NYSE$STT
State Street Corp · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
State Street reported Q4 2023 earnings with an EPS of $0.55, or $2.04 excluding notable items, and total revenue of $3.043 billion, a decrease of 4% year-over-year. The company saw strong growth in new servicing mandates and record net inflows in Global Advisors.
State Street's Q4 2023 results showed a decrease in total revenue and EPS compared to the previous year, but the company experienced strong business momentum with new investment servicing mandates and record net inflows in Global Advisors. Strategic actions to transform the operating model and enhance productivity are underway.
- New investment servicing mandates reached $501 billion in AUC/A.
- Global Advisors achieved record total net inflows of $103 billion.
- Servicing fees, management fees, and front office software and data revenues saw increases of 1%, 5%, and 13%, respectively.
- A new authorization to repurchase up to $5 billion of common shares was announced.
Headline financials
Revenue & EPS history
State Street · Revenue · Quarterly
$3.04B
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
As State Street enters 2024, the company will progress against its strategic priorities, with an intense focus on execution and accountability for growth. They continue to operate from a position of scale and balance sheet strength.
Tailwinds
- Focus on strategic priorities.
- Intense focus on execution.
- Accountability for growth.
- Operate from a position of scale.
- Strong balance sheet.
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 Q4 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% | — | — |
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