Strong Finish to the Year for State Street, With Guidance Beats All Around
Wide-moat-rated State Street reported solid fourth-quarter results, and we are increasing our fair value estimate to $107 per share from $100. The tailwind of higher global markets, along with new business wins, continued to spur growth in assets under management and assets under custody for State Street, with year-over-year growth of 13% and 15%, respectively. While markets don’t usually go up forever, 2018 appears poised to be another strong year for market, and by extension, State Street. We ...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
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