(STT) State Street - NYSE
Sector: Financial Services | Industry: Asset Management | Exchange: NYSE (USA) | Market Cap: 46.583m USD | Total Return: 68.7% in 12m
Avg Turnover: 357M
EPS Trend: 96.4%
Qual. Beats: 4
Rev. Trend: 94.1%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
Supp Ema8, Rs Leader, Idiosyncratic Leader, Confidence
State Street Corporation (STT) is a global financial services provider specializing in investment servicing and investment management for institutional clients. Its business model centers on custody and administration, where the company holds and services trillions in assets for pension funds, insurance companies, and mutual funds. As a designated Systemically Important Financial Institution (SIFI), State Street plays a critical role in the global financial infrastructure by providing the technological framework for transaction processing and regulatory compliance.
The companys service suite includes the State Street Alpha platform, which integrates front-to-back office operations, and State Street Global Advisors, the entity responsible for managing diverse investment strategies including the SPDR ETF family. Unlike traditional retail banks, custody banks like State Street generate a significant portion of their revenue from fee-based services rather than net interest margins. This model provides a degree of stability but ties performance closely to global equity and fixed-income market valuations.
Analyzing the long-term stability of these fee structures on ValueRay can provide deeper insight into the companys competitive moat.
Founded in 1792 and based in Boston, State Street operates across major global markets, facilitating foreign exchange, securities lending, and data analytics. Its client base encompasses the full spectrum of institutional investors, from sovereign wealth funds to large-scale asset managers.
- Net interest income fluctuates with Federal Reserve monetary policy and interest rate shifts
- Assets under custody growth drives recurring servicing and administration fee revenue
- State Street Alpha platform adoption accelerates front-to-back office technology integration
- Rising equity market valuations increase asset management fees and total assets under management
- Regulatory capital requirements and expense management initiatives impact shareholder buyback capacity
| Net Income: 3.06b TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.03 > 0.02 and ΔFCF/TA -0.10 > 1.0 |
| NWC/Revenue: -447.2% < 20% (prev -611.5%; Δ 164.3% < -1%) |
| CFO/TA -0.03 > 3% & CFO -11.2b > Net Income 3.06b |
| Net Debt (-112b) to EBITDA (4.56b): -24.51 < 3 |
| Current Ratio: 0.66 > 1.5 & < 3 |
| Outstanding Shares: last quarter (282.9m) vs 12m ago -3.36% < -2% |
| Gross Margin: 63.27% > 18% (prev 58.70%; Δ 4.57% > 0.5%) |
| Asset Turnover: 5.95% > 50% (prev 5.94%; Δ 0.00% > 0%) |
| Interest Coverage Ratio: 0.47 > 6 (EBIT TTM 3.88b / Interest Expense TTM 8.29b) |
| A: -0.26 (Total Current Assets 197b - Total Current Liabilities 298b) / Total Assets 392b |
| B: 0.08 (Retained Earnings 31.9b / Total Assets 392b) |
| C: 0.01 (EBIT TTM 3.88b / Avg Total Assets 382b) |
| D: 0.08 (Book Value of Equity 27.7b / Total Liabilities 364b) |
| Altman-Z'' = -1.29 = CCC |
| DSRI: 3.0 (Receivables 53.5b/5.89b, Revenue 22.7b/22.2b) |
| GMI: 0.93 (GM 58.70% / 63.27%) |
| AQI: 0.84 (AQ_t 0.49 / AQ_t-1 0.58) |
| SGI: 1.03 (Revenue 22.7b / 22.2b) |
| TATA: 0.04 (NI 3.06b - CFO -11.2b) / TA 392b) |
| Beneish M = -1.52 (Cap -4..+1) = CCC |
As of June 25, 2026, the stock is trading at USD 168.87 with a total of 1,981,680 shares traded. Over the past week, the price has changed by -1.41%, over one month by +6.53%, over three months by +34.62% and over the past year by +68.71%.
Current recommended Stop Loss: 163.10 (which is 3.4% or 1.4 ATR below the current price).
State Street has received a consensus analysts rating of 3.69. Therefore, it is recommended to hold STT.
