State Street (STT)
Provides institutions with global custody, investment technology, trading services and SPDR ETFs.
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Provides custody, fund administration, trading, securities finance and front-to-back investment technology to institutions, while State Street Investment Management earns fees from SPDR ETFs, indexed strategies and active mandates. Revenue is predominantly fee-based and varies with serviced and managed asset levels, market values, transaction volumes and client mandates.
Provides investment servicing to institutions across the Americas, Europe, the Middle East and Asia-Pacific. Investment Servicing covers custody, fund accounting and administration, middle-office outsourcing, foreign exchange, securities finance and front-office software; State Street Alpha connects these workflows with Charles River technology.
Investment Management, renamed from State Street Global Advisors, offers indexed and active strategies, custom mandates and SPDR exchange-traded funds. Most revenue comes from fees, supplemented by interest income.
Fees vary with serviced and managed asset levels, security values, transaction volumes and client mandate changes. Long-term servicing contracts carry conversion, technology and pricing commitments. Operates as a bank holding company designated a global systemically important bank, with added capital and regulatory requirements.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Jul 20, 2026 | Evercore ISI | Target | Target: $186 | Target: $200 |
| Jul 17, 2026 | Truist Financial | Target | Target: $150 | Target: $191 |
| Jul 17, 2026 | Morgan Stanley | Reiterate | Rating: —Target: $183 | Target: $195 |
| Jul 17, 2026 | Barclays | Reiterate | Rating: —Target: $165 | Target: $200 |
| Jul 6, 2026 | Evercore ISI | Reiterate | Rating: —Target: $158 | Target: $186 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $4.29B · Total debt $30.47B · Total assets $418.38B · Shareholders' equity $28.27B
- Revenue
- $6.03B
- Operating income
- $1.39B
- Net income
- $1.08B
HistoryDividendAnnual yieldUpcoming
| Institutions | 92.34% | 253.67M shares | |
|---|---|---|---|
| 1,294 holders · as of Jun 30, 2026 | |||
| Insiders | 0.56% | 1.54M shares | |
| 32 holders · as of Sep 21, 2026 | |||
| Other | 7.10% | 19.50M shares | |
| remainder | |||
274.70M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 8.88% | 24.41M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 6.41% | 17.60M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 5.36% | 14.73M | as of Jun 30, 2026 |
FMR LLCInstitution | 5.06% | 13.91M | as of Jun 30, 2026 |
State Street CorpInstitution | 4.93% | 13.54M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 3, 2026 | Elizabeth Schaefer | officer: SVP, Chief Accounting Officer | −500 | $181.19 |
| Jul 24, 2026 | W. Bradford Hu | officer: EVP and Chief Risk Officer | −9,758 | $184.52 |
| Jul 21, 2026 | Hanley Ronald P. O. | director, officer: Chairman, CEO and President | −14,553 | $184.17 |
| Jul 21, 2026 | Kathryn M. Horgan | officer: Executive Vice President | −5,523 | $184.17 |
| Jun 11, 2026 | Kathryn M. Horgan | officer: Executive Vice President | −5,500 | $162.78 |
- BlackRock
Dual rival: iShares vs SPDR in ETFs; Aladdin vs Alpha in investment platforms.
- JPMorgan Chase
Third-largest global custodian (US$41T AUC); record revenue of US$5.1B in 2024.
- Citi
Fourth-largest custodian (US$31T AUC); 63-market proprietary network.
- Northern Trust
Sixth-largest custodian (US$18.7T AUC); BBH final-bid rival; pension focus.
- HSBC (ADR)
Seventh-largest custodian (US$15.5T AUC); Asia-Pacific custody leader.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| State Street | $177.29 | −3.86% | $51.04B | 16.3 | 12.3 | 2.2 | −30.2% |
| BlackRock | $1,072.69 | −1.61% | $168.99B | 26.1 | 18.0 | 6.2 | +30.6% |
| JPMorgan Chase | $340.32 | −3.33% | $943.29B | 15.2 | 14.1 | 3.2 | +27.8% |
| Citi | $131.39 | −2.71% | $231.60B | 14.6 | 11.3 | 1.3 | +14.3% |
| Northern Trust | $173.22 | −3.20% | $32.74B | 15.4 | 14.6 | 2.2 | −24.9% |
| HSBC (ADR) | $101.31 | −1.84% | $354.70B | 14.9 | 11.6 | 2.6 | +32.2% |
| Median | 15.2 | 14.1 | 2.6 | +27.8% |