GuruFocus·Sep 16, 2026
Is STT Overvalued? DCF Says Worth $157On September 16, 2026, we conducted a DCF analysis for State Street Corp (STT), which has shown a strong price performance year-to-date but has recently experie
State Street demonstrates a complex financial profile where integrated technology platform improvements have driven gross margins to 67.4% as of 2026Q1, yet persistent operating margin volatility remains a significant concern for long-term predictability. Whil...
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
State Street has successfully expanded its gross margin to 67.4% in 2026Q1 from 56.9% in 2024Q3, though operating margins remain highly variable, fluctuating between 4.1% and 19.2% over the last ten quarters.
State Street reported earnings per share of $2.97, surpassing analyst expectations. Revenue grew 7.5% YoY, while net income jumped 38% from 2023 to 2024. Assets under custody and administration rose to $46.56 trillion, an 11% increase year‑over‑year.
The firm is investing in its integrated Alpha platform and Private Markets initiatives to drive organic growth and operational efficiencies. Platforms such as State Street Alpha and Charles River are expanding the company’s service offerings.
State Street manages approximately $49 trillion in assets under custody and administration and $5.1 trillion in assets under management, positioning it as a cornerstone of global asset servicing.
Trailing total returns as of 9/23/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q3 2026Latest Jul 16, 2026 | $3.65+9.3% vs $3.34 | $4.0B+4.3% vs $3.9B |
Q2 2026 Apr 17, 2026 | $2.84+7.6% vs $2.64 | $3.8B+3.6% vs $3.7B |
Q1 2026 Jan 16, 2026 | $2.97+4.6% vs $2.84 | $3.7B+1.8% vs $3.6B |
Q4 2025 Oct 17, 2025 | $2.78+5.3% vs $2.64 | $5.7B+66.1% vs $3.5B |
On September 16, 2026, we conducted a DCF analysis for State Street Corp (STT), which has shown a strong price performance year-to-date but has recently experie
State Street Corporation (STT) Presents at Barclays 24th Annual Global Financial Services Conference Transcript
BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) today announced executive leadership appointments in support of the next phase of the firm's growth strategy and its continued focus on driving innovation and transformation to help clients achieve better outcomes in increasingly complex global markets. Mostapha Tahiri, currently enterprise chief operating officer, will become president of State Street Alpha, with responsibility for Alpha, Charles River Development (CRD), and a suite.
State Street posted robust Q2 results, boosting full-year guidance and reaffirming compelling midterm earnings targets. STT's fee-driven model delivered a 70% YoY EPS increase, supported by a 20%+ AUM surge and strong non-interest income. Management targets a mid-20% ROTCE and projects 2028–2029 EPS of $16.5–$17, implying attractive upside despite a premium valuation.
Benchmark STT against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for State Street Corporation (STT)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $180.25 | $49.89B | 19.18 | 7.93% | 13.01% | 11.08% | 1.72% | |
| $141.91 | $100.01B | 19.15 | 8.22% | 14.66% | 13.32% | — | |
| $173.40 | $31.73B | 19.84 | -2.46% | 14.76% | 17.14% | — | |
| $33.13 | $17.22B | 36.41 | 3.52% | 9.56% | 6.35% | — | |
| $30.85 | $13.68B | -19.28 | 4.75% | -0.93% | -0.48% | — | |
| $949.49 | $292.44B | 18.50 | 8.92% | 16.31% | 14.33% | — |
State Street Corporation (STT) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
State Street Corporation (STT) SEC filings — annual & quarterly reports (10-K, 10-Q)
Jul 16, 2026·SEC
May 26, 2026·SEC
Apr 24, 2026·SEC
Feb 19, 2026·SEC
Apr 29, 2026·SEC
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State Street Corporation (STT) stock FAQ — growth, dividends, profitability & financials explained
State Street Corporation (STT) grew revenue by 7.9% over the past year. This is steady growth.
Yes, State Street Corporation (STT) is profitable, generating $3.06B in net income for fiscal year 2025 (13.0% net margin).
Yes, State Street Corporation (STT) pays a dividend with a yield of 1.72%. This makes it attractive for income-focused investors.
State Street Corporation (STT) has a return on equity (ROE) of 11.1%. This is reasonable for most industries.
State Street Corporation (STT) has a net interest margin (NIM) of 0.8%. NIM has been under pressure due to interest rate environment.
State Street Corporation (STT) has an efficiency ratio of 44.9%. This is excellent, indicating strong cost control.
