State Street Corp Stock Today
STT Stock | USD 73.04 0.23 0.32% |
Performance0 of 100
| Odds Of DistressLess than 5
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State Street is selling for under 73.04 as of the 19th of April 2024; that is 0.32 percent increase since the beginning of the trading day. The stock's last reported lowest price was 72.54. State Street has under 5 % chance of experiencing financial distress over the next 2 years, but has generated negative returns over the last 90 days. Equity ratings for State Street Corp are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 20th of March 2024 and ending today, the 19th of April 2024. Click here to learn more.
Business Domain Financial Services | IPO Date 9th of July 1986 | Classification Financials |
State Street Corporation, through its subsidiaries, provides a range of financial products and services to institutional investors worldwide. State Street Corporation was founded in 1792 and is headquartered in Boston, Massachusetts. State Street operates under Asset Management classification in the United States and is traded on New York Stock Exchange. The company has 301.5 M outstanding shares of which 2.38 M shares are at this time shorted by investors with about 1.03 days to cover. More on State Street Corp
Moving together with State Stock
0.73 | BK | Bank of New York Financial Report 16th of July 2024 | PairCorr |
0.68 | GS | Goldman Sachs Group Financial Report 17th of July 2024 | PairCorr |
Follow Valuation Options Odds of Bankruptcy
Financial Report 12th of July 2024
State Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. State Street's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding State Street or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary, State Street's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to State Street's managers, analysts, and investors.
Environment Score | Governance Score | Social Score |
CEO | Cyrus Taraporevala | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Thematic Idea | FinTech (View all Themes) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Old Names | [SEAGATE TECHNOLOGY , SEAGATE TECHNOLOGY - Dusseldorf Stock Exchang, STATE STREET, SEAGATE TECHNOLOGY (STT.SG), STATE STREET - Frankfurt Stock Exchang, Saigontourist Transport Corp] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Business Concentration | Asset Management & Custody Banks, Financial Services, NYSE Composite, SP 500 Index, KBW Bank, FinTech, Financials, Capital Markets, Asset Management, Financial Services (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average Analyst Recommendation Analysts covering State Street report their recommendations after researching State Street's financial statements, talking to executives and customers, or listening in on State Street's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering State Street Corp. The State consensus assessment is calculated by taking the average forecast from all of the analysts covering State Street. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial Strength Based on the key indicators related to State Street's liquidity, profitability, solvency, and operating efficiency, State Street Corp may be sliding down financialy. It has an above-average probability of going through some form of financial hardship next quarter. Financial strength of State Street Corp is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
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State Street's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to State Street's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. State Street's bond ratings measure its overall creditworthiness, which in many ways corresponds to the cost of borrowing for an issuer. These ratings assign a letter grade to all of State Street's outstanding corporate bonds that indicate their credit quality. We use reports published by private self-sufficient rating services such as Standard & Poor's or Fitch Ratings Inc. to evaluate a bond issuer's financial strength or its ability to pay a bond's principal and interest. Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand State Street's financial leverage. It provides some insight into what part of State Street's total assets is financed by creditors.
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State Street Corp (STT) is traded on New York Stock Exchange in USA. It is located in One Congress Street, Boston, MA, United States, 02114-2016 and employs 42,786 people. State Street is listed under Asset Management & Custody Banks category by Fama And French industry classification. The company currently falls under 'Large-Cap' category with a total capitalization of 22.02 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate State Street's market, we take the total number of its shares issued and multiply it by State Street's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. State Street Corp runs under Capital Markets sector within Financials industry. The entity has 301.5 M outstanding shares of which 2.38 M shares are at this time shorted by investors with about 1.03 days to cover.
State Street Corp has about 115.12 B in cash with 690 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 313.74.
Check State Street Probability Of Bankruptcy
Ownership AllocationState Street Corp shows a total of 301.5 Million outstanding shares. The majority of State Street Corp outstanding shares are owned by institutional holders. These institutional investors are usually referred to as non-private investors looking to take positions in State Street to benefit from reduced commissions. Consequently, institutions are subject to a different set of regulations than regular investors in State Street Corp. Please pay attention to any change in the institutional holdings of State Street Corp as this could imply that something significant has changed or is about to change at the company. Please note that no matter how many assets the company owns, if the real value of the company is less than the current market value, you may not be able to make money on it.
