secwatch.observer — SEC 8-K summary
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Issuer:     STATE STREET CORP (STT)
CIK:        0000093751
Form:       8-K
Filed at:   2023-04-17T23:59:59+00:00
Accession:  0000093751-23-000550
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

State Street Q1 EPS $1.52, net income down 9% YoY, NII up 50%
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- EPS $1.52 vs $1.57 YoY; net income $549M down 9% YoY; total revenue $3.1B up 1%.
- Fee revenue $2.335B down 9% YoY; NII $766M up 50% on higher rates.
- CET1 ratio 12.1%; returned $1.5B capital via buybacks and dividends.
- Provision for credit losses $44M including $29M from $1B liquidity support to a bank.
- AUC/A $37.6T down 10%; AUM $3.6T down 10%; announced acquisition of CF Global Trading.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/93751/000009375123000550/0000093751-23-000550-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/93751/000009375123000550/stt-20230417.htm
  HTML page:      https://secwatch.observer/filing/0000093751-23-000550

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer