Do Not Take Profits On State Street, Despite Its Impressive Rally

State Street Corporation is reaffirmed as a Buy thanks to robust earnings growth and attractive valuation, despite a 107% total return since late 2022. STT posted 39% YoY adjusted EPS growth and 15% fee revenue growth, consistently exceeding analyst estimates for at least 20 quarters. With a forward P/E of 11.9x and analyst EPS growth forecasts of 18% (2026), 11% (2027), and 14% (2028), STT offers 26% upside plus a 2.3% dividend yield.