secwatch.observer — SEC 8-K summary
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Issuer:     STATE STREET CORP (STT)
CIK:        0000093751
Form:       8-K
Filed at:   2024-01-19T23:59:59+00:00
Accession:  0000093751-24-000022
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

State Street Q4 GAAP EPS $0.55, $2.04 ex-notables; FDIC charge hits; $5B buyback authorized
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- Q4 GAAP EPS $0.55 (diluted) vs $1.91 YoY; adjusted EPS excluding notable items $2.04.
- Total revenue $3.043B, down 4% YoY; net interest income $678M, down 14%.
- Recorded $387M FDIC special assessment and $203M net repositioning charges in Q4.
- New $5B common share repurchase authorization announced with no set expiration.
- Record quarterly total net inflows of $103B in Global Advisors, driven by ETFs and Cash.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/93751/000009375124000022/0000093751-24-000022-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/93751/000009375124000022/stt-20240119.htm
  HTML page:      https://secwatch.observer/filing/0000093751-24-000022

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