Skip to Content

State Street Corporation STT

Rating as of

Morningstar’s Analysis

Valuation
Currency in USD
Is it the right time to buy or sell?
Find out with Morningstar Premium
Is it the right time to buy or sell?
Find out with Morningstar Premium

1-Star Price

PREMIUM

5-Star Price

PREMIUM

Economic Moat

PREMIUM

Capital Allocation

PREMIUM

Low Rate Headwinds Persist, but State Street Benefiting From Market Appreciation

Rajiv Bhatia, CFA Equity Analyst

Analyst Note

| Rajiv Bhatia, CFA |

Wide-moat State Street reported a solid start to 2021 though interest-rate headwinds continue to weigh on the firm. Revenue for the quarter was $2.95 billion, 2% above the FactSet consensus of $2.88 billion. Adjusted earnings per share of $1.47 also beat the consensus of $1.35. State Street is benefiting from market appreciation and client trading volumes. As we tweak our capital structure and servicing fee estimates, we are increasing our fair value estimate to $76 from $70.

Read Full Analysis

Company Profile

Business Description

State Street is a leading provider of financial services, including investment servicing, investment management, and investment research and trading. With approximately $38.8 trillion in assets under custody and administration and $3.5 trillion assets under management as of Dec. 31, 2020, State Street operates globally in more than 100 geographic markets and employs more than 38,000 worldwide.

Contact
One Lincoln Street
Boston, MA, 02111
T +1 617 786-3000
Sector Financial Services
Industry Asset Management
Most Recent Earnings Mar 31, 2021
Fiscal Year End Dec 31, 2021
Stock Type Cyclical
Employees 39,318

Related