State Street Corporation (NYSE: STT) Reports Second-Quarter 2025 Financial Results
The conference call will be accessible on State Street's Investor Relations website, and by telephone at (+1) 805 309 0220 (Participant Passcode: 1408453#).
Following the conference call, a replay will be available on State Street's Investor Relations website for approximately one month.
About State Street Corporation
State Street Corporation (NYSE: STT) is one of the world's leading providers of financial services to institutional investors including investment servicing, investment management and investment research and trading. With $49.0 trillion in assets under custody and/or administration and $5.1 trillion* in assets under management as of June 30, 2025, State Street operates globally in more than 100 geographic markets and employs approximately 52,000 worldwide. For more information, visit State Street's website at www.statestreet.com.
*Assets under management as of June 30, 2025 includes approximately $116 billion of assets with respect to SPDR® products for which State Street Global Advisors Funds Distributors, LLC (SSGA FD) acts solely as the marketing agent. SSGA FD and State Street Investment Management are affiliated.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
38 minutes ago
- Yahoo
If You Invested $10K In Taiwan Semiconductor Stock 10 Years Ago, How Much Would You Have Now?
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) manufactures, packages, tests, and sells integrated circuits and other semiconductor devices globally. It is set to report its Q3 2025 earnings on Oct. 16. Wall Street analysts expect the company to post EPS of $2.53, up from $1.94 in the prior-year period. According to Benzinga Pro, quarterly revenue is expected to reach $32.38 billion, up from $23.50 billion a year earlier.. Don't Miss: Accredited Investors: Grab Pre-IPO Shares of the AI Company Powering Hasbro, Sephora & MGM— 'Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. If You Bought Taiwan Semiconductor Stock 10 Years Ago The company's stock traded at approximately $22.11 per share 10 years ago. If you had invested $10,000, you could have bought roughly 452 shares. Currently, shares trade at $242.03, meaning your investment's value could have grown to $109,466 from stock price appreciation alone. However, Taiwan Semiconductor also paid dividends during these 10 years. Taiwan Semiconductor's dividend yield is currently 1.35%. Over the last 10 years, it has paid about $17.99 in dividends per share, which means you could have made $8,137 from dividends alone. Summing up $109,466 and $8,137, we end up with the final value of your investment, which is $117,603. This is how much you could have made if you had invested $10,000 in Taiwan Semiconductor stock 10 years ago. This means a total return of 1,076%. In comparison, the S&P 500 total return for the same period is 262.20%. Trending: $100k+ in investable assets? – no cost, no obligation. What Could The Next 10 Years Bring? Taiwan Semiconductor has a consensus rating of "Buy" and a price target of $212.8 based on the ratings of six analysts. The price target implies more than 12% potential downside from the current stock price. The company on July 17 announced its Q2 2025 earnings, posting EPS of $2.47, compared to the consensus estimate of $2.37, and revenues of $30.07 billion, compared to the consensus of $30.04 billion, as reported by Benzinga. "Our business in the second quarter was supported by continued robust AI and HPC-related demand," said CFO Wendell Huang. "Moving into third quarter 2025, we expect our business to be supported by strong demand for our leading-edge process technologies."For Q3 2025, the company sees revenues in the range of $31.8 billion to $33 billion. Check out this article by Benzinga for six analysts' insights on Taiwan Semiconductor. Given the expected downside potential, growth-focused investors may not find Taiwan Semiconductor stock attractive. Additionally, its modest 1.35% dividend yield is unlikely to satisfy income-focused investors. Read Next: If there was a new fund backed by Jeff Bezos offering a ? Image: Shutterstock This article If You Invested $10K In Taiwan Semiconductor Stock 10 Years Ago, How Much Would You Have Now? originally appeared on Se produjo un error al recuperar la información Inicia sesión para acceder a tu portafolio Se produjo un error al recuperar la información Se produjo un error al recuperar la información Se produjo un error al recuperar la información Se produjo un error al recuperar la información
Yahoo
43 minutes ago
- Yahoo
Markel Group reports 2025 second quarter and six-months results
