Subtext

State Street Corporation STT

SectorFinancials
Transcripts71
Date range2007-07-17 – 2025-04-17
Calls charted70

Sentiment timeline

Net Loughran-McDonald sentiment per call (×1000), earliest → latest.

-18-9+0+9+182007 Q32009 Q42012 Q22014 Q32016 Q42019 Q12021 Q22023 Q32007 Q3 · Overall: +2.32007 Q4 · Overall: +2.02008 Q1 · Overall: -7.62008 Q2 · Overall: +0.22008 Q3 · Overall: -4.52008 Q4 · Overall: -4.82009 Q1 · Overall: -1.42009 Q2 · Overall: -0.22009 Q3 · Overall: -2.52009 Q4 · Overall: +0.82010 Q1 · Overall: +2.22010 Q3 · Overall: +0.42010 Q4 · Overall: +6.62011 Q1 · Overall: +4.32011 Q2 · Overall: +3.32011 Q3 · Overall: +0.52011 Q4 · Overall: -1.22012 Q1 · Overall: +1.62012 Q2 · Overall: -0.62012 Q3 · Overall: +0.42012 Q4 · Overall: +4.72013 Q1 · Overall: +8.92013 Q2 · Overall: +4.72013 Q3 · Overall: +3.52013 Q4 · Overall: +2.52014 Q1 · Overall: +3.62014 Q2 · Overall: +2.92014 Q3 · Overall: +2.32014 Q4 · Overall: +2.72015 Q1 · Overall: +3.92015 Q2 · Overall: +3.52015 Q3 · Overall: -0.62015 Q4 · Overall: -0.12016 Q1 · Overall: +6.32016 Q2 · Overall: +11.02016 Q3 · Overall: +8.92016 Q4 · Overall: +3.02017 Q1 · Overall: +7.22017 Q2 · Overall: +8.72017 Q3 · Overall: +5.32017 Q4 · Overall: +5.62018 Q1 · Overall: +9.22018 Q2 · Overall: +7.62018 Q3 · Overall: +3.52018 Q4 · Overall: +2.42019 Q1 · Overall: +5.62019 Q2 · Overall: +6.02019 Q3 · Overall: +8.02019 Q4 · Overall: +4.92020 Q1 · Overall: +0.62020 Q2 · Overall: +8.62020 Q3 · Overall: +5.12020 Q4 · Overall: +8.62021 Q1 · Overall: +5.32021 Q2 · Overall: +9.42021 Q3 · Overall: +11.62021 Q4 · Overall: +11.72022 Q1 · Overall: +3.12022 Q2 · Overall: +2.32022 Q3 · Overall: +3.22022 Q4 · Overall: +6.82023 Q1 · Overall: +4.02023 Q2 · Overall: +4.82023 Q3 · Overall: +7.12023 Q4 · Overall: +6.72024 Q1 · Overall: +9.32024 Q2 · Overall: +8.52024 Q3 · Overall: +16.02024 Q4 · Overall: +5.42025 Q1 · Overall: +6.9
Overall

CEO vs CFO

Average sentiment of each executive's remarks per call. Divergence is a signal.

