State Street Corp.

State Street Corp.

STT

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Market Cap$53.07B
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Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
State Street Corp.State Street Corp.16.61.75%19%21.1

Earnings Call Q2 2026

July 16, 2026 - AI Summary

Strong Q2 performance; EPS and revenue hit record levels - 2Q 2026 EPS: $3.65 vs. $2.17 in 2Q 2025 (excl. prior-year notable items: +44% YoY). - Total revenue: +17% YoY to $4.0B (record) driven by record fee revenue and record servicing/management/FX trading plus record NII. - 10th consecutive quarter of positive operating leverage (excluding notable items). - Margin/returns improvement: pretax margin expanded +470 bps YoY to 34%; ROTCE ~26% (up 6+ pts YoY, excluding notable items). - *Good:* clear breadth of strength across Investment Services, Investment Management, and Markets.
Operating drivers and balance sheet/capital strength - Fees: $3.2B (+16% YoY); Servicing fees $1.5B (+13% YoY) on ~7% organic growth; AUCA: $57.9T (+18% YoY). - Management fees: $772M (+29% YoY) with AUM $6.3T (+23% YoY); net inflows $114B (5th consecutive quarter of positive organic growth), led by ETF inflows (e.g., $66B) and cash inflows ($35B). - Markets: FX trading revenue +27% YoY to $494M on record volumes; securities finance +19% YoY. - Net interest income: $860M (+18% YoY); NIM +17 bps to 113 bps (driven by funding mix, portfolio repricing/hedge runoff; partly offset by lower market rates). - Capital ratios robust: CET1 10.8%, Tier 1 leverage 5.3% (stable). - *Surprising/positive:* despite strong performance, headcount down ~3% YoY, implying productivity-supported cost discipline.
Full-year 2026 outlook upgraded meaningfully (key forecasts) - Outlook excludes notable items; assumes flat global equities from end of 2Q through year-end, and rates broadly aligned with forward curves (Fed/BOE on hold; ECB +1 hike). - Fee revenue growth now 12–13% (up from prior 7–9%). - NII growth now 14–15% (up from prior 8–10%), mainly from stronger deposit balances. - Expenses expected +~8% (up from prior 5–6%) due to revenue-related costs and continued investment. - Positive operating leverage ~500 bps in 2026 → implied pretax margin ~32%. - Effective tax rate ~22%; total payout ratio ~80% (board approval dependent). - *Good:* the upgrade suggests visibility improved across both fees and NII, not just one segment.

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$176.24

Target Price by Analysts

7.2% downsideState Street Target Price DetailsTarget Price
$295.99

Current Fair Value

55.9% upside

Undervalued by 55.9% based on the discounted cash flow analysis.

Share Statistics

Market cap$53.07 Billion
Enterprise Value$79.25 Billion
Dividend Yield$3.36 (1.75%)
Earnings per Share$9.55
Beta1.42
Outstanding Shares278,434,000

Return

Return on Equity18.69%ROE
Return on Assets1.26%
Return on Invested Capital0.79%

Valuation & Multiples

P/E Ratio16.63P/E Ratio
PEG29.47PEG
Price to Sales2.02Price to Sales
Price to Book Ratio1.88Price to Book Ratio
Enterprise Value to Revenue3.01
Enterprise Value to EBIT24.19
Enterprise Value to Net Income15
Total Debt to Enterprise0.38
Debt to Equity1.08Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
July 21, 2026
EPS Estimate
$3.14
Average shareholder expectation
Revenue Estimate
$3.78 B
Average shareholder expectation

Next Earnings Call

Expected Date
October 16, 2026
EPS Estimate
$3.59
Average shareholder expectation
Revenue Estimate
$4.00 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio0.4952 82.08%
Total Calls62,400 97.16%
Total Puts30,900 98.93%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %26.94% 64.45%
Total Invested$12.65B 60.67%
Investors Holding724 437.00%

ESG Score

No data

About State Street Corp.

2,020 employees
CEO: Ronald O'Hanley

State Street Corporation is one of the world's leading providers of financial services to institutional investors including investment servicing, investment management and investment research and trading. With $33.52 trillion in assets u...