State Street: A Wonderful Company You've Never Considered

State Street Corporation is a global asset custodian and ETF provider, benefiting from robust market and economic expansion. STT reported Q1 2026 revenue up 15.6% YoY and adjusted EPS up 39.2%, both exceeding consensus estimates. With a forward P/E of 12 and projected 13.7% annual EPS growth through 2028, STT trades at a discount to its $156 fair value estimate.