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Mar 31, 2024
State Street Q1 2024 Earnings Report
State Street reported EPS of $1.37 and total fee revenue increased by 4%.
Key Takeaways
State Street reported a positive first quarter in 2024, with EPS at $1.37 ($1.69 excluding notable items). Total fee revenue increased by 4%, driven by growth in management fees and front office software and data revenue. The company saw record AUC/A and AUM at quarter-end and continued to execute on strategic priorities.
Total fee revenue increased by 4%, with management fees up 12% and front office software and data revenue up 32%.
New investment servicing AUC/A wins totaled $474 billion.
AUC/A reached a record $43.9 trillion, and AUM hit a record $4.3 trillion at quarter-end.
Fee operating leverage was -2% points, reflecting notable items, but positive fee operating leverage was 3% points, excluding notable items.
State Street
State Street
State Street Revenue by Segment
Revenue by Segment
Servicing Fees Revenue
CapyFin.comManagement Fees Revenue
CapyFin.comFX Trading Services Revenue
CapyFin.comSecurities Finance Revenue
CapyFin.comSoftware & Processing Revenue
CapyFin.comLending & Other Fees Revenue
CapyFin.com Forward Guidance
State Street will continue to focus on driving positive fee operating leverage through fee revenue growth, innovation, automation, and productivity while maintaining its strong balance sheet position.
Revenue & Expenses
Visualization of income flow from segment revenue to net income