| Market Capitalization (Millions $) |
54,951 |
| Shares
Outstanding (Millions) |
283 |
| Employees |
52,000 |
| Revenues (TTM) (Millions $) |
14,456 |
| Net Income (TTM) (Millions $) |
3,063 |
| Cash Flow (TTM) (Millions $) |
1,860 |
| Capital Exp. (TTM) (Millions $) |
1,099 |
Business Description
State Street Corporation is a prominent financial services company headquartered in Boston, Massachusetts. Founded in 1792, it stands as one of the oldest financial institutions in the United States. The company offers a diverse range of financial products and services, which include asset management, custody, securities lending, fund accounting, and foreign exchange services.
As of 2023, State Street employs over 41,000 personnel across more than 100 offices worldwide. The organizations global footprint extends to significant markets in North America, Europe, the Middle East, Asia, and Australia, underscoring its prominence in the financial services industry.
State Street is particularly well-known for its asset servicing capabilities, which encompass custody, administration, and accounting services for a variety of institutional investors. It ranks among the largest custodian banks globally, boasting over $45 trillion in assets under custody and administration. Additionally, the company manages approximately $3.6 trillion in assets for its clients, highlighting its substantial role in the asset management sector.
In the investment management domain, State Street offers a wide array of investment solutions, including mutual funds, exchange-traded funds (ETFs), and separately managed accounts. State Street Global Advisors, the company’s investment management division, is recognized as one of the leading ETF providers in the world, with a diverse range of products that cater to different investment strategies and objectives.
Beyond asset servicing and investment management, State Street is a significant participant in foreign exchange trading and securities lending. The firm plays an important role in the global foreign exchange market, delivering trading services tailored to the needs of institutional investors, corporations, and central banks. Its securities lending services enable clients to borrow securities for purposes such as short selling or meeting other temporary liquidity requirements.
State Street Corporations longstanding history, coupled with its robust global operations and expertise in asset servicing and investment management, solidifies its reputation as a highly respected and valuable partner for institutional investors around the world. The company continues to evolve and adapt to the changing landscape of the financial services industry, consistently aiming to meet the diverse needs of its clients.
Company Address: One Lincoln Street Boston, 2111 MA
Company Phone Number: 786-3000 Stock Exchange / Ticker: NYSE STT
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