secwatch.observer — SEC 8-K summary
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Issuer:     STATE STREET CORP (STT)
CIK:        0000093751
Form:       8-K
Filed at:   2024-07-16T23:59:59+00:00
Accession:  0000093751-24-000662
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

State Street Q2 EPS $2.15, revenue up 3% YoY; plans 10% dividend hike
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/93751/000009375124000662/0000093751-24-000662-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/93751/000009375124000662/stt-20240716.htm
  HTML page:      https://secwatch.observer/filing/0000093751-24-000662

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