% | -1.0% | +10.7% | |
| Q2 2016 | +12.2% | +13.1% | +18.4% | |
| Q1 2016 | +0.5% | — | — | |
| Q4 2015 | -7.1% | — | — | |
| Q3 2015 | -3.4% | — | — | |
| Q2 2015 | -6.1% | — | — | |
| Q1 2015 | -1.6% | — | — | |
| Q4 2014 | -4.9% | — | — | |
| Q3 2014 | +5.0% | — | — | |
| Q2 2014 | +0.8% | — | — | |
| Q1 2014 | -3.4% | — | — | |
| Q4 2013 | -6.1% | — | — | |
| Q3 2013 | -3.1% | — | — | |
| Q2 2013 | -0.1% | — | — | |
| Q1 2013 | +1.3% | — | — | |
| Q4 2012 | +9.7% | — | — | |
| Q3 2012 | +7.5% | — | — | |
| Q1 2012 | -5.7% | — | — | |
| Q2 2012 | -5.7% | — | — | |
| Q4 2011 | +3.7% | — | — | |
| Q3 2011 | +0.6% | — | — | |
| Q2 2011 | -9.7% | — | — | |
| Q1 2011 | +0.9% | — | — | |
| Q4 2008 | -1.0% | — | — | |
| Q4 2010 | -1.0% | — | — | |
| Q3 2010 | +1.8% | — | — | |
| Q2 2010 | -0.9% | — | — | |
| Q4 2009 | -0.9% | — | — | |
| Q1 2009 | +2.8% | — | — | |
| Q1 2010 | +0.4% | — | — | |
| Q4 2007 | -1.7% | — | — | |
| Q3 2008 | +2.1% | — | — | |
| Q3 2009 | +2.1% | — | — | |
| Q2 2009 | -5.9% | — | — | |
| Q2 2008 | -5.9% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro