Skip to Content

State Street Corporation STT

Rating as of

Morningstar’s Analysis

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


5-Star Price


Economic Moat


Capital Allocation


State Street Finishes Year With No Big Surprises

Rajiv Bhatia Equity Analyst

Analyst Note

| Rajiv Bhatia |

Wide-moat-rated State Street reported decent fourth-quarter results. Revenue of $2.92 billion exceeded the FactSet consensus of $2.82 billion by 4%. The firm reported adjusted EPS of $1.69, which beat the consensus of $1.56. Notable items excluded from adjusted EPS totaled $145 million pretax and consisted of $82 million of severance, $51 million in real estate rationalization, and $12 million in acquisition and restructuring. As a result, GAAP EPS was $1.39 during the quarter. We will be tweaking our model, but we do not expect a large change in our fair value estimate.

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.

One Lincoln Street
Boston, MA, 02111
T +1 617 786-3000
Sector Financial Services
Industry Asset Management
Most Recent Earnings Sep 30, 2020
Fiscal Year End Dec 31, 2020
Stock Type High Yield
Employees 38,979