earnings
confidence high
sentiment positive
materiality 0.75
State Street Q4 EPS $1.91, adjusted $2.07; announces $4.5B buyback authorization
STATE STREET CORP
2022-FY EPS reported
$7.19
revenue$12,148,000,000
- EPS $1.91 ($2.07 ex-notables); total revenue $3,155M (+3% YoY); NII $791M (+63%).
- Fee revenue $2,364M (-6% YoY); FX trading +22%, Front office software +28%; securities finance +1%.
- Expenses -3% YoY to $2,256M; pre-tax margin 28.2% (30.9% ex-notables).
- New $4.5B share repurchase authorization for 2023; CET1 ratio 13.6%; ROE 11.8%.
- AUC/A $36.7T (-16% YoY); AUM $3.5T (-16%); ETF net inflows $27B in Q4.