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State Street NYSE:STT Stock Report

Last Price


Market Cap







11 Aug, 2022


Company Financials +
STT fundamental analysis
Snowflake Score
Future Growth1/6
Past Performance4/6
Financial Health4/6

STT Stock Overview

State Street Corporation, through its subsidiaries, provides a range of financial products and services to institutional investors worldwide.

State Street Competitors

Price History & Performance

Summary of all time highs, changes and price drops for State Street
Historical stock prices
Current Share PriceUS$73.51
52 Week HighUS$104.87
52 Week LowUS$58.80
1 Month Change17.88%
3 Month Change6.21%
1 Year Change-19.63%
3 Year Change50.60%
5 Year Change-19.92%
Change since IPO1,388.81%

Recent News & Updates

Aug 09
State Street (NYSE:STT) Is Increasing Its Dividend To $0.63

State Street (NYSE:STT) Is Increasing Its Dividend To $0.63

State Street Corporation's ( NYSE:STT ) dividend will be increasing from last year's payment of the same period to...

Aug 05

State Street partners with Latinx Firms to underwrite $750M in senior notes

State Street (NYSE:STT) issued $750M principal amount of fixed-to-floating rate senior notes due 2033. The offering was structured with Cabrera Capital Markets acting as bookrunner, and Great Pacific Securities, Penserra Securities, and Samuel A. Ramirez & Company, acting as co-managers; four broker-dealers are Latinx-owned. Broker dealers have underwritten 33% final of the debt securities in the offering. This marks the third such offering this year where the underwriting syndicate has been structured in a manner consistent with State Street’s inclusion, diversity and equity strategy, reflecting the firm’s continuing efforts to amplify the impact of its ESG initiatives.  The offering of $750M of senior notes priced at the tight end of initial price talk areas and had a final orderbook that was 4.3 times oversubscribed.

Jul 26
State Street's (NYSE:STT) Shareholders Will Receive A Bigger Dividend Than Last Year

State Street's (NYSE:STT) Shareholders Will Receive A Bigger Dividend Than Last Year

State Street Corporation ( NYSE:STT ) will increase its dividend from last year's comparable payment on the 13th of...

Jul 21

State Street Corporation declares $0.63 dividend

State Street Corporation (NYSE:STT) declares $0.63/share quarterly dividend, in line with previous. Forward yield 3.72% Payable Oct. 13; for shareholders of record Oct. 3; ex-div Sept. 30.

Shareholder Returns

STTUS Capital MarketsUS Market

Return vs Industry: STT underperformed the US Capital Markets industry which returned -16% over the past year.

Return vs Market: STT underperformed the US Market which returned -11.6% over the past year.

Price Volatility

Is STT's price volatile compared to industry and market?
STT volatility
STT Average Weekly Movement5.9%
Capital Markets Industry Average Movement0.5%
Market Average Movement7.8%
10% most volatile stocks in US Market16.9%
10% least volatile stocks in US Market3.2%

Stable Share Price: STT is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: STT's weekly volatility (6%) has been stable over the past year.

About the Company

179240,354Ron O’Hanley

State Street Corporation, through its subsidiaries, provides a range of financial products and services to institutional investors worldwide. The company offers investment servicing products and services, including custody; product 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 and enhanced custody products; 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. It also engages in the provision of portfolio management and risk analytics, as well as trading and post-trade settlement services with integrated compliance and managed data.

State Street Fundamentals Summary

How do State Street's earnings and revenue compare to its market cap?
STT fundamental statistics
Market CapUS$27.02b
Earnings (TTM)US$2.65b
Revenue (TTM)US$12.08b


P/E Ratio


P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
STT income statement (TTM)
Cost of RevenueUS$0
Gross ProfitUS$12.08b
Other ExpensesUS$9.43b

Last Reported Earnings

Jun 30, 2022

Next Earnings Date


Earnings per share (EPS)7.21
Gross Margin100.00%
Net Profit Margin21.94%
Debt/Equity Ratio80.6%

How did STT perform over the long term?

See historical performance and comparison



Current Dividend Yield


Payout Ratio

Does STT pay a reliable dividends?

See STT dividend history and benchmarks
When do you need to buy STT by to receive an upcoming dividend?
State Street dividend dates
Ex Dividend DateSep 30 2022
Dividend Pay DateOct 13 2022
Days until Ex dividend49 days
Days until Dividend pay date62 days

Does STT pay a reliable dividends?

See STT dividend history and benchmarks
We’ve recently updated our valuation analysis.


Is STT undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score


Valuation Score 5/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for STT?

Other financial metrics that can be useful for relative valuation.

STT key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ratio1.3x

Price to Earnings Ratio vs Peers

How does STT's PE Ratio compare to its peers?

STT PE Ratio vs Peers
The above table shows the PE ratio for STT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average11.7x
AMP Ameriprise Financial
NTRS Northern Trust
BK Bank of New York Mellon
TROW T. Rowe Price Group
STT State Street

Price-To-Earnings vs Peers: STT is good value based on its Price-To-Earnings Ratio (10.2x) compared to the peer average (11.7x).

