State Street Corp.

State Street Corp.

STT

Market Cap$28.63B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
State Street Corp.State Street Corp.13.92.92%8%1.51.3

Earnings Call Q4 2024

January 22, 2025 - AI Summary

Net Interest Income (NII) Guidance: State Street expects steady NII performance impacted by deposit mix, levels, and rate environment. While facing headwinds from noninterest-bearing deposits and expected rate cuts in various currencies, tailwinds such as loan growth (14% year-over-year) and investment portfolio rollovers (200-250 basis points pickup) mitigate these concerns, maintaining an outlook for NII to remain within the $230 million to $240 million range.
Core Fee Growth Rate Forecast: The company projects a 3% to 5% net fee growth for 2025, tempered by headwinds from the BlackRock roll-off (1%) and currency effects (another 1%). However, long-term prospects remain strong with expectations for 5% to 7% growth driven by continued investments in servicing quality, technology, and a restructured sales force, indicating resilience despite external challenges.
Private Markets Loan Growth and Risk Management: The portfolio growth focused primarily on private markets lending (approximately 14% growth) is supported by favorable client relationships and a robust underwriting process. Loans are mainly for alternative funds and insurance companies, reflecting a commitment to understanding and managing risk effectively within this sector.

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$121.50

Target Price by Analysts

20.9% upsideState Street Target Price DetailsTarget Price
$-64.20

Current Fair Value

163.9% downside

Overvalued by 163.9% based on the discounted cash flow analysis.

Share Statistics

Market cap$28.63 Billion
Enterprise Value$61.67 Billion
Dividend Yield$2.9 (2.92456635740218%)
Earnings per Share$9.02
Beta1.45
Outstanding Shares297,365,000

Return

Return on Equity-
Return on Assets-
Return on Invested Capital-

Valuation & Multiples

P/E Ratio13.95
PEG19.11
Price to Sales1.55
Price to Book Ratio1.17
Enterprise Value to Revenue3.17
Enterprise Value to EBIT66.89
Enterprise Value to Net Income29
Total Debt to Enterprise0.54
Debt to Equity1.28

Revenue Sources

No data

Insider Trades

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...