STT Stock Summary and Trading Ideas (State Street | NYSE:STT)

State Street is a leading provider of financial services, including investment servicing, investment management, and investment research and trading. With approximately $42 trillion in assets under custody and administration and $4.1 trillion assets under management as of Dec. 31, 2023, State Street operates globally in more than 100 geographic markets and employs more than 46,000 worldwide.

State Street trades on the NYSE stock market under the symbol STT.

As of April 16, 2024, STT stock price declined to $73.56 with 639,808 million shares trading.

STT has a beta of 0.96, meaning it tends to be less sensitive to market movements. STT has a correlation of 0.20 to the broad based SPY ETF.

STT has a market cap of $22.18 billion. This is considered a Large Cap stock.

Last quarter State Street reported $3 billion in Revenue and $1.69 earnings per share. This beat revenue expectation by $78 million and exceeded earnings estimates by $.19.

In the last 3 years, STT stock traded as high as $104.87 and as low as $58.62.

The top ETF exchange traded funds that STT belongs to (by Net Assets): VTI, VOO, VO, SPY, IVV.

STT has underperformed the market in the last year with a price return of -4.7% while the SPY ETF gained +23.9%. STT has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -3.0% and -4.8%, respectively, while the SPY returned +6.1% and -3.5%, respectively.

STT support price is $73.89 and resistance is $75.97 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that STT stock will trade within this expected range on the day.