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State Street Corporation (STT) Q2 2025 Earnings Call Transcript
State Street Corporation (NYSE:STT ) Q2 2025 Earnings Conference Call July 15, 2025 12:00 PM ET Company Participants Elizabeth Lynn - Executive VP & Global Head of Investor Relations Mark R. Keating - Executive VP & Interim CFO Ronald Philip O'Hanley - CEO, President & Chairman Conference Call Participants Alexander Blostein - Goldman Sachs Group, Inc., Research Division Betsy Lynn Graseck - Morgan Stanley, Research Division Brian Bertram Bedell - Deutsche Bank AG, Research Division Ebrahim Huseini Poonawala - BofA Securities, Research Division Gerard Sean Cassidy - RBC Capital Markets, Research Division Glenn Paul Schorr - Evercore ISI Institutional Equities, Research Division James Francis Mitchell - Seaport Research Partners Kenneth Michael Usdin - Bernstein Autonomous LLP Michael Lawrence Mayo - Wells Fargo Securities, LLC, Research Division Operator Good afternoon, and welcome to State Street Corporation's Second Quarter 2025 Earnings Conference Call and Webcast.
State Street: Q2 Pricing Pressure Overshadows Expense Discipline
State Street delivered strong Q2 results with solid cost controls, asset inflows, and operating leverage, but faces ongoing pricing and margin pressures. Fee growth continues to lag asset growth due to structural pricing pressure, and net interest margin has likely peaked amid a less favorable deposit mix. Q2's FX trading surge was likely a one-time windfall, so H2 results may moderate as trading activity normalizes and capital ratios decline.
State Street's Q2 Earnings Top as Fee Income Rises Y/Y, Stock Down
STT beats Q2 earnings and revenue estimates on higher fee income, but shares dip on expense and NII pressures.
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State Street Corp Profile
| Asset Management Industry | Financial Services Sector | Ronald Philip O'Hanley CEO | NYSE Exchange | 857477103 Cusip |
| US Country | 52,711 Employees | 1 Oct 2025 Last Dividend | 31 May 2001 Last Split | 9 Jul 1986 IPO Date |
Overview
State Street Corporation is a premier financial institution that serves institutional investors across the globe with a comprehensive suite of financial products and services. With its foundation laid in 1792, the company has established a robust presence, especially in the domain of investment servicing, and has historically headquartered in Boston, Massachusetts. Its expansive clientele includes mutual funds, collective investment funds, UCITS, hedge funds, corporate and public retirement plans, insurance companies, foundations, endowments, and investment managers. By offering a diversely integrated spectrum of financial solutions, State Street Corporation stands as a vital facilitator in the terrain of institutional investment management.
Products and Services
State Street Corporation's offerings encompass a wide array of financial products and services designed to meet the intricate needs of institutional investors worldwide. The detailed range of these offerings includes:
- Investment Servicing: This category envelops a variety of essential services such as custody, accounting, regulatory reporting, investor relations, and performance and analytics, tailored to support the operational needs of institutional investors.
- Middle Office Products: Features critical operational services including IBOR, transaction management, loans, cash management, derivatives and collateral management, record keeping, and client reporting and investment analytics to bolster the middle office functions of investment firms.
- Finance Leasing: Offers solutions in finance leasing to facilitate equipment or property financing, providing a financial edge to institutional clients.
- Foreign Exchange and Brokerage Services: Provides comprehensive foreign exchange and brokerage services, including other trading services to assist in the global investment operations of clients.
- Securities Finance and Enhanced Custody Products: Specializes in securities finance and offers enhanced custody products to optimize securities lending and borrowing strategies.
- Deposit and Short-term Investment Facilities: Proposes various depositary and short-term investment options to manage liquidity and yield optimization efficiently.
- Operational Outsourcing: Delivers operational outsourcing options for investment manager and alternative investment manager operations, encompassing performance, risk, and compliance analytics, alongside financial data management.
- Portfolio Management and Risk Analytics: Offers advanced tools for portfolio management and risk analytics, coupled with trading and post-trade settlement services integrated with compliance and managed data solutions.
- Investment Management Strategies and Products: Covers a broad spectrum of investment strategies and products including core and enhanced indexing, multi-asset strategies, active quantitative and fundamental active capabilities, and alternative investment strategies.
- ESG Investing, Defined Benefit and Contribution, and Global Fiduciary Solutions: Provides specialized services and solutions in environmental, social, and governance (ESG) investing, defined benefit and defined contribution plans, and overall global fiduciary solutions to meet the sustainable investment goals and fiduciary responsibilities of clients.
- Exchange-Traded Funds (ETFs): Offers a diverse range of exchange-traded funds under the SPDR ETF brand, catering to various investment preferences and strategies.
Contact Information
