State Street Corporation
American financial services and bank holding company providing investment management, custody, and servicing to institutional investors, one of the oldest banks in the United States.
Company Type
public
Founded
1792
Headquarters
Boston, Massachusetts, USA
Stock
NYSE: STT
About State Street Corporation
State Street Corporation operates as a leading financial services company providing investment management, custody, and servicing to institutional investors worldwide. The company's business model centers on providing the infrastructure and services that support global investment markets.
The company's primary services include custody and administration of investment assets, fund accounting, transfer agency services, and securities lending. State Street also operates State Street Global Advisors, its investment management division that offers index funds, ETFs, and active management strategies.
State Street employs approximately 39,000 people globally, with major operations in Boston, New York, London, Dublin, Singapore, and other financial centers. The company serves institutional clients including pension funds, sovereign wealth funds, insurance companies, and asset managers in over 100 countries.
History of State Street Corporation
State Street Corporation traces its origins to 1792 when it was established as a state-chartered bank in Boston, Massachusetts. The bank was created by the Massachusetts legislature to provide financial services to the growing commercial interests in Boston and New England.
Throughout the 19th century, State Street Bank grew alongside Boston's development as a major commercial center. The bank provided services to shipping companies, merchants, and emerging industries, establishing a reputation for stability and conservative banking practices.
In the 20th century, State Street began expanding beyond traditional banking into investment servicing and custody services. The company pioneered many innovations in securities processing and became a major provider of custody services to institutional investors.
The modern State Street Corporation was formed in 1970 when State Street Bank and Trust Company reorganized as a bank holding company. The company went public in 1983, listing on the New York Stock Exchange under the ticker STT.
Major acquisitions in the 1990s and 2000s expanded State Street's global footprint, including the acquisition of Deutsche Bank's global securities services business (1999) and the investor services business of Investors Bank & Trust (2003). The company also launched SPDR ETFs, including the iconic SPDR S&P 500 ETF (SPY), which became one of the largest ETFs globally.
Brands Owned by State Street Corporation
State Street Corporation owns 0 brands in our database.
Stock Information
State Street Corporation Ownership: Pros & Cons
Advantages
- +Over 230 years of operating history and institutional stability
- +Market leadership in custody and securities servicing
- +Major ETF franchise through SPDR products
- +Global scale with operations in major financial markets worldwide
- +Diversified revenue streams from multiple financial services
Considerations
- -Intense competition from BlackRock, BNY Mellon, and other custodians
- -Regulatory pressure and compliance costs in banking and investment services
- -Technology investment requirements to maintain competitive infrastructure
- -Market dependency on asset values and investment flows
- -Interest rate sensitivity affecting banking operations
Frequently Asked Questions About State Street Corporation
Is State Street Corporation owned by another company?
No, State Street Corporation is an independent, publicly traded company with no parent organization. The company was originally established as a state-chartered bank in 1792 and has maintained its independence throughout its evolution into a modern financial services corporation.
Is State Street Corporation publicly traded?
Yes, State Street Corporation is publicly traded on the New York Stock Exchange under the ticker symbol STT. The company has been publicly traded since 1983 and is owned by institutional investors, mutual funds, and individual shareholders worldwide.
When was State Street Corporation founded?
State Street Corporation traces its origins to 1792 when it was established as a state-chartered bank in Boston, Massachusetts. The modern corporation was formed in 1970 when the bank reorganized as a bank holding company, and it went public in 1983.
Who founded State Street Corporation?
State Street Corporation was originally established by the Massachusetts legislature in 1792 as a state-chartered bank. The company evolved through various leadership teams and corporate structures over its 230-year history, rather than being founded by individuals in the modern sense.
What is State Street Corporation's market position?
State Street Corporation is one of the world's largest custody banks and financial services companies. For full-year 2025, State Street reported total revenue of $14 billion, up 7% year-over-year, with Q4 2025 revenue of $3.7 billion and Q4 EPS of $2.97. Assets under custody and administration (AUC/A) increased 11% to $46.56 trillion. The company is a market leader in securities servicing, fund administration, and operates one of the largest ETF franchises through SPDR ETFs. State Street serves institutional investors globally and competes with other major custody banks including BNY Mellon, JP Morgan, and Northern Trust.
Jobs at State Street Corporation
Latest News About State Street Corporation
Related Articles About State Street Corporation
View more articles
News & Updates
Monthly M&A Roundup: February 2026 Brand Ownership Changes
From Keurig Dr Pepper's planned split to the Netflix-WBD saga, here is every major brand ownership change and deal in February 2026.
Who Brands StaffFeb 12, 2026
m-and-a-roundupacquisitionsnews
Industry Analysis
The Most Acquired Categories: Tech vs CPG vs Pharma
Which industries see the most brand acquisitions? We compared technology, consumer goods, and pharmaceuticals to find out where the most M&A activity happens and why.
Who Brands StaffFeb 11, 2026
acquisitionsindustry-analysistechnology
Consumer Education
The Truth About 'Made in America' Brand Claims
Many brands market themselves as American-made. But what does that actually mean when the parent company is foreign, the parts come from overseas, and 'assembled in USA' is not the same as 'made in USA'?
Who Brands StaffFeb 11, 2026
made-in-americaconsumer-educationbrand-claims