CluenexState Street Corporation STT
State Street Corporation scores average on business quality (4.5 of 10). Here is why, in plain words, and what our sealed record shows.
Why it matters
- What State Street Corporation does
State Street generates revenue by providing custodial, asset servicing, and investment management services to institutional investors globally, collecting fees on massive pools of client assets. Growth initiatives focus on scaling digital custody platforms and expanding recurring fee streams to offset volatile net interest income.
- What it does best
State Street dominates global custody for institutional asset managers, securing assets through deeply entrenched operational workflows. Its scale allows it to service trillions in assets, though its revenue growth of 7.3% lags peers like BlackRock at 18.7%.
- The main risk
High debt-to-equity of 1.07 exposes the balance sheet to funding cost pressures if institutional deposit betas rise unexpectedly, threatening net interest margins.
Quality, check by check
Scored against its own industry, from company filings.
Net margin sits at 21.4% with an ROE of 12.4%, showing moderate profitability that struggles to expand efficiently with scale due to high ongoing technology and debt servicing costs.
The institutional custody model locks in massive asset pools through complex operational integration, earning a bottom-quartile sector rank in ROE of 37th percentile that limits wide-moat economics.
Revenue grew 7.3% to reach $15.1B, showing a steady recovery compared to prior historical volatility.
Total debt sits at $29.8B alongside a debt-to-equity ratio of 1.07, while free cash flow reached $2.0B, reflecting a softer financial footing.
Insiders
Executives and directors, from SEC Form 4 filings we read ourselves. Open market trades only; grants, option exercises and pre-planned sales left out.
1 sold $91K outside pre-planned sales.
Our sealed record on STT
Verdicts appear here 30 days after we publish them; members see today's. Each one is in the nightly ledger, fingerprinted the night it was made.
The first sealed verdicts appear here on Oct 11, 2026.
Questions
State Street Corporation scores average on the Cluenex quality check (4.5 of 10), measured against its own industry. Profitability is weak, moat weak, growth slow and financial health fair.
In the last 90 days of SEC Form 4 filings: 1 sold $91K outside pre-planned sales.
Oct 14, 2026, before the open.
See STT today
- Today's verdict on STT, and why
- Fair value with cautious, base and optimistic cases
- The exact price that would change the verdict
- Which stocks each signal names, the night it fires
Cite this page: Cluenex, “State Street Corporation (STT)”, https://cluenex.com/stocks/stt/, data as of Oct 10, 2026.