An entry written while the outcome is still unknown. It will be scored by what the market does next, and it will never be edited to look cleverer than it was.
In plain words · State Street Corporation provides various financial products and services to institutional investors.
VERDICT
The label
Markup
read at $184.66
State Street Corporation holds its Markup at $184.66.
PHPhase · the trend structure carries the Markup label
INInsiders · no filings inside 60 days, left as found
POPositioning · no disclosures inside 60 days, left as found
OPOptions · no verdict drawn today, left as found
SCScreen · does not pass the values gate
edge confirmed
edge broken
edge forming
Each arm is one independent read. Conviction is not a single call, it is how many edges converge.
INVESTOR
The investor read · the season, not the day
As held on the ledger · 2026-07-27
Phase
Markup
Quantitative state
The statistical read favours the buyers, held for 88 days
Price
$184.66
Valuation
16.30 trailing · 12.11 forward price to earnings
Values screen
FAIL· score 10.0
Beta
1.43
OPPORTUNITY
The opportunity · what the numbers say it is worth
Our framework reads AVOID — it trades at roughly a 16% discount to our $214.37 fair value, moderate competitive moat.
Read at
$184.66
16.30 P/E · 12.11 fwd
Our fair value
$214.37
16% discount
Analyst target (avg)
$200.00
+8% to current
Target low $150.00Analyst target rangeTarget high $215.00
▲ current $184.66 · | average target
Price history & projections · where it has been, where the models see it going
The valuation journey · where the price sits against fair value and the Street
Current
$184.66
you are here
Conservative
$171.55
-7%
Analyst avg
$200.00
+8%
Our fair value
$214.37
+16%
Analyst high
$215.00
+16%
Green marks levels above today's price, red below; the shaded band is the gap between the price and our fair value.
Reading the gap · Both our model and the analysts see meaningful upside from here.
Revenue growth
-2.80%
Profit margin
23.01%
Analyst consensus
Buy · 14 covering
Fair value and rating are our own model estimates; target range reflects third-party analyst estimates. Analysis, not advice.
SCREEN
The values screen, explained · five checks, plain English
Does not pass. Business activity screen
Business activityBusiness activity: Financials sectorFail
Every security is read against two recognised standards: our stricter asset-based screen (ratios measured against total assets) and the more widely used market-value standard (measured against market capitalisation). Where they agree we say so plainly; where they part ways — almost always on the debt check — we show both readings and mark it, because that disagreement is the finding, not a fault. We report the score; you and your scholar make the call.
PLAIN
The business, in plain words · what the numbers mean
Custody bank stumbles on its own ethics test
Picture the quiet back office that keeps pension funds and asset managers in working order across the globe. State Street sits right there, handling custody and administration for trillions in assets. The numbers look steady enough on paper, yet the story stops before it starts.
We pass outright. Revenue is already shrinking 3 percent, the forward multiple sits at 12.1 times, and return on equity barely clears 12 percent. None of that would matter if the business cleared our ethical screen, but it does not. The activity screen flags it, and that single failure overrides any margin of safety to our fair value of 212.
Analysts still cluster around a buy rating with targets near 198, yet they ignore the ethical line entirely. A moderate moat offers little protection when core activity itself is disqualified. Analysis, not advice.
Screened names in the same industry · explore each on its own page.
TRADE
Where & how to trade · wherever in the world you are
STT trades on a US exchange. As a US-listed security it is accessible through almost any international broker offering US markets. New to this, or investing from outside the US? Our guide to accessing global markets covers brokers, currencies and the practical steps.
TRADER
The trader read · the latest dated commentary
The framework reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it A, carrying a low risk profile. Technically it is holding around 27% above its long-term trend line with momentum reading overbought. Over the past year the shares are up 68%. Our forward projection puts the odds of a 10% gain over the next month near 30%. The street (14 analysts) rates it buy, with a mean price target of $161. Entered 2026-07-18 · Accumulation
JOURNAL
The dated journal · newest first, never edited
2026-07-18Accumulation$161.75+0.0%Entry 3
The framework reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it A, carrying a low risk profile. Technically it is holding around 27% above its long-term trend line with momentum reading overbought. Over the past year the shares are up 68%. Our forward projection puts the odds of a 10% gain over the next month near 30%. The street (14 analysts) rates it buy, with a mean price target of $161.
2026-07-03Accumulation$161.75+0.0%Entry 2
The framework reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows excellent risk-adjusted returns.
2026-07-02Accumulation$161.75Entry 1
The framework reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows excellent risk-adjusted returns.
Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.
