earnings
confidence high
sentiment positive
materiality 0.85
State Street Q2 EPS $3.65 (+68% YoY); revenue $4.0B (+17%); raises dividend 10%
STATE STREET CORP
- Diluted EPS of $3.65 vs $2.17 YoY; net income $1.08B (+56%); total revenue $4.05B (+17%).
- Record AUC/A of $57.9T (+18% YoY) and AUM of $6.3T (+23% YoY); pre-tax margin 34.3%.
- Declared 10% increase in Q3 common dividend; returned $631M to shareholders in Q2 ($400M buybacks).
- New servicing fee revenue wins of $87M; AUC/A wins of $384B; SPYM ETF selected for Trump Accounts.
- No notable items in Q2; CET1 ratio 10.8%; FX client trading volumes up 25% YoY.