State Street Q1 Results: Macro Tailwinds Justify The Rally

State Street (STT) has rebounded 80% over the past year, driven by a low-risk model, operational efficiency, and rising markets. Q1 results exceeded expectations with $2.84 EPS and 16% revenue growth, supported by strong asset inflows and expanding margins. STT's balance sheet remains robust, with a CET1 ratio of 10.6%, limited credit risk, and ongoing buybacks and a secure 2.4% dividend yield.