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State Street STT Brokerage, clearing and exchange fees

Brokerage, clearing and exchange fees at other companies

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Morgan StanleyMS
$1.26B+2.8%

Segments

By segment

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Investment Servicing$230M+6.5%
Investment Management$53M+26.2%

Other financials

Income statement

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Revenue$3.8B+15.6%
Net income$764.0M+18.6%
EPS (diluted)$2.49+22.1%

Balance sheet

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Cash & equivalents$6.5B+39.9%
Total debt$25.2B+1.6%
Total equity$27.7B+3.9%
Total assets$392.17B+5.2%

Cash flow

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Operating cash flow-$12.1B-607%
CapEx$270.0M+19.5%
Free cash flow-$12.4B-672%

Valuation

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Market cap$46.53B+58.6%
Enterprise value$65.24B+27.3%
P/E15.2×+4.9×
P/S3.2×+1.0×

Profitability

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Net margin21.2%-0.6pp
FCF margin-25.9%

Returns & leverage

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Return on equity11.3%0.0pp
Debt / equity0.9×0.0×

Questions, answered.

What does brokerage, clearing and exchange fees mean?
Direct costs incurred for the execution, clearing, and settlement of financial transactions on behalf of clients. These expenses are typically variable and scale with transaction volume.