earnings
confidence high
sentiment neutral
materiality 0.70
State Street Q2 EPS $2.15, revenue up 3% YoY; plans 10% dividend hike
STATE STREET CORP
2024-Q2 EPS reported
$3.52
revenue$6,329,000,000
- Diluted EPS $2.15 vs $2.17 YoY (-1%); net income $711M (-7% YoY).
- Total revenue $3.191B (+3% YoY); fee revenue $2.456B (+2%), NII $735M (+6%).
- Record AUC/A $44.3T (+12% YoY); record AUM $4.4T (+16% YoY).
- Planned 10% increase in quarterly dividend to $0.76/share in Q3, subject to Board approval.
- Servicing fees -2%; Management fees +11%; FX trading +11% YoY.