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Boston, Massachusetts-based State Street Corporation (STT) is a financial services company that specializes in serving institutional investors. Valued at a market cap of $33.4 billion, the company offers investment servicing, investment management, and brokerage/trading solutions.
Shares of this asset management company have outperformed the broader market over the past 52 weeks. STT has soared 27.2% over this time frame, while the broader S&P 500 Index ($SPX) has gained 14.5%. Moreover, on a YTD basis, the stock is up 23.4%, compared to SPX’s 16.5% return.