# State Street Corporation (STT) — Stock CV

State Street Corporation is a $48.1B financial services company. Revenue grew 12.3% over the last year, and it keeps 23¢ of every dollar of sales as profit. It trades at 13.9× earnings — near the highest of its own history.

> State Street is a leading provider of financial services, including investment servicing, investment management, and investment research and trading. With approximately $54 trillion in assets under custody and administration, and $5.7 trillion in assets under management, as of Dec.

## Identity

- **Ticker**: STT
- **Sector**: Financial Services
- **Industry**: State Commercial Banks
- **Headquarters**: BOSTON, MA
- **Employees**: 50 596
- **Website**: https://www.statestreet.com
- **Market cap**: $48.1B
- **Last price**: $174.96
- **Financial profile**: Strained

## Vitals (TTM)

- **Revenue**: $15.1B
- **Net income**: $3.46B
- **Free cash flow**: $2.02B
- **P/E**: 13.9
- **Revenue growth (YoY)**: 12.3%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 47 |
| Growth | 36 |
| Profitability | 69 |
| Health | 25 |
| Quality | 80 |
| Moat | 35 |

## Qualifications (beginner checklist) — 9 of 10 passed

- [x] Revenue growing — +12.3% YoY
- [x] Profitable — $3.46B TTM
- [x] Profit growing — +10.8% YoY
- [x] Generates cash — $2.02B TTM
- [x] Established company — $48.1B market cap
- [x] Not printing shares — -19.1% shares over ~5y
- [x] Proven track record — 10/10 profitable years
- [ ] Financially stable — health score 25/100
- [x] Pays a dividend — yield 2.40%
- [x] Valuation not extreme — P/E 13.9

## Experience (career milestones)

- **FY2025** — Best year on record: $2.94B net income
- **2025** — State Street agreed to acquire Mizuho Financial Group's global custody and related business…
- **2018** — State Street completed its acquisition of Charles River Development, a Burlington, Massachusetts provider…
- **FY2016** — Profitable every year on record: 10 consecutive profitable years in our data
- **FY2016** — Revenue already above $10B: $10.2B in first reported year
- **2016** — State Street launched a program called Beacon, focused on cutting costs and improving reporting technology
- **2008** — The United States Department of the Treasury invested $2 billion in the company as part of the…
- **2007** — The company acquired Investors Bank & Trust for $4.5 billion
- **2003** — The company acquired the securities services division of Deutsche Bank for $1.5 billion
- **1990** — State Street Bank Luxembourg was founded, and was the largest player in the country's fund industry by assets
- **1966** — The company completed construction of the State Street Bank Building, a new headquarters building, the…
- **1955** — The company merged with Second National Bank in 1955 and with the Rockland-Atlas National Bank in 1961
- **1924** — It became the custodian of the first U.S. mutual fund in 1924, the Massachusetts Investors Trust (now MFS Investment…

## Strengths

- Strongly profitable — 23.0% net margin
- Revenue growing 12.3% year over year

## Watch-outs

- None stand out in the data.

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $12.0B | $2.69B | -$7.52B |
| FY2022 | $12.1B | $2.77B | $11.2B |
| FY2023 | $11.9B | $1.94B | -$126M |
| FY2024 | $13.0B | $2.69B | -$14.1B |
| FY2025 | $13.9B | $2.94B | $10.8B |

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Source: https://stockcv.com/STT — derived from company filings; may be delayed or incomplete. Information, not investment advice.