RICHMOND, Va., July 30, 2025 /CNW/ -- Markel Group Inc. (NYSE:MKL) today reported its financial results for the second quarter of 2025. The Company also announced today it filed its Form 10-Q for the quarter ended June 30, 2025 with the Securities and Exchange Commission. "We've made meaningful changes across our business in recent years, all with the goal of consistently compounding your capital," said Tom Gayner, Chief Executive Officer of Markel Group. "Our results included $1.4 billion in operating income through the first half of the year. Also, this quarter, we took another step to simplify the structure of our insurance business by placing reinsurance into run-off. That decision enables the team to focus more clearly on the core underwriting activities where we have distinct strengths." The following table presents the Company's summary financial data, by engine, for the quarters and six months ended June 30, 2025 and Ended June 30, Six Months Ended June 30, (dollars in thousands, except per share amounts) 2025202420252024 Operating revenues:Insurance $ 2,232,067$ 2,148,268$ 4,419,880$ 4,333,986 Investments:Net investment income 228,126220,454463,727437,658 Net investment gains (losses) 580,223(130,017)431,152772,264 Other 14,0649,3579,45430,203 Total Investments 822,41399,794904,3331,240,125 Markel Ventures 1,548,2861,453,7812,677,6582,594,387 Total operating revenues $ 4,602,766$ 3,701,843$ 8,001,871$ 8,168,498 Operating income:Insurance (1) $ 128,412$ 176,925$ 273,448$ 312,750 Investments:Net investment income 228,126220,454463,727437,658 Net investment gains (losses) 580,223(130,017)431,152772,264 Other 14,0649,3579,45430,203 Total Investments 822,41399,794904,3331,240,125 Markel Ventures 207,728177,498310,238281,413 Consolidated segment operating income (2) 1,158,553454,2171,488,0191,834,288 Amortization of acquired intangible assets (51,213)(44,237)(98,155)(88,522) Total operating income $ 1,107,340$ 409,980$ 1,389,864$ 1,745,766 Comprehensive income to shareholders $ 867,511$ 244,356$ 1,215,181$ 1,152,741 Diluted net income per common share $ 49.67$ 18.62$ 61.60$ 94.24 Markel Insurance combined ratio 96.9 %93.8 %96.5 %94.5 % (1) See "Supplemental Financial Information" for the components of our Insurance engine operating income. (2) See "Non-GAAP Financial Measures" for additional information on this non-GAAP measure. Highlights of results from the quarter and six months: The changes in operating revenues and operating income for both the quarter and six months ended June 30, 2025 were largely driven by market value movements within our equity portfolio. Generally accepted accounting principles (GAAP) require that we include unrealized gains and losses on equity securities in net income. This may lead to short-term volatility in revenues and operating income that temporarily obscures our underlying operating performance. Net investment income increased 3% and 6% for the quarter and six months ended June 30, 2025, respectively, reflecting a higher yield and higher average holdings of fixed maturity securities in 2025. Markel Ventures operating revenues and operating income for the quarter and six months ended June 30, 2025 increased, reflecting contributions from the acquisitions of Valor and EPI, as well as improved performance at our construction services businesses. The increase in Markel Insurance's combined ratio for the quarter ended June 30, 2025 was primarily driven by adverse development in 2025 on our run-off risk-managed directors and officers product lines and on the Global Reinsurance division, which we announced is being placed into run-off. This adverse development in the second quarter of 2025 resulted in less overall net favorable development on prior accident years loss reserves in the second quarter of 2025 compared to the second quarter of 2024. Underwriting results for the first half of 2025 included $60.9 million of net losses and loss adjustment expenses, or one-and-a-half points on the Markel Insurance combined ratio, attributed to the January 2025 wildfires in southern California (California Wildfires) compared to no catastrophe losses in the first half of 2024. Excluding losses attributed to the California Wildfires, the Markel Insurance combined ratio in the first half of 2025 was consistent with the same period of 2024. We believe our financial performance is most meaningfully measured over longer periods of time, which tends to mitigate the effects of short-term volatility and also aligns with the long-term perspective we apply to operating our businesses and making investment decisions. The following table presents a long-term view of our Months Ended June 30, Years Ended December 31, (dollars in thousands) 20252024202320222021 Operating income (loss):Insurance (1) $ 273,448$ 601,002$ 348,145$ 928,709$ 718,800 Investments (2) 904,3332,772,9502,241,419(1,167,548)2,353,124 Markel Ventures 310,238520,082519,878404,281330,120 Consolidated segment operating income (3) 1,488,0193,894,0343,109,442165,4423,402,044 Amortization and impairment (98,155)(181,472)(180,614)(258,778)(160,539) Total operating income (loss) $ 1,389,864$ 3,712,562$ 2,928,828$ (93,336)$ 3,241,505 Net investment gains (losses) (2) $ 431,152$ 1,807,219$ 1,524,054$ (1,595,733)$ 1,978,534 Compound annual growth rate in closing stock price per share from December 31, 2020 to June 30, 2025 16 % (1) See "Supplemental Financial Information" for the components of our Insurance engine operating income. (2) Investments engine operating income includes net investment gains (losses), which are primarily comprised of unrealized gains and losses on equity securities. (3) See "Non-GAAP Financial Measures" for additional information on