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Sep 30, 2023
State Street Q3 2023 Earnings Report
State Street's Q3 2023 earnings were reported with an EPS of $1.25, or $1.93 excluding notable items, and total fee revenue increased by 3%.
Key Takeaways
State Street reported Q3 2023 earnings with a diluted EPS of $1.25 ($1.93 excluding notable items). Total fee revenue increased 3% year-over-year, driven by Investment Services and asset management. The company returned $1.2 billion to shareholders through share repurchases and dividends.
Total fee revenue increased by 3% year-over-year, supported by Investment Services and asset management.
Generated strong servicing fee revenue wins of $91 million in the quarter, including the first Alpha for Private Markets mandate.
Transformation and productivity initiatives limited year-over-year expense growth.
Returned $1.2 billion to shareholders through common share repurchases and dividends.