State Street Corp. Reports Operating Results (10-Q)

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Nov 05, 2010
State Street Corp. (STT, Financial) filed Quarterly Report for the period ended 2010-09-30.

State Street Corp. has a market cap of $22.13 billion; its shares were traded at around $43.95 with a P/E ratio of 12.4 and P/S ratio of 2.3. The dividend yield of State Street Corp. stocks is 0.1%. State Street Corp. had an annual average earning growth of 3.4% over the past 10 years.STT is in the portfolios of Todd Combs of Castle Point Capital Management, LLC, Richard Pzena of Pzena Investment Management LLC, Bill Nygren of Oak Mark Fund, James Barrow of Barrow, Hanley, Mewhinney & Strauss, RS Investment Management, John Paulson of Paulson & Co., Pioneer Investments, Westport Asset Management, Jim Simons of Renaissance Technologies LLC, Tom Gayner of Markel Gayner Asset Management Corp, Bruce Kovner of Caxton Associates, Steven Cohen of SAC Capital Advisors, Murray Stahl of Horizon Asset Management, Mario Gabelli of GAMCO Investors, Manning & Napier Advisors, Inc, Jeremy Grantham of GMO LLC, Diamond Hill Capital of Diamond Hill Capital Management Inc, Chuck Royce of Royce& Associates, Dodge & Cox.

Highlight of Business Operations:

State Street Corporation is a financial holding company headquartered in Boston, Massachusetts. Through its subsidiaries, including its principal banking subsidiary, State Street Bank and Trust Company, referred to as State Street Bank, State Street Corporation provides a full range of products and services to meet the needs of institutional investors worldwide. Unless otherwise indicated or unless the context requires otherwise, all references in this Managements Discussion and Analysis to State Street, we, us, our or similar terms mean State Street Corporation and its subsidiaries on a consolidated basis. All references in this Form 10-Q to the parent company are to State Street Corporation. At September 30, 2010, we had consolidated total assets of $172.96 billion, consolidated total deposits of $105.03 billion, consolidated total shareholders equity of $17.57 billion and employed 28,940.

Our customers include mutual funds, collective investment funds and other investment pools, corporate and public retirement plans, insurance companies, foundations, endowments and investment managers. Our two lines of business, Investment Servicing and Investment Management, provide products and services including custody, recordkeeping, daily pricing and administration, shareholder services, foreign exchange, brokerage and other trading services, securities finance, deposit and short-term investment facilities, loan and lease financing, investment manager and alternative investment operations outsourcing, performance, risk and compliance analytics, investment research services and investment management, including passive and active U.S. and non-U.S. equity and fixed-income strategies. We had $20.23 trillion of assets under custody and administration and $1.90 trillion of assets under management at September 30, 2010. Information about these assets, and financial information about our business lines, is provided in the Consolidated Results of OperationsTotal Revenue and Line of Business Information sections of this Managements Discussion and Analysis.

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