State Street Corporation, through its subsidiaries, provides a range of financial products and services to institutional investors worldwide.
No risks detected for STT.PRE from our risk checks.
Established dividend payer and good value.
Share Price & News
How has State Street's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: STT.PRE has not had significant price volatility in the past 3 months.
7 Day Return
US Capital Markets
1 Year Return
US Capital Markets
Return vs Industry: STT.PRE underperformed the US Capital Markets industry which returned 21.7% over the past year.
Return vs Market: STT.PRE underperformed the US Market which returned 24.7% over the past year.
Price Volatility Vs. Market
How volatile is State Street's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is State Street undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: STT.PRE ($25.32) is trading below our estimate of fair value ($26.23)
Significantly Below Fair Value: STT.PRE is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: STT.PRE is good value based on its PE Ratio (14.2x) compared to the Capital Markets industry average (36.1x).
PE vs Market: STT.PRE is good value based on its PE Ratio (14.2x) compared to the US market (18.9x).
Price to Earnings Growth Ratio
PEG Ratio: STT.PRE is poor value based on its PEG Ratio (7.5x)
Price to Book Ratio
PB vs Industry: STT.PRE is good value based on its PB Ratio (1.2x) compared to the US Capital Markets industry average (6.6x).
How is State Street forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: STT.PRE's forecast earnings growth (1.9% per year) is below the savings rate (2.7%).
Earnings vs Market: STT.PRE's earnings (1.9% per year) are forecast to grow slower than the US market (14.3% per year).
High Growth Earnings: STT.PRE's earnings are forecast to grow, but not significantly.
Revenue vs Market: STT.PRE's revenue (0.6% per year) is forecast to grow slower than the US market (7.5% per year).
High Growth Revenue: STT.PRE's revenue (0.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: STT.PRE's Return on Equity is forecast to be low in 3 years time (10.3%).
How has State Street performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: STT.PRE has high quality earnings.
Growing Profit Margin: STT.PRE's current net profit margins (16.6%) are lower than last year (19.6%).
Past Earnings Growth Analysis
Earnings Trend: STT.PRE's earnings have grown by 3.7% per year over the past 5 years.
Accelerating Growth: STT.PRE's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: STT.PRE had negative earnings growth (-18.1%) over the past year, making it difficult to compare to the Capital Markets industry average (20.6%).
Return on Equity
High ROE: STT.PRE's Return on Equity (8.4%) is considered low.
Return on Assets
Return on Capital Employed
How is State Street's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Inventory Level: STT.PRE has a low level of unsold assets or inventory.
Debt Coverage by Assets: STT.PRE's debt is covered by short term assets (assets are 2.1x debt).
Financial Institutions Analysis
Asset Level: STT.PRE's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if STT.PRE has a sufficient allowance for bad loans.
Low Risk Liabilities: STT.PRE's liabilities are made up of primarily low risk sources of funding.
Loan Level: STT.PRE has an acceptable proportion of non-loan assets held.
Low Risk Deposits: STT.PRE's loans are broadly funded by customer deposits.
Level of Bad Loans: Insufficient data to determine if STT.PRE has an appropriate level of bad loans.
What is State Street's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: STT.PRE's dividend (2.86%) is higher than the bottom 25% of dividend payers in the US market (1.4%).
High Dividend: STT.PRE's dividend (2.86%) is low compared to the top 25% of dividend payers in the US market (3.66%).
Stability and Growth of Payments
Stable Dividend: STT.PRE's dividends per share have been stable in the past 10 years.
Growing Dividend: STT.PRE's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (37.7%), STT.PRE's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: STT.PRE's dividends in 3 years are forecast to be well covered by earnings (34.2% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Ron O’Hanley (62yo)
Mr. Ronald Philip O'Hanley, also known as Ron, has been the Chief Executive Officer of State Street Corporation since January 1, 2019 and has been its President since November 6, 2017. He served as Chief O ...
CEO Compensation Analysis
Compensation vs Market: Ron's total compensation ($USD8.34M) is about average for companies of similar size in the US market ($USD10.76M).
