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State Street Corporation

NYSE: STT

Stock price

168.59 USD

(+69.61%) 5 years

Asset Management & Custody BanksAsset Management

Financial Performance

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5Y price score: 102

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The price score is a basic measure of the stock's performance against the S&P 500 Index over a five-year period.

A score of 100 indicates that the stock did as well as the S&P 500 Index.

A score below 100 means the stock underperformed the index, while a score above 100 means it outperformed the S&P 500.

10Y return: 168%

DATE RANGE:

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  • Free cash flow per share

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111.6

52-week range

195.9

168.59

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Required return / cost of capital
%
FCFF terminal growth rate
%

Your fair value & Margin of safety

To calculate fair value based on cost of capital and terminal growth assumptions above, please select free cash flow forecast.

Forecast:

Valuation

Free Cash Flow Yield

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FCF Yield TTM = Trailing Twelve Months free cash flow per share / current market price per shareLearn more

(27.9) %

Dividend Yield TTM

2 %

Market cap $

$ 46,312

Price / Earnings TTM

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P/E TTM = current market price per share / Trailing Twelve Months diluted earnings per shareLearn more

13.8

Price / Book TTM

1.6

PEG TTM

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Price/Earnings-to-Growth ratio = P/E TTM divided by most recent annual diluted earnings per share growth rateLearn more

1

Earnings growth and return

LTM

5YR

10YR

Total return (price & dividends)

51.6 %

82.1 %

167.9 %

Free cash flow per share growth

(125.8) %

78.4 %

391.6 %

Earnings per share growth

32.7 %

48.7 %

110.3 %

Founded: 1,792

Employees: 52,711

Business Summary:State Street Corporation (STT) is a well-established global financial services firm that delivers a wide array of financial products and specialized services to institutional investors worldwide. The company's extensive offerings include core investment servicing functionalities such as secure asset custody, detailed product accounting, daily valuation, comprehensive administration, master trust and master custody arrangements, and specific depotbank services. It also manages record-keeping, cash, foreign exchange, brokerage, and various trading activities. Further services in this area encompass securities finance, advanced custody solutions, deposit and short-term investment facilities, as well as loan and lease financing. State Street additionally provides operational outsourcing for both traditional and alternative investment managers, complemented by sophisticated analytics for performance, risk, and compliance, along with financial data management. Beyond servicing, the firm offers capabilities in portfolio management and risk analysis, supporting trading and post-trade settlement processes with built-in compliance features and managed data solutions. Its investment management division provides a diverse range of strategies and products. These span core and enhanced indexing, multi-asset class approaches, active quantitative and fundamental management, and various alternative investment strategies. State Street is also a proponent of environmental, social, and governance (ESG) investing, offers solutions for defined benefit and defined contribution plans, and provides global fiduciary expertise, including its prominent SPDR brand of exchange-traded funds (ETFs). State Street's client roster is broad, serving mutual funds, collective investment vehicles, other investment pools, corporate and public retirement plans, insurance companies, foundations, endowments, and other investment managers. With roots dating back to its founding in 1792, State Street Corporation is headquartered in Boston, Massachusetts.

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Fair Value Reference Estimate

Latest Earnings Call Takeaways

2026 Q3 (Oct 14, 2026)

1) Strategic Overview and Leadership Insights
- State Street's CEO, Ron O'Hanley, emphasized the importance of being a trusted partner for clients amid a complex global environment characterized by fiscal pressures, inflation uncertainty, and geopolitical risks.
- The firm aims to leverage its integrated model, "One State Street," to enhance client relationships and drive sustainable growth.
- Recent strategic initiatives include a focus on alternatives, digital assets, and wealth management, which are expected to align with long-term growth opportunities in financial services.

2) Financial Performance and Segment Results
- Earnings per share (EPS) for Q3 2026 reached $3.69, a 33% increase year-over-year, supported by double-digit growth in fee revenue and net interest income (NII).
- Total revenue was $4 billion, up 13% year-over-year, with fee revenue increasing 11% and NII rising 21%.
- Record quarterly servicing fees of approximately $1.5 billion were reported, with assets under custody reaching a record $59.2 trillion, reflecting 15% year-over-year growth.
- The Investment Management segment saw management fees increase 20% year-over-year, with assets under management hitting a record $6.3 trillion.

3) Challenges and Headwinds
- The firm experienced a decline in other fee revenue, attributed to a $30 million year-over-year impact from market-related gains on strategic investments in the prior year.
- FX trading revenue decreased 14% quarter-over-quarter, though it still showed a 17% year-over-year increase, indicating some normalization after a strong first half of the year.
- The firm noted that servicing fee sales were below expectations, with year-to-date gross new wins tracking north of $200 million, below the prior target of $350 million.

4) Operational and Product Plans
- State Street is on track to deliver a tokenized fund servicing capability by year-end, with plans to expand digital asset offerings and enhance market infrastructure.
- The firm is also focusing on expanding its wealth services, having secured a significant servicing mandate from a large RIA, showcasing the effectiveness of its integrated service model.
- Investments in technology and AI are ongoing, aimed at improving operational efficiency and client experience, while also supporting strategic growth initiatives.

5) Guidance and Outlook
- For the full year, State Street expects fee revenue growth of 13% to 14% and NII growth of 15% to 16%. Expenses are projected to increase by 8% to 8.5%.
- The firm anticipates delivering over 500 basis points of positive operating leverage in 2026 and aims for a total payout ratio approaching 80%.
- The call did not provide specific guidance for 2027, leaving some uncertainty regarding future performance metrics.

Bottom line: State Street's strong Q3 results reflect robust financial performance and strategic execution, positioning the firm well for sustainable growth despite some near-term challenges. The focus on integrated solutions and strategic initiatives in alternatives, digital assets, and wealth management presents attractive long-term opportunities for shareholders.

Annual Reports, Presentations And IR Contacts

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Annual report links (10K)
2025202420232022202120202019201820172016

State Street Corporation — Financial Overview, Stock Price, Market Cap

State Street Corporation is a company. Founded in 1792. As of October 23, 2026, the company's market capitalization is $46311969555 with a current stock price of $168.59.