this non-GAAP measure. ******** A copy of our Form 10-Q is available on our website at under Investor Relations-Financials, or on the SEC website at Readers are urged to review the Form 10-Q for a more complete discussion of our financial performance. Our quarterly conference call, which will involve discussion of our financial results and business developments and may include forward-looking information, will be held Thursday, July 31, 2025, beginning at 9:30 a.m. (Eastern Time). Investors, analysts and the general public may listen to the call via live webcast at The call may be accessed telephonically by dialing (888) 660-9916 in the U.S., or (646) 960-0452 internationally, and providing Conference ID: 4614568. A replay of the call will be available on our website approximately one hour after the conclusion of the call. Any person needing additional information can contact Markel Group's Investor Relations Department at IR@ Supplemental Financial InformationThe following table presents the components of our Insurance engine operating Ended June 30, Six Months Ended June 30, Years Ended December 31, (dollars in thousands) 20252024202520242024202320222021 Markel Insurance segment $ 60,337$ 123,896$ 136,619$ 218,624$ 374,223$ 101,432$ 600,087$ 603,450 Other insurance operations 68,07553,029136,82994,126226,779246,713328,622115,350 Insurance $ 128,412$ 176,925$ 273,448$ 312,750$ 601,002$ 348,145$ 928,709$ 718,800 Non-GAAP Financial MeasuresConsolidated segment operating income is a non-GAAP financial measure as it represents the total of the segment operating income from each of our operating segments and excludes items included in operating income. Consolidated segment operating income excludes amortization of acquired intangible assets and goodwill impairments arising from purchase accounting as they do not represent costs of operating the underlying businesses. The following table reconciles operating income to consolidated segment operating Ended June 30, Six Months Ended June 30, Years Ended December 31, (dollars in thousands) 20252024202520242024202320222021 Operating income (loss) $ 1,107,340$ 409,980$ 1,389,864$ 1,745,766$ 3,712,562$ 2,928,828$ (93,336)$ 3,241,505 Amortization of acquired intangible assets 51,21344,23798,15588,522181,472180,614178,778160,539 Impairment of goodwill ——————80,000— Consolidated segment operating income $ 1,158,553$ 454,217$ 1,488,019$ 1,834,288$ 3,894,034$ 3,109,442$ 165,442$ 3,402,044 About Markel GroupMarkel Group Inc. is a diverse family of companies that includes everything from insurance to bakery equipment, building supplies, houseplants, and more. The leadership teams of these businesses operate with a high degree of independence, while at the same time living the values that we call the Markel Style. Our specialty insurance business sits at the core of our company. Through decades of sound underwriting, the Markel Insurance team has provided the capital base from which we built a system of businesses and investments that collectively increase Markel Group's durability and adaptability. It's a system that provides diverse income streams, access to a wide range of investment opportunities, and the ability to efficiently move capital to the best ideas across the company. Most importantly though, this system enables each of our businesses to advance our shared goal of helping our customers, associates, and shareholders win over the long term. Visit to learn more. Cautionary StatementCertain of the statements in this release may be considered forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995, as amended. Statements that are not historical facts, including statements about our beliefs, plans or expectations, are forward-looking statements. These statements are based on our current plans, estimates and expectations. There are risks and uncertainties that could cause actual results to differ materially from those expressed in or suggested by such statements. Factors that may cause actual results to differ are often presented with the forward-looking statements themselves. Additional factors that could cause actual results to differ from those predicted are set forth in our Annual Report on Form 10-K for the year ended December 31, 2024, including under "Business Overview," "Risk Factors," "Management's Discussion and Analysis of Financial Condition and Results of Operations," "Safe Harbor and Cautionary Statement," and "Quantitative and Qualitative Disclosures About Market Risk," and in our Quarterly Report on Form 10-Q for the quarter ended June 30, 2025, including under "Management's Discussion and Analysis of Financial Condition and Results of Operations," "Safe Harbor and Cautionary Statement," "Quantitative and Qualitative Disclosures About Market Risk," and "Risk Factors." We assume no obligation to update this release (including any forward-looking statements) as a result of new information, developments, or otherwise. This release speaks only as of the date issued. View original content to download multimedia: SOURCE Markel Group View original content to download multimedia:
Yahoo
an hour ago
- Yahoo
Altria Has a Big Dividend Yield, but Is It Sustainable?