- StrongBuy: 4
- Buy: 4
- Hold: 7
- Sell: 1
- StrongSell: 0
| Analysts Target Price | 161.2 | -4.6% |
P/E Trailing = 17.0873
P/E Forward = 13.8122
P/S = 3.2365
P/B = 1.9263
P/EG = 1.1322
Revenue TTM = 22.7b USD
EBIT TTM = 3.88b USD
EBITDA TTM = 4.56b USD
Long Term Debt = 25.2b USD (from longTermDebt, last quarter)
Short Term Debt = 4.95b USD (from shortTermDebt, last quarter)
Debt = 30.3b USD (from shortLongTermDebtTotal, last quarter) + Leases 122.0m
Net Debt = -112b USD (calculated: Debt 30.3b - CCE 142b)
Enterprise Value = 46.6b USD (floored to Market Cap, CCE > MCap+Debt)
Interest Coverage Ratio = 0.47 (Ebit TTM 3.88b / Interest Expense TTM 8.29b)
EV/FCF = -3.93x (Enterprise Value 46.6b / FCF TTM -11.9b)
FCF Yield = -25.45% (FCF TTM -11.9b / Enterprise Value 46.6b)
FCF Margin = -52.11% (FCF TTM -11.9b / Revenue TTM 22.7b)
Net Margin = 13.47% (Net Income TTM 3.06b / Revenue TTM 22.7b)
Gross Margin = 63.27% ((Revenue TTM 22.7b - Cost of Revenue TTM 8.36b) / Revenue TTM)
Gross Margin QoQ = 67.36% (prev 65.05%)
Tobins Q-Ratio = 0.12 (Enterprise Value 46.6b / Total Assets 392b)
Interest Expense / Debt = 27.36% (Interest Expense 8.29b / Debt 30.3b)
Taxrate = 20.96% (813.0m / 3.88b)
NOPAT = 3.06b (EBIT 3.88b * (1 - 20.96%))
Current Ratio = 0.66 (Total Current Assets 197b / Total Current Liabilities 298b)
Debt / Equity = 1.09 (Debt 30.3b / totalStockholderEquity, last quarter 27.7b)
Debt / EBITDA = -24.51 (Net Debt -112b / EBITDA 4.56b)
Debt / FCF = 9.43 (negative FCF - burning cash) (Net Debt -112b / FCF TTM -11.9b)
Total Stockholder Equity = 27.6b (last 4 quarters mean from totalStockholderEquity)
RoA = 0.80% (Net Income 3.06b / Total Assets 392b)
RoE = 11.09% (Net Income TTM 3.06b / Total Stockholder Equity 27.6b)
RoCE = 7.34% (EBIT 3.88b / Capital Employed (Equity 27.6b + L.T.Debt 25.2b))
RoIC = 3.14% (NOPAT 3.06b / Invested Capital 97.7b)
WACC = 14.62% (E(46.6b)/V(76.9b) * Re(10.07%) + D(30.3b)/V(76.9b) * Rd(27.36%) * (1-Tc(0.21)))
Discount Rate = 10.07% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -95.56 | Cagr: -4.05%
[DCF] Fair Price = unknown (Cash Flow -11.9b)
EPS Correlation: 96.42 | EPS CAGR: 15.22% | SUE: 4.0 | # QB: 4
Revenue Correlation: 94.08 | Revenue CAGR: 12.46% | SUE: 0.63 | # QB: 0
EPS current Quarter (2026-06-30): EPS=3.15 | Chg30d=+0.32% | Revisions=+38% | Analysts=12
EPS next Quarter (2026-09-30): EPS=3.27 | Chg30d=+0.40% | Revisions=+54% | Analysts=11
EPS current Year (2026-12-31): EPS=12.48 | Chg30d=+0.00% | Revisions=+65% | GrowthEPS=+21.2% | GrowthRev=+8.8%
EPS next Year (2027-12-31): EPS=13.81 | Chg30d=+0.00% | Revisions=+78% | GrowthEPS=+10.7% | GrowthRev=+4.2%
[Analyst] Revisions Ratio: +78%