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Dec 31, 2024
State Street Q4 2024 Earnings Report
State Street reported Q4 2024 earnings with EPS of $2.46, or $2.60 excluding notable items, and total revenue up 12%.
Key Takeaways
State Street reported a strong fourth quarter in 2024, with a 12% increase in total revenue driven by fee revenue growth and net interest income. The company achieved positive fee and total operating leverage, with a pre-tax margin of 28% (30% ex-notables). New AUC/A wins exceeded $1 trillion, and the company met its full-year Servicing fee revenue wins goal.
Total revenue increased by 12%, driven by higher fee revenue and net interest income.
Fee revenue increased by 13%, reflecting broad-based strength across the entire franchise.
New AUC/A wins in Investment Services exceeded $1 trillion.
Investment Management achieved record Management fees and $64 billion of quarterly net inflows.
Revenue by Segment
Forward Guidance
State Street remains intensely focused on executing against its strategic priorities to drive sustainable growth while also maintaining expense discipline and generating and returning capital to its shareholders.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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