State Street Corporation (STT) Stock

About State Street Corporation

State Street Corporation (STT) is a well-established global financial services firm that delivers a wide array of financial products and specialized services to institutional investors worldwide. The company's extensive offerings include core investment servicing functionalities such as secure asset custody, detailed product accounting, daily valuation, comprehensive administration, master trust and master custody arrangements, and specific depotbank services. It also manages record-keeping, cash, foreign exchange, brokerage, and various trading activities. Further services in this area encompass securities finance, advanced custody solutions, deposit and short-term investment facilities, as well as loan and lease financing. State Street additionally provides operational outsourcing for both traditional and alternative investment managers, complemented by sophisticated analytics for performance, risk, and compliance, along with financial data management. Beyond servicing, the firm offers capabilities in portfolio management and risk analysis, supporting trading and post-trade settlement processes with built-in compliance features and managed data solutions. Its investment management division provides a diverse range of strategies and products. These span core and enhanced indexing, multi-asset class approaches, active quantitative and fundamental management, and various alternative investment strategies. State Street is also a proponent of environmental, social, and governance (ESG) investing, offers solutions for defined benefit and defined contribution plans, and provides global fiduciary expertise, including its prominent SPDR brand of exchange-traded funds (ETFs). State Street's client roster is broad, serving mutual funds, collective investment vehicles, other investment pools, corporate and public retirement plans, insurance companies, foundations, endowments, and other investment managers. With roots dating back to its founding in 1792, State Street Corporation is headquartered in Boston, Massachusetts.

State Street Corporation is led by CEO Ronald Philip O'Hanley, employs 52,711 people, headquartered in Boston, US, publicly traded since 1980.

State Street Corporation (STT) stock trades at $184.68 with a market capitalization of $51.11B. The stock is valued at a price-to-earnings (P/E) ratio of 16.04, price-to-book of 1.51, price-to-sales of 1.86. Over the past 52 weeks the stock has ranged between $99.00 and $189.08, and currently trades 2.3% below its 52-week high. It pays a dividend yielding 2.18%.

On profitability, State Street Corporation generates a return on equity (ROE) of 10.58%, return on capital employed of 13.40%, an operating margin of 16.49%, a net profit margin of 13.47%.

In its most recent fiscal year, State Street Corporation reported annual revenue of $22.6B, net profit of $2.9B, revenue has compounded at 13.4% a year over the last five years, profit at 4.0% a year.

The balance sheet shows a debt-to-equity ratio of 1.09, a current ratio of 0.68, total assets of $366.0B, $131.4B in cash and equivalents.

STT has an average daily trading volume of 2,835,562.1 shares, a beta of 1.45 (more volatile than the overall market).

Official website: www.statestreet.com