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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
State Street Reports $783 Million Quarterly Profit

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.

Dollars in millions
Jun 30, 2024    Mar 31, 2024    Dec 31, 2023    Sep 30, 2023   

Income Statement

Revenue $3,191.0  $3,138.0  $11,945.0  $2,691.0 
Net Income $711.0  $463.0  $1,944.0  $422.0 
Net Cash -$1,149.0  -$634.0  $77.0  $0.0 
Gross Margin $3,191.0       
Profit as % of Revenues448.80       
Profit as % of Assets0.23 145766.86 0.65 144060.49 
Profit as % of Stockholder Equity2.87 1894978.10 8.17 1786545.87 
Return on Equity2.87 552531.41 8.17 1786545.87 
Return on Assets0.22 39940.47 0.65 148374.73 
Turnover Ratio1.02 9879.40 0.04 9186.42 

Balance Sheet

Total Assets $325,603.0  $338,003.0  $297,258.0  $284,415.0 
Total Liabilities $300,841.0  $313,570.0  $273,459.0  $260,794.0 

Cash Flow Statement

Operating Cash Flow -$8,488.0  -$844.0  $690.0  $0.0 
Investing Cash Flow -$22,174.0  -$41,352.0  $12,738.0  $0.0 
Financing Cash Flow $29,513.0  $41,562.0  -$13,351.0  $0.0 
 
USinMinutes is an offering of 10kInfo, Inc., bringing you news on the latest regulatory filings. Although we take care to ensure accuracy, the article does not intend to replace user diligence in decisions of financial or legal implications.
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