State Street Expands Partnership with Thornburg Investment Management
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 09 2026
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Should l Buy STT?
Source: Newsfilter
- Long-standing Partnership: State Street's relationship with Thornburg Investment Management, which began in 1987, has now expanded to include comprehensive ETF servicing for Thornburg's new share classes, reflecting a solid foundation of trust and collaboration in the financial services sector.
- Market Innovation Drive: This expansion positions State Street as the second provider in the U.S. to service active ETF share classes, highlighting the growing demand for flexibility among active managers in how they deliver their strategies, thereby reinforcing State Street's leadership in the global ETF services market.
- Asset Management Scale: As of March 31, 2026, Thornburg manages approximately $57 billion in client assets, while State Street boasts $53.8 trillion in assets under custody and management, showcasing the formidable strength and market influence of both firms in the asset management landscape.
- Client Demand Response: The introduction of Thornburg's ETF share classes aims to meet investor demand for choice and flexibility in accessing active strategies, with State Street's support enabling Thornburg to better adapt to market changes and enhance client experience and investment outcomes.
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Analyst Views on STT
Wall Street analysts forecast STT stock price to fall
12 Analyst Rating
7 Buy
4 Hold
1 Sell
Moderate Buy
Current: 150.180
Low
128.00
Averages
142.27
High
168.00
Current: 150.180
Low
128.00
Averages
142.27
High
168.00
About STT
State Street Corporation is a financial holding company. The Company, through its subsidiary, State Street Bank and Trust Company (State Street Bank), provides a range of financial products and services to institutional investors. It operates through two lines of business: Investment Servicing and Investment Management. Its Investment Servicing line of business provides a range of services and market and financing solutions to institutional clients, including mutual funds, collective investment funds and other investment pools, corporate and public retirement plans, insurance companies, investment managers, foundations and endowments worldwide. Through State Street Investment Services, State Street Markets and State Street Alpha, it offers a range of solutions, including transaction management, derivatives, collateral services, and others. Investment Management line of business provides a range of investment management solutions and products through State Street Investment Management.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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See More
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- Gold Price Outlook: The firm anticipates that gold prices will rise to $5,445 per ounce in the coming months, suggesting a 13% upside from the current price of $4,830, indicating a potential increase in demand for safe-haven assets.
- Portfolio Diversification: The SPDR Gold Shares ETF offers a convenient way to invest in gold, as it is more liquid and does not require physical storage, making it suitable for diversification during geopolitical tensions and macroeconomic uncertainties.
- Economic Growth vs. Gold Performance: Despite gold's poor performance in 2026, with a 19% drop, Goldman Sachs and other institutions remain optimistic about its future, suggesting that gold's safe-haven attributes may re-emerge in the context of strong economic growth.
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See More
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- Profitability Improvement: The adjusted EPS of $2.84 exceeded analysts' estimates of $2.64 by 7.5%, showcasing the company's ability to enhance profitability amidst market volatility, thereby boosting investor confidence.
- Digital Transformation: Continued investments in AI and digital asset platforms are expected to drive new revenue growth and operational efficiency, particularly in the expansion of wealth management and ETF offerings.
- Expense Management: Although expenses rose by 9% year-on-year, most were revenue-related, and the company effectively offset this through productivity gains and headcount optimization, demonstrating strong cost control capabilities.
See More
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- Asset Management Innovation: Assets Under Management (AUM) rose 20% year-over-year to $5.6 trillion, reflecting the company's advancements in digital finance, including asset tokenization and the launch of a digital asset platform, enhancing future growth potential.
- Operational Efficiency Improvement: The company is leveraging AI technology with over 200 AI use cases in development, 70 of which are already live, which not only improves client service quality but also lays the groundwork for future business growth.
- Profitability Enhancement: Earnings per share increased by 22%, with a 39% rise excluding notable items, demonstrating the company's success in improving profitability despite facing a $130 million pretax notable item charge, maintaining overall strong financial performance.
See More
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- Revenue Growth: The total revenue for Q1 reached $3.80 billion, exceeding market expectations of $3.69 billion, and marking a notable increase from $3.67 billion in the previous quarter and $3.28 billion a year ago, reflecting the company's robust performance in a dynamic market environment.
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See More
