State Street Stock Outlook: Is Wall Street Bullish or Bearish?

Valued at a market cap of $29.1 billion, State Street Corporation (STT) provides a range of financial products and services to institutional investors. The Boston, Massachusetts-based company’s customers include providers of mutual funds, managers of collective investment funds and other investment pools, providers of corporate and public retirement plans, insurance companies, foundations, endowments, and investment managers.

Shares of this financial services company have outpaced the broader market over the past 52 weeks. STT has rallied 38.7% over this time frame, while the broader S&P 500 Index ($SPX) has gained 22.3%. However, on a YTD basis, the stock is up 1%, lagging behind SPX’s 4% rise.