Contact: Joji George
Company: State Street Corporation
LinkedIn: [Joji George](https://www.linkedin.com/in/joji-george-70169310/)
Company Overview
State Street Corporation is a leading global financial services firm specializing in investment servicing, investment management, and investment research and trading. It primarily serves institutional investors including asset managers, insurance companies, pension funds, and sovereign wealth funds.
- Official website: [www.statestreet.com](https://www.statestreet.com)
- Sector: Financial Services / Custodian Bank / Asset Servicing
Company Financial Profile
Recent data integrated from multiple reliable sources including SEC filings, investor relations releases, and financial news reports provide a coherent and comprehensive financial snapshot:
- Revenue:
- Fiscal Year 2023: Approximately $18.37 billion (noted as $18.366B by Macrotrends)
- Trailing Twelve Months (TTM) ending mid-2024/2025: About $13.3 billion (SEC and ZoomInfo figures)
- Variations in reported revenue between $13.3B and $22.1B across certain sources likely reflect differences in reporting periods, accounting adjustments, or definitions of revenue components. The most consistent and recent SEC/Form 10-K and investor releases indicate FY 2023 around $18 billion and Q4/FY 2024 closer to $13 billion.
- Net Income & Profitability:
- 2023 Net income: approximately $2.69 billion (SEC filings)
- Earnings per Share (EPS) rose to $8.21 in 2024 from $5.58 in 2023, showing a strong upward earnings trend (per 2024 Annual Report).
- Assets Under Custody/Administration (AUC/A):
- Approximately $41.8 trillion as of December 2023
- Assets Under Management (AUM): about $4.1 trillion as of December 2023
- These volumes position State Street among the world’s largest custodians and asset servicers.
- Total Assets:
- Roughly $353 billion (2023 SEC and Wikipedia data)
- Latest filings indicate consolidated assets near $297 billion as of late 2024, reflecting market or portfolio changes.
- Equity & Capital:
- Total equity stands at about $23.8 billion (latest SEC filings, 2024-2025)
Business Model & Market Position
State Street provides a comprehensive suite of financial services focusing on servicing institutional investors globally. Its revenue streams primarily derive from:
- Custody and administration fees
- Investment servicing fees
- Asset management fees
- Securities finance revenue, which increased 14% in Q1 2023 (SEC filings)
- Proprietary trading and net interest income, contributing materially to total revenue
Notably, despite challenges in fee revenue and some sequential asset fluctuations, State Street exhibits consistent fee revenue growth on a multi-year CAGR basis (~1.7% from 2020-2024) amid market volatility (Yahoo Finance analysis). The firm increased earnings per share and demonstrated profitability resilience.
The company has continued strategic initiatives in expanding its investment servicing and management offerings, including innovative products like target-date retirement funds and sustainable investing options via State Street Global Advisors (SSGA). SSGA is an important component of State Street's asset management business, managing trillions and driving innovation in ESG and retirement solutions.
Recent Performance Highlights
- Q2 2025 revenue for the quarter approximately $3.42 billion, reflecting 7.45% growth year-over-year (StockAnalysis.com).
- Annual revenue growth reported at 34.14% from 2022 to 2023 at one point, although the calendar year 2024 revenue appears somewhat lower (~$13 billion), suggesting variability due to accounting periods or market cycles.
- EPS grew by 13% year-over-year in 2024 excluding notable items (Annual Report 2024).
- Fee revenue increased 7% in FY 2024 (6% excluding notable items).
- Expenses held steady around $9.5 billion (FY 2024), indicating controlled cost management.
Corporate and Regulatory Context
- State Street files detailed quarterly (10-Q) and annual (10-K) reports with the SEC, reflecting transparent regulatory compliance and standard financial disclosures.
- The company is publicly traded on the NYSE under ticker symbol STT.
- Recent proxy statements and filings detail ongoing governance measures and executive compensation aligned with shareholder returns.
Domain & Online Presence
- The company domain is statestreet.com, serving as the primary online channel for regulatory disclosures, corporate updates, and client engagement.
- Investor relations materials including earnings releases, annual reports, and SEC filings are publicly available at [investors.statestreet.com](https://investors.statestreet.com).
Role of Contact: Joji George (LinkedIn Profile)
While detailed information on Joji George’s specific role within State Street is not explicitly included in the gathered data, the LinkedIn profile URL provided associates him directly with State Street. Engagement with him should consider his corporate association with one of the largest global custodians and asset managers, where understanding institutional investor dynamics, asset servicing complexities, and data-driven investment products will be critical.
Summary of Key Quantitative Metrics
| Metric | Figure | Date/Source |
|--------------------------------|-------------------------------------|------------------------------|
| Total Revenue (FY 2023) | $18.37 billion | Macrotrends, SEC filings |
| Trailing 12-month Revenue | ~$13.3 billion | SEC, ZoomInfo |
| Net Income (2023) | $2.687 billion | SEC filings |
| Earnings Per Share (EPS) 2024 | $8.21 | 2024 Annual Report |
| Assets Under Custody/Administration | $41.8 trillion | Dec 31, 2023 (Company Report)|
| Assets Under Management (AUM) | $4.1 trillion | Dec 31, 2023 (Company Report)|
| Total Assets | ~$297-353 billion | SEC filings / Wikipedia |
| Total Equity | ~$23.8 billion | SEC filings (2024-2025) |
This data-driven profile establishes State Street Corporation as a financially robust and globally influential asset servicing and management company, with recent growth in earnings and assets under custody despite some cyclical revenue variation. Joji George’s association with State Street situates him within a company demonstrating strategic innovation in institutional financial services and resilience amid evolving market conditions.
