State Street Corporation Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
October 18, 2022 at 05:01 pm IST
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State Street Corporation reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported net interest income was USD 660 million compared to USD 487 million a year ago. Net income was USD 690 million compared to USD 714 million a year ago. Basic earnings per share from continuing operations was USD 1.82 compared to USD 1.99 a year ago. Diluted earnings per share from continuing operations was USD 1.8 compared to USD 1.96 a year ago.
For the nine months, net interest income was USD 1,753 million compared to USD 1,421 million a year ago. Net income was USD 2,041 million compared to USD 1,996 million a year ago. Basic earnings per share from continuing operations was USD 5.35 compared to USD 5.49 a year ago. Diluted earnings per share from continuing operations was USD 5.28 compared to USD 5.4 a year ago.
State Street Corporation is a financial holding company organized around 2 areas of activity:
- investment services (83.1% of net sales): services intended mainly to mutual funds, collective investment funds, corporate and public retirement plans, insurance companies and foundations. The group provides services including custody, daily pricing, record keeping and administration, shareholder services, foreign exchange, brokerage and other trading services, securities finance, loan and lease financing, investment manager and hedge fund manager operations outsourcing, performance, risk and compliance analytics;
- investment management (16.9%). State Street Corporation offers, primarily to institutional investors, investment management and investment research services for managing financial assets, including passive and active United States and non-United States equity and fixed-income.
The United States accounts for 55.1% of net sales.
STATE STREET CORPORATION 
