NYSE$STT
State Street Corp · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
State Street's financial performance was encouraging in the second quarter of 2024, marked by revenue growth and well-controlled expenses.
State Street reported Q2 2024 EPS of $2.15. The company saw a 3% increase in total revenue driven by net interest income and fee revenue growth. They also reported record AUC/A of $44.3 trillion and AUM of $4.4 trillion.
- Total revenue increased by 3%, driven by net interest income growth of 6% and fee revenue growth of 2%.
- Management fees increased by 11% year-over-year.
- The company achieved positive operating leverage, with a pre-tax margin of 28.6% and an ROE of 11.9%.
- State Street plans a 10% increase to its quarterly common stock dividend.
Headline financials
Revenue & EPS history
State Street · Revenue · Quarterly
$3.19B
Revenue by segment
State Street · $2.32B total across 5 segments · Q3 2023
- Servicing Fees$1.23B+1.2%53.3%
- Management Fees$479M+1.5%20.7%
- FX Trading Services$313M-1.9%13.5%
- Software & Processing$188M+2.2%8.1%
- Securities Finance$103M-6.4%4.4%
Forward guidance
No specific forward guidance was provided in the press release. The release focused on Q2 2024 results and strategic initiatives.
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 2024
-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% | — | — |
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