State Street reported a very strong second quarter, with 17% revenue growth and 44% adjusted earnings per share growth. State Street also introduced new medium-term (3-5 year horizon) targets.
With Charles River Development, State Street’s front-to-back offerings (branded as State Street Alpha) offer competitive advantages and should lead to a greater wallet share of clients and stickier client relationships.
Fee compression and lower margins in the asset-management industry could result in pricing pressure accelerating. Pricing pressure can also manifest itself in higher funding costs on deposits.
|
Metric
|
STT
|
BNY
|
JPM
|
|---|---|---|---|
Price/Earnings (Normalized) | 14.91 | 18.02 | 15.42 |
Price/Book Value | 2.03 | 2.67 | 2.56 |
Price/Sales | 3.44 | 5.24 | 4.78 |
Price/Cash Flow | 12.40 | 14.18 | 11.38 |
|
Metric
|
STT
|
BNY
|
JPM
|
|---|---|---|---|
Quick Ratio | — | — | — |
Current Ratio | — | — | — |
Interest Coverage | — | — | — |
|
Metric
|
STT
|
BNY
|
JPM
|
|---|---|---|---|
Return on Assets (Normalized) | — | — | — |
Return on Equity (Normalized) | — | — | — |
Return on Invested Capital (Normalized) | — | — | — |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
| BlackRock Inc
BLK
| LOCK|dC$Qw%v | LOCK|K%x | $166B | |||
| Blackstone Inc
BX
| LOCK|?!Wd^$f | LOCK|>sS | $99B | |||
| KKR & Co Inc Ordinary Shares
KKR
| LOCK|<^PdZ%F | LOCK|$f^># | $91B | |||
| Brookfield Asset Management Ltd Ordinary Shares - Class A
BAM
| LOCK|xd!?>! | LOCK|N#<$K | $77B | |||
| Apollo Global Management Inc
APO
| LOCK|%cf@$wS | LOCK|Mp@! | $69B | |||
| Ameriprise Financial Inc
AMP
| LOCK|Qtjt>qG | LOCK|yN#H | $47B | |||
| Northern Trust Corp
NTRS
| LOCK|&>!NbLR | LOCK|^^P | $34B | |||
| Raymond James Financial Inc
RJF
| LOCK|g<sfFL$ | LOCK|&j@zl | $33B | |||
| Ares Management Corp Ordinary Shares - Class A
ARES
| LOCK|r!^>Nr | LOCK|$d!>% | $28B |
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United States