State Street Corp Q4 2024 Earnings Call Summary - Thomson StreetEvents

State Street Corp Q4 2024 Earnings Call Summary

State Street Corp Q4 2024 Earnings Call Summary - Thomson StreetEvents
State Street Corp Q4 2024 Earnings Call Summary
Published Jan 17, 2025
9 pages (4463 words) — Published Jan 17, 2025
Price US$ 54.00  |  Buy this Report Now

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Abstract:

Edited Brief of STT.N earnings conference call or presentation 17-Jan-25 4:00pm GMT

  
Brief Excerpt:

...A. These results included both positive fee and operating leverage, pre-tax margin expansion, and higher earnings growth, illustrating the power of our franchise and the effectiveness of our strategy. B. Full year fee and total revenue increased 7% and 9% respectively, excluding notable items, fee revenue, NII, and total revenue each increased by a solid 6% year over year in 2024. C. Year over year, each revenue line contributed positively including double digit growth in management fees, FX trading services, and front office software and data revenues while we also delivered a second consecutive year of a record NII. D. Full year EPS was $8.21 as compared to $5.58 in 2023, excluding notable items, EPS growth was up 13% year over year, pre-tax markets expanded by more than 100 basis points while full year return on average tangible common equity was a robust 19%. E. 2024 was an important year of business growth and significantly improved sales performance, which sets us up well as we look...

  
Report Type:

Brief

Source:
Company:
State Street Corp
Ticker
STT.N
Time
4:00pm GMT
Format:
PDF Adobe Acrobat
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The following is excerpted from the question-and-answer section of the transcript.

(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)

Question: Alex Blostein - Goldman Sachs & Co. Inc. - Analyst : I was hoping we could start with a question around service and fee growth outlook. Your slide implies that you expect to see some growth there in 2025. Given payroll market and organic growth, the payroll market point makes total sense. Pretty reasonable and organic growth feels right as well, given the momentum we see in the business. But maybe what are some of the other assumptions in terms of client retention or attrition rates, pricing is always been a factor as well. So maybe just a little more granularity there on that. As well as what are your sales growth expectations for 2025 within servicing?


Question: Alex Blostein - Goldman Sachs & Co. Inc. - Analyst : Yeah, no, that's very helpful framework. I appreciate that. Yep, go ahead, Ron.


Question: Alex Blostein - Goldman Sachs & Co. Inc. - Analyst : Great, very helpful. Thank you, both. But my follow up is around capital management and Ron I heard you say 80% or 80%-plus for 2025 payout. But given the fact that Tier 1 leverage, I think slipped a little bit at the end of the quarter, given the higher balance sheet and the client activity component also seems to be a bit more ...


Question: Alex Blostein - Goldman Sachs & Co. Inc. - Analyst : Okay, great. And mark, nice to meet you as well. And Eric, best of luck, all the best wishes.

Table Of Contents

State Street Corp at UBS Financial Services Conference Summary – 2025-02-11 – US$ 54.00 – Edited Brief of STT.N presentation 11-Feb-25 3:30pm GMT

State Street Corp at UBS Financial Services Conference Transcript – 2025-02-11 – US$ 54.00 – Edited Transcript of STT.N presentation 11-Feb-25 3:30pm GMT

State Street Corp Q4 2024 Earnings Call (Additional Q&A Session) Summary – 2025-01-22 – US$ 54.00 – Edited Brief of STT.N earnings conference call or presentation 22-Jan-25 5:00pm GMT

State Street Corp Q4 2024 Earnings Call (Additional Q&A Session) Transcript – 2025-01-22 – US$ 54.00 – Edited Transcript of STT.N earnings conference call or presentation 22-Jan-25 5:00pm GMT

State Street Corp Q4 2024 Earnings Call Transcript – 2025-01-17 – US$ 54.00 – Edited Transcript of STT.N earnings conference call or presentation 17-Jan-25 4:00pm GMT

State Street Corp at Goldman Sachs U.S. Financial Services Conference Summary – 2024-12-10 – US$ 54.00 – Edited Brief of STT.N presentation 10-Dec-24 8:40pm GMT

State Street Corp at Goldman Sachs U.S. Financial Services Conference Transcript – 2024-12-10 – US$ 54.00 – Edited Transcript of STT.N presentation 10-Dec-24 8:40pm GMT

State Street Corp Q3 2024 Earnings Call Summary – 2024-10-15 – US$ 54.00 – Edited Brief of STT.N earnings conference call or presentation 15-Oct-24 4:00pm GMT

State Street Corp Q3 2024 Earnings Call Transcript – 2024-10-15 – US$ 54.00 – Edited Transcript of STT.N earnings conference call or presentation 15-Oct-24 4:00pm GMT

State Street Corp at Barclays Global Financial Services Conference Transcript – 2024-09-09 – US$ 54.00 – Edited Transcript of STT.N presentation 9-Sep-24 3:15pm GMT

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Cite this Report

  
MLA:
Thomson StreetEvents. "State Street Corp Q4 2024 Earnings Call Summary" Jan 17, 2025. Alacra Store. Nov 06, 2026. <http://www.alacrastore.com/thomson-streetevents-transcripts/Q4-2024-State-Street-Corp-Earnings-Call-B16206319>
  
APA:
Thomson StreetEvents. (2025). State Street Corp Q4 2024 Earnings Call Summary Jan 17, 2025. New York, NY: Alacra Store. Retrieved Nov 06, 2026 from <http://www.alacrastore.com/thomson-streetevents-transcripts/Q4-2024-State-Street-Corp-Earnings-Call-B16206319>
  
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