Entering text into the input field will update the search result below

State Street: A Financial Industry Anchor Sailing Strong

May 25, 2023 4:57 PM ETState Street Corporation (STT)
Albert Anthony profile picture
Albert Anthony
49 Followers

Summary

  • State Street continues to have healthy CET1 capital ratios.
  • The current stock price trend is in a buying range.
  • Their dividend is competitive among its sector peers.
  • Their revenue streams are highly diversified across multiple business segments.
  • Its current P/B ratio tips it into the undervalued range.

Boston, Massachusetts

Boston Harbor

DenisTangneyJr/E+ via Getty Images

Summary

My pick today from the financial sector I cover is State Street Corp (NYSE:STT), the 2nd oldest continually operating bank in the US with roots going back to 1792, headquartered

State Street - Q1 2023 Results - Capital Ratios

State Street - Q1 2023 Results - Capital Ratios (State Street)

State Street - Price Chart as of May 23

State Street - Price Chart as of May 23 (StreetSmart Edge trading platform)

State Street - 5 year dividend growth

State Street - 5 year dividend growth (Seeking Alpha)

State Street - Q1 2023 results - income statement

State Street - Q1 2023 results - income statement (State Street)

State Street - P/B Ratio - May 25

State Street - P/B Ratio - May 25 (Seeking Alpha)

SWRSX fund - allocation in State Street funds

SWRSX fund - allocation in State Street funds (Schwab Funds)

This article was written by

Albert Anthony profile picture
49 Followers
Albert Anthony is the pen name of an American tech and business columnist who writes for Seeking Alpha and Investing.com, covering the technology and financial sectors specifically. A native of the NYC area, his family roots are from coastal Croatia, and he has also called home the tech hub of Austin Texas for many years. He is also author of a new book on Amazon called Leadership and Management: 5 Steps to Increase Productivity (2023 Edition). Albert Anthony holds a B.A. from Drew University, and professional certifications from Microsoft, CompTIA, Corporate Finance Institute, and University of Virginia Darden School of Business. As an investor, he manages a family portfolio of capital assets through his firm Albert Anthony and Company, and he trades with his own capital. *Analyst Disclosure: The author does not hold any long or short positions in any company he is rating at the time of publishing the article, however he may hold long positions in similar companies in the same sector. The author is not a registered financial advisor or broker-dealer, and does not manage capital for others or provide personalized financial advice, and does not sell financial products or services. All analyst opinions are his own and not that of any prior or current employer, and not meant to be personalized financial advice but general market commentary and opinion, based on publicly available information and data. The author's analyses on this portal are limited to stocks and he does not cover or invest in crypto currencies, derivatives, bonds, or commodities.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Recommended For You

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.