Price to Earnings Ratio vs Industry

How does STT's PE Ratio compare vs other companies in the US Capital Markets Industry?

Price-To-Earnings vs Industry: STT is good value based on its Price-To-Earnings Ratio (10.2x) compared to the US Capital Markets industry average (30.4x)

Price to Earnings Ratio vs Fair Ratio

What is STT's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

STT PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio10.2x
Fair PE Ratio15.1x

Price-To-Earnings vs Fair Ratio: STT is good value based on its Price-To-Earnings Ratio (10.2x) compared to the estimated Fair Price-To-Earnings Ratio (15.1x).

Share Price vs Fair Value

What is the Fair Price of STT when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: STT ($73.51) is trading below our estimate of fair value ($139.4)

Significantly Below Fair Value: STT is trading below fair value by more than 20%.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Future Growth

How is State Street forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?

Future Growth Score


Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: STT's forecast earnings growth (8.1% per year) is above the savings rate (1.9%).

Earnings vs Market: STT's earnings (8.1% per year) are forecast to grow slower than the US market (14.5% per year).

High Growth Earnings: STT's earnings are forecast to grow, but not significantly.

Revenue vs Market: STT's revenue (6% per year) is forecast to grow slower than the US market (8% per year).

High Growth Revenue: STT's revenue (6% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: STT's Return on Equity is forecast to be low in 3 years time (10.9%).

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Past Performance

How has State Street performed over the past 5 years?

Past Performance Score


Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: STT has high quality earnings.

Growing Profit Margin: STT's current net profit margins (21.9%) are higher than last year (19.1%).

Past Earnings Growth Analysis

Earnings Trend: STT's earnings have grown by 3.5% per year over the past 5 years.

Accelerating Growth: STT's earnings growth over the past year (18.7%) exceeds its 5-year average (3.5% per year).

Earnings vs Industry: STT earnings growth over the past year (18.7%) underperformed the Capital Markets industry 53.6%.

Return on Equity

High ROE: STT's Return on Equity (10.7%) is considered low.

Discover strong past performing companies

Financial Health

How is State Street's financial position? (This company is analysed differently as a bank or financial institution)

Financial Health Score


Financial Health Score 4/6

  • Asset Level

  • Allowance for Bad Loans

  • Low Risk Liabilities

  • Loan Level

  • Low Risk Deposits

  • Level of Bad Loans

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

Financial Institutions Analysis

Asset Level: STT's Assets to Equity ratio (11.7x) is moderate.

Allowance for Bad Loans: Insufficient data to determine if STT has a sufficient allowance for bad loans.

Low Risk Liabilities: 88% of STT's liabilities are made up of primarily low risk sources of funding.

Loan Level: STT has an appropriate level of Loans to Assets ratio (11%).

Low Risk Deposits: STT's Loans to Deposits ratio (14%) is appropriate.

Level of Bad Loans: Insufficient data to determine if STT has an appropriate level of bad loans.

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What is State Street current dividend yield, its reliability and sustainability?

Dividend Score


Dividend Score 5/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


Current Dividend Yield

Upcoming Dividend Payment

TodayAug 12 2022Ex Dividend DateSep 30 2022Dividend Pay DateOct 13 202213 days from Ex DividendBuy in the next 49 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: STT's dividend (3.43%) is higher than the bottom 25% of dividend payers in the US market (1.5%).

High Dividend: STT's dividend (3.43%) is low compared to the top 25% of dividend payers in the US market (4.05%).

Stability and Growth of Payments

Stable Dividend: STT's dividends per share have been stable in the past 10 years.

Growing Dividend: STT's dividend payments have increased over the past 10 years.

Current Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (31.1%), STT's dividend payments are well covered by earnings.

Future Payout to Shareholders

Future Dividend Coverage: STT's dividends in 3 years are forecast to be well covered by earnings (31.6% payout ratio).

Discover strong dividend paying companies


How experienced are the management team and are they aligned to shareholders interests?


Average management tenure


Ron O’Hanley (65 yo)





Mr. Ronald Philip O’Hanley, also known as Ron, has been an Independent Director of Unum Group since February 26, 2015. He serves as Chairman at State Street Corporation since January 01, 2020 and also serv...

CEO Compensation Analysis

Compensation vs Market: Ron's total compensation ($USD14.11M) is about average for companies of similar size in the US market ($USD12.88M).

Compensation vs Earnings: Ron's compensation has increased by more than 20% in the past year.

Leadership Team

Experienced Management: STT's management team is considered experienced (2.6 years average tenure).

Board Members

Experienced Board: STT's board of directors are considered experienced (4.8 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.

Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 7%.

Top Shareholders

Company Information

State Street Corporation's employee growth, exchange listings and data sources

Key Information

  • Name: State Street Corporation
  • Ticker: STT
  • Exchange: NYSE
  • Founded: 1792
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Implied Market Cap: US$27.024b
  • Shares outstanding: 367.62m
  • Website:

Number of Employees


  • State Street Corporation
  • State Street Financial Center
  • One Lincoln Street
  • Boston
  • Massachusetts
  • 2111
  • United States


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/11 00:00
End of Day Share Price2022/08/11 00:00
Annual Earnings2021/12/31

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.