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State Street Corporation STT Stock Quote

| Rating as of

NYSE: STT

Last close prices updated as of Jan 27, 2023, 7:00 PM EST | USD | BATS BZX Real-Time Price
  • Last Close 90.73
  • Sector Financial Services
  • Industry Asset Management
  • Investment Style Mid Value
  • Day Range 89.76  –  91.83
  • Year Range 58.62  –  103.76
  • Market Cap 31.6670 Bil
  • Volume / Avg 2.8 Mil /  2.7 Mil
  • Price / Sales 2.76
  • Price / Book 1.36
  • Forward Div Yield 3.13%
  • Trailing Div Yield 2.65%

Morningstar‘s Stock Analysis STT

Valuation
Currency in
Is it the right time to buy or sell?
Is it the right time to buy or sell?

1-Star Price

INVESTOR

5-Star Price

INVESTOR

Economic Moat

INVESTOR

Capital Allocation

INVESTOR

State Street's Net Interest Income Benefiting From Rising Interest Rates

Rajiv Bhatia Equity Analyst

Business Strategy and Outlook

| Rajiv Bhatia |

State Street provides a range of asset servicing and ancillary servicing, including maintaining custody of assets, fund administration, record-keeping, securities lending, foreign-exchange trading services, and data services to institutional asset owners and asset managers. Although State Street is a market leader, its asset manager and asset owner clients are sophisticated on the pricing of its custody and ancillary services. In addition, as asset managers consolidate and face industrywide fee pressure, they are increasingly seeking operating expense savings. State Street saw pricing compression of 4% in 2018 and 2019, though it did moderate to about a 2% headwind in 2020 and 2021. The rapid rise in interest rates during 2022 helped the custody banks expand their net interest income. While net interest income may only make up one quarter of State Street's revenue, there is little incremental operating cost to this revenue and thus net interest income is an important profitability driver.

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Key Statistics STT

Company Profile STT

Business Description

State Street is a leading provider of financial services, including investment servicing, investment management, and investment research and trading. With approximately $36.7 trillion in assets under custody and administration and $3.5 trillion assets under management as of Dec. 31, 2022, State Street operates globally in more than 100 geographic markets and employs more than 42,000 worldwide.

Contact
One Lincoln Street
Boston, MA, 02111
Industry Asset Management
Employees 41,354

Related Articles STT

FAQs for State Street Corporation Stock

Yes. STT has a forward dividend yield of 3.13%. See STT’s full dividends and stock split history on the Dividend tab.
Dividend yield allows investors, particularly those interested in dividend-paying stocks, to compare the relationship between a stock’s price and how it rewards stockholders through dividends. The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price.

Learn more about dividend yield.

STT’s market cap is 31.67 Bil.
Market capitalization is calculated by taking a company’s share price and multiplying it by the total number of shares. It’s often used to measure a company’s size. In the Morningstar Style Box, large-cap names account for the largest 70% of U.S. stocks, mid-cap names account for the largest 70–90%, and small-cap names are the remaining 10% of companies.

Learn more about market capitalization.

STT’s stock style is Mid Value.
Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated.

High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends.

Learn more about style.

STT’s price/sales is 2.76.
Price/sales represents the amount an investor is willing to pay for a dollar generated from a particular company’s sales or revenues.

STT’s price/forward earnings is 9.74.
Forward P/E gives some indication of how cheap or expensive a stock is compared with consensus earnings estimates. The lower the Forward P/E, the cheaper the stock.

STT’s price/book is 1.36.
Price/book ratio can tell investors approximately how much they’re paying for a company’s assets, based on historical, rather than current, valuations. Historical valuations generally do not reflect a company’s current market value. Value investors frequently look for companies that have low price/book ratios.

See STT’s valuation ratios compared to the Market Index.

STT’s beta can be found in Trading Information at the top of this page.
A stock’s beta measures how closely tied its price movements have been to the performance of the overall market.

Compare STT’s historical performance against its industry peers and the overall market.