Compensation vs Earnings: Ron's compensation has been consistent with company performance over the past year.
|Executive VP & CFO||2.8yrs||US$7.44m||0.0068% $1.8m|
|Executive VP & Chief Administrative Officer (Leave of Absence)||0.5yrs||US$6.15m||0.017% $4.4m|
|Executive VP & COO||0.8yrs||no data||0.015% $4.0m|
|Executive VP||1.5yrs||no data||0.0052% $1.4m|
|EVP & Chief Technology Officer||0.2yrs||no data||no data|
|Executive VP & Acting Chief Administrative Officer||0.5yrs||no data||0.0067% $1.8m|
|Global Head of Investor Relations||0yrs||no data||no data|
|Executive VP||13.8yrs||US$5.90m||0.059% $15.5m|
|Executive VP & Acting Chief Compliance Officer||0.5yrs||no data||no data|
Experienced Management: STT.PRE's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.
|Independent Director||16.8yrs||US$453.72k||0.021% $5.4m|
|Independent Director||18.8yrs||US$361.97k||0.023% $6.1m|
|Independent Director||20.8yrs||US$364.76k||0.016% $4.2m|
|Chairman of the Board||8.8yrs||US$16.10m||0.20% $52.7m|
|Independent Director||2.5yrs||US$321.52k||0.0019% $515.2k|
|Independent Director||10.7yrs||US$399.72k||0.0087% $2.3m|
|Independent Lead Director||0.5yrs||US$329.02k||0.010% $2.7m|
|Independent Director||4.9yrs||US$393.72k||0.0034% $911.5k|
|Independent Director||3.9yrs||US$383.34k||0.0029% $776.8k|
Experienced Board: STT.PRE's board of directors are considered experienced (6.9 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
State Street Corporation's company bio, employee growth, exchange listings and data sources
- Name: State Street Corporation
- Ticker: STT.PRE
- Exchange: NYSE
- Founded: 1792
- Industry: Asset Management and Custody Banks
- Sector: Diversified Financials
- Market Cap: US$26.421b
- Shares outstanding: 363.62m
- Website: https://www.statestreet.com
Number of Employees
- State Street Corporation
- State Street Financial Center
- One Lincoln Street
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|STT||NYSE (New York Stock Exchange)||Yes||Common Stock||US||USD||Jan 1980|
|ZYA||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Jan 1980|
|STT *||BMV (Bolsa Mexicana de Valores)||Yes||Common Stock||MX||MXN||Jan 1980|
|0L9G||LSE (London Stock Exchange)||Yes||Common Stock||GB||USD||Jan 1980|
|STT.PRC||NYSE (New York Stock Exchange)||DEP SHS REPSTG 1||US||USD||Aug 2012|
|STT.PRD||NYSE (New York Stock Exchange)||DEP SHS 1/4000 D||US||USD||Feb 2014|
|STT.PRE||NYSE (New York Stock Exchange)||SHS REPSTG PFD E||US||USD||Nov 2014|
|STT.PRG||NYSE (New York Stock Exchange)||DEP SHS PFD G||US||USD||Apr 2016|
|A2RSCJ||DB (Deutsche Boerse AG)||5.625%-FRN PERP USD 'H'||DE||USD||Sep 2018|
State Street Corporation, through its subsidiaries, provides a range of financial products and services to institutional investors worldwide. It offers investment servicing products and services, including custody; product and participant level accounting; daily pricing and administration; master trust and master custody; depotbank services; record-keeping; cash management; foreign exchange, brokerage, and other trading services; securities finance; deposit and short-term investment facilities; loans and lease financing; investment manager and alternative investment manager operations outsourcing; performance, risk, and compliance analytics; and financial data management to support institutional investors. The company also provides investment management strategies and products, such as core and enhanced indexing, multi-asset strategies, active quantitative and fundamental active capabilities, and alternative investment strategies. In addition, it offers services and solutions, including environmental, social, and governance investing; defined benefit and defined contribution; and outsourced chief investment officer. The company provides its products and services to mutual funds, collective investment funds and other investment pools, corporate and public retirement plans, insurance companies, foundations, endowments, and investment managers. State Street Corporation was founded in 1792 and is headquartered in Boston, Massachusetts.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2019/11/08 00:21|
|End of Day Share Price||2019/11/07 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.