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Money Center Banks

**Money Center Banks with Stock Symbol STI in USA Stock Exchange**

**Company Name:** State Street Corporation

**Ticker Symbol:** STI

**Industry:** Financial Services

**Business Description:** State Street Corporation is a leading provider of financial services to institutional investors, including investment servicing, investment management, and research and trading.

**Key Financial Metrics:**

* **Market Capitalization:** $36.4 billion (as of March 8, 2023)

* **Revenue:** $11.4 billion (2022)

* **Net Income:** $2.9 billion (2022)

* **Earnings Per Share (EPS):** $10.68 (2022)

* **Dividend Yield:** 2.6%

**Growth and Earnings:**

* **Revenue Growth:** 10.5% (2022)

* **EPS Growth:** 12.2% (2022)

* **Estimated EPS Growth (2023):** 7.0%

**Other Key Points:**

* **Assets Under Custody and Administration (AUC/A):** $44.2 trillion (as of December 31, 2022)

* **Global Presence:** Operates in over 30 countries

* **Focus on Technology:** Invests heavily in technology to enhance its services and efficiency

* **Strong Balance Sheet:** Maintains a strong capital position with a Tier 1 capital ratio of 14.6% (as of December 31, 2022)

**Analyst Ratings:**

* **Consensus Rating:** Buy

* **Average Price Target:** $102.50

**Conclusion:**

State Street Corporation is a well-established and financially sound money center bank with a strong track record of growth and earnings. Its focus on technology and global presence position it well for continued success in the financial services industry.