CSIMarket
 

State Street Corp  (STT)
Other Ticker:  
 
    Sector  Financial    Industry Regional Banks
   Industry Regional Banks
   Sector  Financial

State Street's

Competitiveness


 

STT Sales vs. its Competitors Q1 2020



Comparing the current results to its competitors, State Street reported Revenue increase in the 1 quarter 2020 by 4.54 % year on year, while most of its competitors have experienced contraction in revenues by -3.28 %, achieved in the same quarter.

List of STT Competitors

With a net margin of 18.92 % State Street achieved higher profitability than its competitors.

More on STT Profitability Comparisons



Revenue Growth Comparisons




Net Income Comparison


State Street CorpNet Income in the 1 quarter 2020 grew year on year by 28.32%, while most of its competitors have experienced a contraction in net income by -83.73 %.

<<  STT Stock Performance Comparisons


State Street's Comment on Competitors and Industry Peers


We operate in a highly competitive environment and face global competition in all areas of our business. Our competitors include a broad range of financial institutions and servicing companies, including other custodial banks, deposit-taking institutions, investment management firms, insurance companies, mutual funds, broker/dealers, investment banks, benefits consultants, business service and software companies and information services firms. As our businesses grow and markets evolve, we may encounter increasing and new forms of competition around the world.

We believe that many key factors drive competition in the markets for our business. For Investment Servicing, quality of service, economies of scale, technological expertise, quality and scope of sales and marketing, required levels of capital and price drive competition, and are critical to our servicing business. For Investment Management, key competitive factors include expertise, experience, availability of related service offerings, quality of service and performance, and price.