-31-15+0+15+312007 Q32009 Q42012 Q22014 Q32016 Q42019 Q12021 Q22023 Q32007 Q3 · CEO: +5.62007 Q4 · CEO: +11.62008 Q1 · CEO: +4.22008 Q2 · CEO: +16.92008 Q3 · CEO: +4.32008 Q4 · CEO: +0.92009 Q1 · CEO: +9.22009 Q2 · CEO: +6.52009 Q3 · CEO: +2.52009 Q4 · CEO: +2.92010 Q1 · CEO: +2.62010 Q3 · CEO: +7.32010 Q4 · CEO: +16.02011 Q1 · CEO: +12.32011 Q2 · CEO: +7.62011 Q3 · CEO: +3.02011 Q4 · CEO: +3.52012 Q1 · CEO: +5.72012 Q2 · CEO: +3.22012 Q3 · CEO: +5.22012 Q4 · CEO: +10.92013 Q1 · CEO: +20.32013 Q2 · CEO: +8.92013 Q3 · CEO: +10.62013 Q4 · CEO: +6.22014 Q1 · CEO: +3.42014 Q2 · CEO: +8.92014 Q3 · CEO: +4.22014 Q4 · CEO: +6.92015 Q1 · CEO: +2.32015 Q2 · CEO: +2.92015 Q3 · CEO: +0.02015 Q4 · CEO: +6.12016 Q1 · CEO: +11.72016 Q2 · CEO: +17.02016 Q3 · CEO: +13.92016 Q4 · CEO: +15.32017 Q1 · CEO: +21.52017 Q2 · CEO: +16.42017 Q3 · CEO: +13.82017 Q4 · CEO: +8.72018 Q1 · CEO: +13.72018 Q2 · CEO: +15.62018 Q3 · CEO: +11.52018 Q4 · CEO: +11.32019 Q1 · CEO: +13.52019 Q2 · CEO: +12.42019 Q4 · CEO: +12.12020 Q1 · CEO: +3.12020 Q2 · CEO: +11.92020 Q3 · CEO: +13.42020 Q4 · CEO: +16.42021 Q1 · CEO: +13.42021 Q2 · CEO: +12.42021 Q3 · CEO: +17.82021 Q4 · CEO: +26.62022 Q1 · CEO: +3.32022 Q2 · CEO: +3.82022 Q3 · CEO: +3.82022 Q4 · CEO: +14.72023 Q1 · CEO: +7.12023 Q3 · CEO: +21.12023 Q4 · CEO: +17.02024 Q1 · CEO: +23.02024 Q2 · CEO: +10.62024 Q3 · CEO: +24.22025 Q1 · CEO: +9.92007 Q3 · CFO: +0.92007 Q4 · CFO: -0.22008 Q1 · CFO: -10.52008 Q2 · CFO: -5.02008 Q3 · CFO: -11.02008 Q4 · CFO: -8.02009 Q1 · CFO: -8.02009 Q2 · CFO: -0.82009 Q3 · CFO: -0.52009 Q4 · CFO: -0.62010 Q1 · CFO: +2.92010 Q3 · CFO: -4.02010 Q4 · CFO: +2.12011 Q1 · CFO: +5.52011 Q2 · CFO: +4.92011 Q3 · CFO: -0.22011 Q4 · CFO: -4.72012 Q1 · CFO: -0.32012 Q2 · CFO: -1.22012 Q3 · CFO: -2.22012 Q4 · CFO: +4.02013 Q1 · CFO: +8.12013 Q2 · CFO: +3.62013 Q3 · CFO: +3.32013 Q4 · CFO: +5.72014 Q1 · CFO: +7.62014 Q2 · CFO: +1.82014 Q3 · CFO: +1.82014 Q4 · CFO: +5.32015 Q1 · CFO: +10.82015 Q2 · CFO: +7.92015 Q4 · CFO: +0.52016 Q1 · CFO: +6.32016 Q3 · CFO: +8.52016 Q4 · CFO: +2.02017 Q1 · CFO: +6.22017 Q2 · CFO: +9.92017 Q3 · CFO: +6.62017 Q4 · CFO: +11.12018 Q1 · CFO: +11.12018 Q2 · CFO: +10.42018 Q3 · CFO: +3.72018 Q4 · CFO: +2.22019 Q1 · CFO: +4.22019 Q2 · CFO: +6.12019 Q3 · CFO: +6.32019 Q4 · CFO: +0.62020 Q1 · CFO: +0.42020 Q2 · CFO: +8.52020 Q3 · CFO: +2.32020 Q4 · CFO: +6.62021 Q1 · CFO: +6.02021 Q2 · CFO: +9.32021 Q3 · CFO: +12.52021 Q4 · CFO: +7.22022 Q1 · CFO: +8.12022 Q2 · CFO: +3.02022 Q3 · CFO: +5.42022 Q4 · CFO: +5.82023 Q1 · CFO: +5.32023 Q2 · CFO: +5.42023 Q3 · CFO: +5.72023 Q4 · CFO: +5.02024 Q1 · CFO: +4.82024 Q2 · CFO: +9.32024 Q3 · CFO: +15.42024 Q4 · CFO: +6.12025 Q1 · CFO: +9.7
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-33-17+0+17+332007 Q32009 Q42012 Q22014 Q32016 Q42019 Q12021 Q22023 Q32007 Q3 · Prepared remarks: +3.62007 Q4 · Prepared remarks: +4.92008 Q1 · Prepared remarks: -2.02008 Q2 · Prepared remarks: +5.52008 Q3 · Prepared remarks: -7.42008 Q4 · Prepared remarks: -3.12009 Q1 · Prepared remarks: -2.12009 Q2 · Prepared remarks: +5.22009 Q3 · Prepared remarks: -0.32009 Q4 · Prepared remarks: +5.02010 Q1 · Prepared remarks: +1.52010 Q3 · Prepared remarks: +1.22010 Q4 · Prepared remarks: +8.62011 Q1 · Prepared remarks: +11.32011 Q2 · Prepared remarks: +7.72011 Q3 · Prepared remarks: +5.22011 Q4 · Prepared remarks: -1.92012 Q1 · Prepared remarks: +3.72012 Q2 · Prepared remarks: +0.92012 Q3 · Prepared remarks: +1.42012 Q4 · Prepared remarks: +7.92013 Q1 · Prepared remarks: +14.22013 Q2 · Prepared remarks: +11.02013 Q3 · Prepared remarks: +9.52013 Q4 · Prepared remarks: +11.72014 Q1 · Prepared remarks: +11.12014 Q2 · Prepared remarks: +7.22014 Q3 · Prepared remarks: +5.12014 Q4 · Prepared remarks: +6.92015 Q1 · Prepared remarks: +4.92015 Q2 · Prepared remarks: +4.62015 Q3 · Prepared remarks: -3.52015 Q4 · Prepared remarks: +7.92016 Q1 · Prepared remarks: +14.82016 Q2 · Prepared remarks: +15.72016 Q3 · Prepared remarks: +20.02016 Q4 · Prepared remarks: +14.42017 Q1 · Prepared remarks: +26.12017 Q2 · Prepared remarks: +22.22017 Q3 · Prepared remarks: +16.72017 Q4 · Prepared remarks: +26.02018 Q1 · Prepared remarks: +20.92018 Q2 · Prepared remarks: +21.12018 Q3 · Prepared remarks: +14.92018 Q4 · Prepared remarks: +6.52019 Q1 · Prepared remarks: +10.52019 Q2 · Prepared remarks: +10.92019 Q3 · Prepared remarks: +15.62019 Q4 · Prepared remarks: +11.82020 Q1 · Prepared remarks: +3.72020 Q2 · Prepared remarks: +14.02020 Q3 · Prepared remarks: +19.22020 Q4 · Prepared remarks: +12.22021 Q1 · Prepared remarks: +12.72021 Q2 · Prepared remarks: +17.82021 Q3 · Prepared remarks: +18.12021 Q4 · Prepared remarks: +21.32022 Q1 · Prepared remarks: +9.22022 Q2 · Prepared remarks: +6.62022 Q3 · Prepared remarks: +2.92022 Q4 · Prepared remarks: +12.52023 Q1 · Prepared remarks: +3.52023 Q2 · Prepared remarks: +8.72023 Q3 · Prepared remarks: +11.12023 Q4 · Prepared remarks: +14.72024 Q1 · Prepared remarks: +12.62024 Q2 · Prepared remarks: +18.82024 Q3 · Prepared remarks: +28.92024 Q4 · Prepared remarks: -3.82025 Q1 · Prepared remarks: +18.42007 Q3 · Q&A responses: +1.32007 Q4 · Q&A responses: -1.82008 Q1 · Q&A responses: -15.02008 Q2 · Q&A responses: -3.52008 Q3 · Q&A responses: +0.62008 Q4 · Q&A responses: -4.42009 Q1 · Q&A responses: +6.32009 Q2 · Q&A responses: -0.92009 Q3 · Q&A responses: +1.42009 Q4 · Q&A responses: +1.32010 Q1 · Q&A responses: +4.52010 Q3 · Q&A responses: +2.32010 Q4 · Q&A responses: +8.22011 Q1 · Q&A responses: +6.22011 Q2 · Q&A responses: +4.92011 Q3 · Q&A responses: -5.32011 Q4 · Q&A responses: +0.22012 Q1 · Q&A responses: +1.42012 Q2 · Q&A responses: -1.52012 Q3 · Q&A responses: +1.72012 Q4 · Q&A responses: +5.12013 Q1 · Q&A responses: +11.22013 Q2 · Q&A responses: +2.82013 Q3 · Q&A responses: +2.22013 Q4 · Q&A responses: +1.42014 Q1 · Q&A responses: +4.02014 Q2 · Q&A responses: +3.22014 Q3 · Q&A responses: +1.82014 Q4 · Q&A responses: +5.02015 Q1 · Q&A responses: +6.52015 Q2 · Q&A responses: +6.52015 Q3 · Q&A responses: +0.92015 Q4 · Q&A responses: +0.02016 Q1 · Q&A responses: +5.52016 Q2 · Q&A responses: +11.02016 Q3 · Q&A responses: +8.42016 Q4 · Q&A responses: +2.32017 Q1 · Q&A responses: +1.52017 Q2 · Q&A responses: +5.02017 Q3 · Q&A responses: +5.32017 Q4 · Q&A responses: +9.72018 Q1 · Q&A responses: +8.12018 Q2 · Q&A responses: +6.12018 Q3 · Q&A responses: +4.22018 Q4 · Q&A responses: +3.12019 Q1 · Q&A responses: +5.22019 Q2 · Q&A responses: +6.72019 Q3 · Q&A responses: +8.72019 Q4 · Q&A responses: +2.62020 Q1 · Q&A responses: +0.42020 Q2 · Q&A responses: +7.72020 Q3 · Q&A responses: +0.52020 Q4 · Q&A responses: +5.72021 Q1 · Q&A responses: +4.92021 Q2 · Q&A responses: +6.22021 Q3 · Q&A responses: +11.92021 Q4 · Q&A responses: +5.22022 Q1 · Q&A responses: +3.32022 Q2 · Q&A responses: +0.02022 Q3 · Q&A responses: +3.62022 Q4 · Q&A responses: +4.82023 Q1 · Q&A responses: +7.32023 Q2 · Q&A responses: +2.62023 Q3 · Q&A responses: +7.92023 Q4 · Q&A responses: +5.32024 Q1 · Q&A responses: +7.42024 Q2 · Q&A responses: +2.32024 Q3 · Q&A responses: +8.92024 Q4 · Q&A responses: +6.72025 Q1 · Q&A responses: +3.7
Prepared remarksQ&A responses

