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State Street Reports $783 Million Quarterly Profit
By USinMinutes - Jan 17, 2025, 07:01 AM ET
Last Updated - Jan 17, 2025, 07:02 AM EST
The company records $3.4 billion revenue for Q4 ended Dec 31, 2024
STATE STREET CORP [STT] reported $783 million profit for Q4 ended Dec 31, 2024, showing an increase of $53 million.
The company revealed in its 8-K filing to the SEC dated Jan 17, 2025 that it generated revenue of $3.4 billion for the period, showing an increase of $153 million from the last quarter.
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Based in Boston, MA, the company reported $2.5 earnings per share for the period, compared to $2.3 in the last quarter.
The company's profit increased by 7% from $730 million in the last quarter.
The revenue of State Street Corporation with 53 thousand employees on the rolls showed 4.7% an increase from $3.3 billion in the last quarter.
The revenue increased 12.1% from $3 billion in the same quarter of the previous year.
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