Key Points Altria Group's earnings rose, but its core cigarette business continues to see large volume declines. At this point, the dividend looks safe. However, investors need to be wary of when price hikes stop working. 10 stocks we like better than Altria Group › With Altria Group's (NYSE: MO) forward dividend yield at 6.6%, investors tend to be more concerned about the company's dividend than its earnings momentum. The company has increased its payout every year since 2009, but with cigarette volumes continuing to decline, the question on many investors' minds is whether the dividend and its increased payouts are sustainable. Let's look at the company's recent results to find out. Raised guidance, but questions remain In the second quarter, Altria saw solid adjusted earnings per share (EPS) growth and raised its earnings guidance, although it is still facing headwinds. Overall revenue net of excise taxes fell 1.7% to $5.29 billion, while adjusted EPS climbed 8.3% to $1.44. That was above analyst expectations for revenue of $5.19 billion and EPS of $1.39, as compiled by FactSet. Altria's on! nicotine pouches, which compete with Philip Morris International's Zyn, saw strong growth, with shipment volumes climbing 26.5% to 52.1 million cans. Revenue net of excise taxes in the oral products segment that houses on! rose 6% to $728 million. Segment shipment volumes fell 1% to 198.6 million units. Adjusted operating income for the segment rose 10.9% to $500 million. The company's cigarette business continues to experience large shipment declines, with overall shipment volumes down 10.2%. Its leading Marlboro brand saw shipments fall 11.4% in the quarter, while other premium brand shipments sank 13%. Discount brand shipments jumped 17.6%, while cigar volumes rose 3.7%. For its smokeable segment, revenue net of excise taxes fell 0.4% to $4.6 billion. Adjusted operating income for the segment increased 4.2% to $2.95 billion. Altria's Njoy e-vapor business is currently in a patent dispute with Juul, in which it previously had a large stake. It lost the trial and subsequent appeal, and it just recently completed a new product design for its Njoy Ace solution in an effort to work around the patents it violated. Looking ahead, the company raised the low end of its full-year adjusted EPS outlook to $5.35 to $5.45, representing 3% to 5% growth. That's up from a prior range of $5.30 to $5.45. Is the dividend safe? Altria currently pays a dividend of $1.02 a quarter, or an annual rate of $4.08. The company generated $2.9 billion in both operating cash flow and free cash flow through the first six months of the year. Meanwhile, it paid $3.5 billion in dividends over the same period. Through the first six months of the year, its cash flows are not covering its dividend payout, which can be a red flag. However, last year it covered the $6.8 billion in dividends it paid out with free cash flows of $8.6 billion, and it tends to generate much more cash flow in the second half of the year. Looking at its balance sheet, Altria ended the quarter with debt-to-EBITDA leverage of 2 times, which is reasonable. As such, the dividend looks sustainable for the foreseeable future. The big concern for investors is the steady, large drop in cigarette volumes. At some point, price hikes stop working, and that's a real risk. Tobacco companies have strong pricing power, but there's only so much Altria can do when fewer people are buying its products each year. And while on! is showing solid growth, it's still a small piece of the overall revenue puzzle. From a valuation perspective, the company trades at a forward price-to-earnings (P/E) ratio of 11.5 based on the analyst consensus for 2025. That's much cheaper than its former unit, Philip Morris International, but I much prefer its international counterpart given its strong growth drivers. Overall, Altria is a solid dividend play. But with the stock at a six-year high and its core business continuing to see big volume declines, I wouldn't be a buyer of Atria at current levels. Should you invest $1,000 in Altria Group right now? Before you buy stock in Altria Group, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Altria Group wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $624,823!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,064,820!* Now, it's worth noting Stock Advisor's total average return is 1,019% — a market-crushing outperformance compared to 178% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 29, 2025 Geoffrey Seiler has positions in Philip Morris International. The Motley Fool has positions in and recommends FactSet Research Systems. The Motley Fool recommends Philip Morris International. The Motley Fool has a disclosure policy. Altria Has a Big Dividend Yield, but Is It Sustainable? was originally published by The Motley Fool Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
