State Street Corp.

State Street Corp.

STT

Get informed when a big investor buys or sells

+ Follow
Market Cap$50.51B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
State Street Corp.State Street Corp.18.21.84%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.

Exclusive for Stockcircle Pro members

Sign upSign Up
$176.24

Target Price by Analysts

4.9% downsideState Street Target Price DetailsTarget Price
$296.15

Current Fair Value

59.9% upside

Undervalued by 59.9% based on the discounted cash flow analysis.

Share Statistics

Market cap$50.51 Billion
Enterprise Value$76.69 Billion
Dividend Yield$3.36 (1.84%)
Earnings per Share$9.55
Beta1.43
Outstanding Shares278,434,000

Return

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

Valuation & Multiples

P/E Ratio18.23P/E Ratio
PEG32.31PEG
Price to Sales1.97Price to Sales
Price to Book Ratio1.83Price to Book Ratio
Enterprise Value to Revenue2.91
Enterprise Value to EBIT23.41
Enterprise Value to Net Income14
Total Debt to Enterprise0.4
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
$3.55
Average shareholder expectation
Revenue Estimate
$3.99 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio0.0000 131.60%
Total Calls- 100.00%
Total Puts- 100.00%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %2.28% 89.11%
Total Invested$1.02B 96.83%
Investors Holding245 916.00%

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...

Relevant Senate Committees

Joint Committee on Taxation

This committee provides the official revenue estimates and technical analysis for all tax legislation. Its influence on corporate tax structures, capital investment credits, and the overall tax burden directly impacts corporate profitability, investment decisions, and capital markets, which are central to State Street's business and its clients.

Finance

This powerful committee controls taxation, trade, and entitlement spending, directly driving corporate valuations through tax policy and impacting major sectors like healthcare and retail. Its decisions have a profound and direct influence on the overall financial market and State Street's operating environment.

Agriculture, Nutrition, and Forestry

This committee oversees the CFTC and plays a key role in regulating the derivatives/futures market and classifying cryptocurrencies as digital commodities. These areas directly impact State Street's trading, asset management, and institutional offerings related to alternative assets and derivatives.

Banking, Housing, and Urban Affairs

This is the primary committee regulating the entire financial system, including the Fed, SEC, and cryptocurrency. Its decisions on bank capital requirements, financial regulations, and market oversight directly and profoundly impact State Street as a leading financial institution and institutional investor services provider.

Foreign Relations

This committee's actions on sanctions legislation directly impact global markets, international banking access, and investment strategies. As a global financial services provider with significant international operations and client investments, State Street is highly susceptible to shifts in U.S. foreign policy and sanctions regimes.