State Street ( (STT) ) has released its Q1 earnings. Here is a breakdown of the information State Street presented to its investors.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
State Street Corporation is a leading provider of financial services to institutional investors, offering investment servicing, management, and research and trading solutions globally. In its first quarter of 2025, State Street reported a significant increase in earnings per share (EPS) of $2.04, marking a 49% rise from the previous year. The company’s total revenue increased by 5%, driven by a 6% rise in fee revenue, with notable growth in management fees and front office software and data revenue. State Street’s expenses decreased by 3%, contributing to positive operating leverage and pre-tax margin expansion. Key financial highlights include a 6% increase in assets under custody and administration (AUC/A) and a 9% rise in assets under management (AUM). The company also achieved new servicing fee revenue wins and expanded its ETF market share. Looking ahead, State Street’s management remains confident in its strategic direction, emphasizing adaptability and financial strength to navigate the current economic environment and continue delivering growth for shareholders.