AI English summary of an SEC filing — figures as filed
State Street STTThe company reported diluted earnings per share (EPS) of $2.15 for Q2 2024, net income of $711 million, and total revenue of $3,191 million. Net income was $463 million in the prior quarter and $763 million a year earlier.
Key points
AI summaryThe company reported diluted earnings per share (EPS) of $2.15 for Q2 2024, net income of $711 million, and total revenue of $3,191 million. Net income was $463 million in the prior quarter and $763 million a year earlier.
State Street said total fee revenue for Q2 was $2,456 million, up 2% from a year earlier. Management fees rose 11%, while Servicing fees fell 2%. Net interest income was $735 million, up 6%.
The company said Investment Servicing AUC/A as of June 30, 2024 was $44,312 billion, up 12% from a year earlier, and AUM was $4,415 billion, up 16%. It also said new servicing AUC/A wins for Q2 were $291 billion.
The company said it returned a total of $407 million to shareholders in Q2, consisting of $200 million in common share repurchases and $207 million in declared common stock dividends. It said its quarter-end CET1 ratio was 11.2%, 0.6 percentage points lower than a year earlier.
Summary
AI-writtenAnalysis scope · Filing body and confirmed press-release exhibitWe analyzed the opening part of the filing body and confirmed exhibits, within a length limit. This is not a review of other exhibits, investor presentations or the full earnings call.
State Street reports Q2 EPS of $2.15, net income of $711 million
The company reported diluted earnings per share (EPS) of $2.15 for Q2 2024, net income of $711 million, and total revenue of $3,191 million. Net income was $463 million in the prior quarter and $763 million a year earlier.
Source · Based on the filing body and exhibits
Fee and net interest income changes year over year
State Street said total fee revenue for Q2 was $2,456 million, up 2% from a year earlier. Management fees rose 11%, while Servicing fees fell 2%. Net interest income was $735 million, up 6%.
Source · Based on the filing body and exhibits
Quarter-end AUC/A of $44.3 trillion, AUM of $4.4 trillion
The company said Investment Servicing AUC/A as of June 30, 2024 was $44,312 billion, up 12% from a year earlier, and AUM was $4,415 billion, up 16%. It also said new servicing AUC/A wins for Q2 were $291 billion.
Source · Based on the filing body and exhibits
Capital return and CET1 ratios
The company said it returned a total of $407 million to shareholders in Q2, consisting of $200 million in common share repurchases and $207 million in declared common stock dividends. It said its quarter-end CET1 ratio was 11.2%, 0.6 percentage points lower than a year earlier.
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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