Tone vs forward expectations

Management tone next to Wall Street's forward-looking numbers (glopardo): the 12-month forward EPS estimate and the forward P/E per call.

Forward EPS estimate

$4.56$7.18$9.802007 Q32009 Q42012 Q22014 Q32016 Q42019 Q12021 Q22023 Q32014 Q1: $5.162014 Q2: $5.122014 Q3: $5.222014 Q4: $5.362015 Q1: $5.342015 Q2: $5.552015 Q3: $5.562015 Q4: $5.292016 Q1: $4.922016 Q2: $5.092016 Q3: $5.412016 Q4: $5.772017 Q1: $5.982017 Q2: $6.312017 Q3: $6.722017 Q4: $6.972018 Q1: $7.862018 Q2: $8.112018 Q3: $8.062018 Q4: $7.462019 Q1: $6.962019 Q2: $6.502019 Q3: $6.092019 Q4: $6.452020 Q1: $6.652020 Q2: $5.782020 Q3: $6.342020 Q4: $6.522021 Q1: $7.122021 Q2: $7.542021 Q3: $8.072021 Q4: $8.512022 Q1: $8.892022 Q2: $8.612022 Q3: $8.272022 Q4: $8.352023 Q1: $8.882023 Q2: $8.242023 Q3: $7.502023 Q4: $7.552024 Q1: $7.952024 Q2: $8.372024 Q3: $8.862024 Q4: $9.44

