State Street (State Street) Credit Losses Provision

: $29.00 Mil (As of Dec. 2023)

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State Street's credit losses provision for the three months ended in Dec. 2023 was $20.00 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Dec. 2023 was $29.00 Mil.

State Street's quarterly credit losses provision increased from Jun. 2023 ($-18.00 Mil) to Sep. 2023 ($0.00 Mil) and increased from Sep. 2023 ($0.00 Mil) to Dec. 2023 ($20.00 Mil).

State Street's annual credit losses provision increased from Dec. 2021 ($-33.00 Mil) to Dec. 2022 ($20.00 Mil) and increased from Dec. 2022 ($20.00 Mil) to Dec. 2023 ($46.00 Mil).

State Street Credit Losses Provision Historical Data

The historical data trend for State Street's Credit Losses Provision can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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State Street Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Credit Losses Provision

10.00

88.00

-33.00

20.00

46.00

State Street Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Credit Losses Provision																44.00	-18.00	-	20.00	27.00

State Street Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $29.00 Mil.

State Street (State Street) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » State Street Corporation (NYSE:STTpG.PFD) » Definitions » Credit Losses Provision

Comparable Companies

Traded in Other Exchanges

STTpD.PFD:USA STT:USA STT:Mexico ZYA:Germany S1TT34:Brazil STT:Austria

Address

One Lincoln Street, Boston, MA, USA, 02111

Website

https://www.statestreet.com

State Street is a leading provider of financial services, including investment servicing, investment management, and investment research and trading. With approximately $42 trillion in assets under custody and administration and $4.1 trillion assets under management as of Dec. 31, 2023, State Street operates globally in more than 100 geographic markets and employs more than 46,000 worldwide.