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Dec 31, 2023
State Street Q4 2023 Earnings Report
State Street reported Q4 2023 earnings with an EPS of $0.55, or $2.04 excluding notable items, and total revenue of $3.043 billion, a decrease of 4% year-over-year. The company saw strong growth in new servicing mandates and record net inflows in Global Advisors.
Key Takeaways
State Street's Q4 2023 results showed a decrease in total revenue and EPS compared to the previous year, but the company experienced strong business momentum with new investment servicing mandates and record net inflows in Global Advisors. Strategic actions to transform the operating model and enhance productivity are underway.
New investment servicing mandates reached $501 billion in AUC/A.
Global Advisors achieved record total net inflows of $103 billion.
Servicing fees, management fees, and front office software and data revenues saw increases of 1%, 5%, and 13%, respectively.
A new authorization to repurchase up to $5 billion of common shares was announced.
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
As State Street enters 2024, the company will progress against its strategic priorities, with an intense focus on execution and accountability for growth. They continue to operate from a position of scale and balance sheet strength.
Positive Outlook
- Focus on strategic priorities.
- Intense focus on execution.
- Accountability for growth.
- Operate from a position of scale.
- Strong balance sheet.
Revenue & Expenses
Visualization of income flow from segment revenue to net income