Forward P/E

6.2010.5714.942007 Q32009 Q42012 Q22014 Q32016 Q42019 Q12021 Q22023 Q32014 Q1: 12.812014 Q2: 13.252014 Q3: 14.342014 Q4: 14.342015 Q1: 14.062015 Q2: 14.312015 Q3: 12.972015 Q4: 12.972016 Q1: 11.552016 Q2: 11.372016 Q3: 12.842016 Q4: 13.762017 Q1: 13.332017 Q2: 14.072017 Q3: 14.032017 Q4: 14.232018 Q1: 13.452018 Q2: 12.132018 Q3: 10.902018 Q4: 8.032019 Q1: 10.042019 Q2: 8.422019 Q3: 9.932019 Q4: 12.402020 Q1: 6.802020 Q2: 10.942020 Q3: 9.982020 Q4: 10.922021 Q1: 11.902021 Q2: 11.572021 Q3: 10.902021 Q4: 10.792022 Q1: 9.842022 Q2: 7.432022 Q3: 8.642022 Q4: 9.572023 Q1: 8.302023 Q2: 8.882023 Q3: 9.492023 Q4: 10.152024 Q1: 9.172024 Q2: 8.652024 Q3: 9.832024 Q4: 10.04

Divergence watch ⚑

Quarters where tone and the forward EPS estimate moved opposite ways.

  • 2016 Q1 tone ↑ +6.4 fwd EPS ↓ -0.37 Tone rose while the forward EPS estimate was cut.
  • 2016 Q3 tone ↓ -2.1 fwd EPS ↑ +0.31 Tone cooled even as the forward EPS estimate rose.
  • 2016 Q4 tone ↓ -5.9 fwd EPS ↑ +0.36 Tone cooled even as the forward EPS estimate rose.
  • 2017 Q3 tone ↓ -3.4 fwd EPS ↑ +0.41 Tone cooled even as the forward EPS estimate rose.
  • 2019 Q1 tone ↑ +3.2 fwd EPS ↓ -0.50 Tone rose while the forward EPS estimate was cut.
  • 2019 Q3 tone ↑ +2.0 fwd EPS ↓ -0.41 Tone rose while the forward EPS estimate was cut.
  • 2019 Q4 tone ↓ -3.1 fwd EPS ↑ +0.36 Tone cooled even as the forward EPS estimate rose.
  • 2020 Q1 tone ↓ -4.4 fwd EPS ↑ +0.20 Tone cooled even as the forward EPS estimate rose.
  • 2020 Q2 tone ↑ +8.1 fwd EPS ↓ -0.87 Tone rose while the forward EPS estimate was cut.
  • 2020 Q3 tone ↓ -3.5 fwd EPS ↑ +0.56 Tone cooled even as the forward EPS estimate rose.
  • 2021 Q1 tone ↓ -3.3 fwd EPS ↑ +0.60 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q1 tone ↓ -8.6 fwd EPS ↑ +0.38 Tone cooled even as the forward EPS estimate rose.
  • 2023 Q1 tone ↓ -2.8 fwd EPS ↑ +0.53 Tone cooled even as the forward EPS estimate rose.
  • 2023 Q3 tone ↑ +2.2 fwd EPS ↓ -0.74 Tone rose while the forward EPS estimate was cut.
  • 2024 Q4 tone ↓ -10.6 fwd EPS ↑ +0.58 Tone cooled even as the forward EPS estimate rose.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q12025-04-17+6.9——View →
2024 Q42025-01-22+5.4$9.4410.0View →
2024 Q32024-10-15+16.0$8.869.8View →
2024 Q22024-07-16+8.5$8.378.7View →
2024 Q12024-04-12+9.3$7.959.2View →
2023 Q42024-01-19+6.7$7.5510.2View →
2023 Q32023-10-18+7.1$7.509.5View →
2023 Q22023-07-14+4.8$8.248.9View →