Check State Ownership Details
State Stock Price Odds Analysis
Attributed to a normal probability distribution, the odds of State Street jumping above the current price in 90 days from now is about 59.6%. The State Street Corp probability density function shows the probability of State Street stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon State Street has a beta of 0.8877. This usually implies State Street Corp market returns are related to returns on the market. As the market goes up or down, State Street is expected to follow. Additionally, state Street Corp has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of State Street to move above the current price in 90 days from now is about 59.6 (This State Street Corp probability density function shows the probability of State Stock to fall within a particular range of prices over 90 days) .
State Stock Institutional Holders
Institutional Holdings refers to the ownership stake in State Street that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of State Street's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing State Street's value.Instituion | Recorded On | Shares | |
Northern Trust Corp | 2023-12-31 | 4.2 M | |
Morgan Stanley - Brokerage Accounts | 2023-12-31 | 4 M | |
Cooke & Bieler Lp | 2023-12-31 | 3.8 M | |
Lsv Asset Management | 2023-12-31 | 3.7 M | |
Metropolis Capital Ltd | 2023-12-31 | 3.5 M | |
Yacktman Asset Management Co | 2023-12-31 | 3.4 M | |
Amundi | 2023-12-31 | 3.4 M | |
Goldman Sachs Group Inc | 2023-12-31 | 2.9 M | |
Hotchkis & Wiley Capital Management Llc | 2023-12-31 | 2.9 M | |
Vanguard Group Inc | 2023-12-31 | 37.1 M | |
Blackrock Inc | 2023-12-31 | 24.9 M |
State Street Historical Income Statement
State Street Corp Income Statement is one of the three primary financial statements used for reporting State's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of State Street Corp revenue and expense. State Street Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, State Street's Net Income From Continuing Ops is comparatively stable compared to the past year. Interest Income is likely to gain to about 8.8 B in 2024, whereas Net Income is likely to drop slightly above 1.1 B in 2024. View More FundamentalsState Stock Against Markets
Picking the right benchmark for State Street stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in State Street stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for State Street is critical whether you are bullish or bearish towards State Street Corp at a given time. Please also check how State Street's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in State Street without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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State Street Corporate Directors
State Street corporate directors refer to members of a State Street board of directors. The board of directors generally takes responsibility for the State Street's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of State Street's board members must vote for the resolution. The State Street board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.William Freda | Independent Director | Profile | |
Sean OSullivan | Independent Director | Profile | |
Ronald Skates | Independent Director | Profile | |
William Meaney | Independent Director | Profile |
How to buy State Stock?
Before investing in State Street, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in State Street. To buy State Street stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of State Street. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase State Street stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located State Street Corp stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased State Street Corp stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as State Street Corp, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy State Stock please use our How to Invest in State Street guide.
Already Invested in State Street Corp?
The danger of trading State Street Corp is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of State Street is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than State Street. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile State Street Corp is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether State Street Corp is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if State Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about State Street Corp Stock. Highlighted below are key reports to facilitate an investment decision about State Street Corp Stock: Check out World Market Map to better understand how to build diversified portfolios, which includes a position in State Street Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.
Complementary Tools for State Stock analysis
When running State Street's price analysis, check to measure State Street's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy State Street is operating at the current time. Most of State Street's value examination focuses on studying past and present price action to predict the probability of State Street's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move State Street's price. Additionally, you may evaluate how the addition of State Street to your portfolios can decrease your overall portfolio volatility.
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Is State Street's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of State Street. If investors know State will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about State Street listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.1) | Dividend Share 2.7 | Earnings Share 5.43 | Revenue Per Share 38.242 | Quarterly Revenue Growth 0.018 |
The market value of State Street Corp is measured differently than its book value, which is the value of State that is recorded on the company's balance sheet. Investors also form their own opinion of State Street's value that differs from its market value or its book value, called intrinsic value, which is State Street's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because State Street's market value can be influenced by many factors that don't directly affect State Street's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between State Street's value and its price as these two are different measures arrived at by different means. Investors typically determine if State Street is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, State Street's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.