State Street Corporation

What does State Street own?
State Street operates its core banking and custody business under the State Street brand, its investment management division as State Street Global Advisors (SSGA), and its ETF franchise as SPDR ETFs. The SPDR franchise includes the SPDR S&P 500 ETF (SPY), one of the largest ETFs globally. State Street does not own separate consumer-facing brands outside these financial services brands.

Is State Street 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.

Who owns State Street?
State Street Corporation is owned by its public shareholders through NYSE trading. The company has no controlling shareholder or parent company. Major institutional shareholders include Vanguard Group, BlackRock, and other major index fund managers.

Who founded State Street?
State Street was originally established by the Massachusetts legislature in 1792 as a state-chartered bank in Boston. The company evolved through various leadership teams and corporate structures over its 230-year history.

Where is State Street headquartered?
State Street is headquartered in Boston, Massachusetts, USA.

What is State Street's revenue?
For full-year 2025, State Street reported total revenue of approximately $14 billion, up 7% year over year. In Q2 2026, total revenue was $4.0 billion, up 17% year over year.

Who is the CEO of State Street?
Ron O'Hanley is the Chairman and CEO of State Street Corporation, having joined the company in 2019.

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. It is one of the oldest banks in the United States.

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.

In 2019, Ron O'Hanley became Chairman and CEO, succeeding Jay Hooley. O'Hanley launched a strategic transformation focused on technology investment, operational efficiency, and revenue growth. The company has invested in data and analytics capabilities, digital platforms, and automation to improve client service and reduce costs.

In recent years, State Street has benefited from rising interest rates, which increased net interest income on client deposits, and from growth in fee revenue from investment servicing and management. The company has also expanded through strategic acquisitions, including the acquisition of Brown Brothers Harriman's Investor Services business in 2023, which strengthened its custody and fund administration capabilities.

For full-year 2025, State Street reported total revenue of approximately $14 billion, up 7% year over year. Q4 2025 revenue was $3.7 billion, with diluted EPS of $2.42. AUC/A reached $53.8 trillion (up 16% year over year) and AUM reached $5.7 trillion (up 20% year over year) at year-end 2025.

In Q2 2026, State Street continued its strong performance, reporting total revenue of $4.0 billion (up 17% year over year) and diluted EPS of $3.65 (up 68% year over year). AUC/A reached $57.9 trillion and AUM reached $6.3 trillion, driven by market appreciation, new business wins, and the BBH Investor Services acquisition.

State Street Corporation publishes comprehensive sustainability information through its annual sustainability report and ESG disclosures. The company has set environmental and social goals and reports on its progress annually.

State Street is not a Certified B Corporation. The company does not hold B Corp certification.

State Street has committed to achieving net-zero greenhouse gas emissions across its operations and supply chain by 2050, with interim targets for 2030. The company has invested in renewable energy and energy efficiency in its facilities and data centers. State Street has also committed to sustainable finance initiatives through SSGA, offering ESG-focused investment products and engaging with portfolio companies on climate risk and diversity.

SSGA's Asset Stewardship team engages with portfolio companies on corporate governance, environmental, and social issues. The team votes proxies on behalf of SSGA's index fund clients and publishes annual stewardship reports detailing voting records and engagement activities.

State Street's social initiatives include the State Street Foundation, which supports education and workforce development programs in communities where the company operates. The foundation has committed significant funding to programs addressing college access, career readiness, and economic opportunity.

The company has also focused on diversity and inclusion, setting goals for increasing representation of women and underrepresented groups in its workforce and leadership ranks. State Street publishes annual diversity reports and has tied executive compensation to diversity metrics.