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State Street Corporation is currently in a long term uptrend where the price is trading 7.1% above its 200 day moving average.
From a valuation standpoint, the stock is 68.0% cheaper than other stocks from the Financial Services sector with a price to sales ratio of 2.9.
State Street Corporation's total revenue rose by 7.6% to $3B since the same quarter in the previous year.
Its net income has dropped by 4.8% to $537M since the same quarter in the previous year.
Finally, its free cash flow grew by 263.2% to $3B since the same quarter in the previous year.
Based on the above factors, State Street Corporation gets an overall score of 4/5.
CurrencyCode | USD |
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Industry | Asset Management |
ISIN | US8574771031 |
Sector | Financial Services |
Exchange | NYSE |
Market Cap | 26B |
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Beta | 1.61 |
Dividend Yield | 3.2% |
Target Price | 90.29 |
PE Ratio | 10.88 |
State Street Corporation, through its subsidiaries, provides a range of financial products and services to institutional investors worldwide. The company offers investment servicing products and services, including custody, accounting, regulatory reporting, investor, and performance and analytics; middle office products, such as IBOR, transaction management, loans, cash, derivatives and collateral, record keeping, and client reporting and investment analytics; foreign exchange, and brokerage and other trading services; securities finance and enhanced custody products; deposit and short-term investment facilities; loans and lease financing; investment manager and alternative investment manager operations outsourcing; performance, risk, and compliance analytics; and financial data management to support institutional investors. It also engages in the provision of portfolio management and risk analytics, as well as trading and post-trade settlement services with integrated compliance and managed data. In addition, the company offers investment management strategies and products, such as core and enhanced indexing, multi-asset strategies, active quantitative and fundamental active capabilities, and alternative investment strategies. Further, it provides services and solutions, including environmental, social, and governance investing; defined benefit and defined contribution; and global fiduciary solutions, as well as exchange-traded funds under the SPDR ETF brand. The company provides its products and services to mutual funds, collective investment funds and other investment pools, corporate and public retirement plans, insurance companies, foundations, endowments, and investment managers. State Street Corporation was founded in 1792 and is headquartered in Boston, Massachusetts.
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