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Stocks/Financials/Asset Management & Custody Banks

State StreetSTT

Asset Management & Custody Banks · Boston, Massachusetts · In the S&P 500
Solid business
$169.77−2.29%After hours: $169.70 (−0.04%)At the close, 30 Oct · Prices from CNBC, may be delayed
▲ 45.4% over 1 year
State Street over 1 yearDaily close, $, to 30 Oct 2026
$125$150Nov2026MarMayJulSep$169.77$150NovMarJul$169.77
Source: Nasdaq daily closes
Market value$46.19B
Price to earnings13.8x
Forward P/E11.6x
Dividend yield2.17%
Year to date+31.6%
One year+45.4%
Next earningsNot scheduled
SectorFinancials
52-week range (closes)
$112.84$194.26

Quality and valuation

How State Street compares with other financials stocks. A description, not a recommendation.

State Street and 7 asset management & custody banks peers. Across: valuation (P/E) against the sector. Up: business quality against the sector. Hover or tap a logo for its numbers.

Business quality: about averageValuation: in line with its sector

An average business among financials companies, priced about in line with them.

State Street trades at 11.6 times the next 12 months of expected earnings, against a median of 13.0x for the 84 financials stocks we cover. The quality score blends where it ranks on revenue growth, gross margin, operating margin and free-cash-flow margin (net margin for banks and insurers) over the last 12 months, from SEC filings.

  • Revenue grew faster than the sector median: +13.3% vs +10.2%
  • Turns less of its sales into cash: −24.1% vs 20.3%
  • Keeps more of its revenue as profit (net margin): 23.8% vs 20.7%
STT trades at 11.6x forward earnings, below the sector medianForward p/e, Asset Management & Custody Banks peers
AMP10.1xKKR11.4xSTT11.6xAPO12.0xBNY15.2xBLK19.1xBX19.3xARES20.2xSector median 13.0xAMP10.1xKKR11.4xSTT11.6xAPO12.0xBNY15.2xBLK19.1xBX19.3xARES20.2xSector median 13.0x
Source: CNBC quotes; Mostly Markets
At 13.9x earnings, STT is cheaper than its average since Oct 2024Price over the last 12 months of reported (GAAP) diluted EPS
P/EUsual range (±1 s.d.)
10x15xAverage 13.9x2025202613.9x10x15xAverage 13.9x2025202613.9x
Source: Nasdaq prices; SEC filings

Financials

From State Street's SEC filings, through the quarter ending 30 Sep 2026. Hover or tap a bar for its value.

Revenue grew 12.9% from a year earlierQuarterly revenue, $bn, latest Q3 ’26
$0bn$2bn$4bnQ4 ’24Q2 ’25Q4 ’25$4.0bnQ3 ’26$0bn$2bn$4bnQ4 ’24Q2 ’25Q4 ’25$4.0bnQ3 ’26
Source: SEC filings
Growth slowed to +12.9% last quarterRevenue growth, year on year, %
0%5%10%15%Q4 ’24Q2 ’25Q4 ’2512.9%Q3 ’260%10%Q4 ’24Q2 ’25Q4 ’2512.9%Q3 ’26
Source: SEC filings
Free cash flow was −$3.7 billion over 12 monthsQuarterly free cash flow (operating cash flow minus capex), $bn
$-10bn$0bnQ4 ’24Q2 ’25Q4 ’25$1.9bnQ3 ’26$-10bn$0bnQ4 ’24Q2 ’25Q4 ’25$1.9bnQ3 ’26
Source: SEC filings
Diluted EPS was $3.69 last quarterQuarterly diluted earnings per share, $
$0$1$2$3Q4 ’24Q2 ’25Q4 ’25$3.69Q3 ’26$0$2Q4 ’24Q2 ’25Q4 ’25$3.69Q3 ’26
Source: SEC filings
Last 12 monthsSTTSector median
Revenue growth+13.3%+10.2%
Free cash flow margin−24.1%20.3%
Price to earnings13.8x14.6x

Stories on State Street

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Similar companies

Asset Management & Custody Banks, by market value.

CompanyPriceTodayYTDValue
BLKBlackRock$1,147.54−2.44%+7.2%$186B
BXBlackstone$118.51−1.73%−23.1%$143B
BNYBNY Mellon$147.11−1.51%+26.7%$98.99B
KKRKKR$94.39−1.49%−26.0%$84.73B
APOApollo Global Management$115.84−2.29%−20.0%$68.41B
AMPAmeriprise Financial$490.83−1.42%+0.1%$43.36B
ARESAres Management$128.15+0.53%−20.7%$42.33B
NTRSNorthern Trust$169.16−2.17%+23.8%$30.64B