secwatch.observer — SEC 8-K summary
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Issuer:     STATE STREET CORP (STT)
CIK:        0000093751
Form:       8-K
Filed at:   2023-10-18T23:59:59+00:00
Accession:  0000093751-23-000690
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

State Street Q3 GAAP EPS $1.25; adjusted $1.93; total revenue down 9% on portfolio repositioning
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- GAAP net income $422M, EPS $1.25 (down 31% YoY); excluding notable items, EPS $1.93.
- Total fee revenue up 3% YoY to $2.36B, driven by servicing fees and asset management.
- Record quarterly cash net inflows of $41B at Global Advisors; AUC/A up 12% to $40T.
- Portfolio repositioning loss of $294M ($0.68 per share after tax) to benefit NII in future periods.
- Returned $1.2B to shareholders via buybacks and dividends; CET1 ratio 11.0%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/93751/000009375123000690/0000093751-23-000690-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/93751/000009375123000690/stt-20231018.htm
  HTML page:      https://secwatch.observer/filing/0000093751-23-000690

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