State Street vs LPL Financial
State Street Corporation and LPL Financial Holdings Inc. this page compares business models, financial performance, and market context in a neutral, accessible way. It highlights how each organisation approaches clients, technology, and growth within the financial services landscape. Educational content, not financial advice.
State Street Corporation and LPL Financial Holdings Inc. this page compares business models, financial performance, and market context in a neutral, accessible way. It highlights how each organisation...
Why It's Moving
State Street Powers Up Middle East Growth with Abu Dhabi Hub and Qatar Custody Deal.
- New Al Ain hub deepens State Street's role in regional market infrastructure, fostering institutional custody and talent development in a key growth zone.
- QNB alliance introduces an innovative custody servicing model in Qatar, enhancing service offerings for institutional clients across the Gulf.
- National Pension Service boosted its STT stake, reflecting institutional confidence even as shares hover below analyst targets.
LPL Financial Delivers Record 2025 Earnings and Assets, but Shares Dip on 2026 Cost Outlook
- Q4 adjusted EPS beat estimates by $0.41 at $5.23 with revenue up 40% year-over-year, highlighting robust advisor growth and organic net new assets of $23 billion.
- Record $2.4 trillion in total assets and advisory assets surging 46% to $1.4 trillion signal LPL's scaling momentum through integrations like Commonwealth and Atria.
- Board affirmed $0.30 quarterly dividend amid ongoing advisor recruits, including a $2 billion team joining on January 27, yet elevated 2026 expense guidance to $2.16-2.21 billion sparked caution.
State Street Powers Up Middle East Growth with Abu Dhabi Hub and Qatar Custody Deal.
- New Al Ain hub deepens State Street's role in regional market infrastructure, fostering institutional custody and talent development in a key growth zone.
- QNB alliance introduces an innovative custody servicing model in Qatar, enhancing service offerings for institutional clients across the Gulf.
- National Pension Service boosted its STT stake, reflecting institutional confidence even as shares hover below analyst targets.
LPL Financial Delivers Record 2025 Earnings and Assets, but Shares Dip on 2026 Cost Outlook
- Q4 adjusted EPS beat estimates by $0.41 at $5.23 with revenue up 40% year-over-year, highlighting robust advisor growth and organic net new assets of $23 billion.
- Record $2.4 trillion in total assets and advisory assets surging 46% to $1.4 trillion signal LPL's scaling momentum through integrations like Commonwealth and Atria.
- Board affirmed $0.30 quarterly dividend amid ongoing advisor recruits, including a $2 billion team joining on January 27, yet elevated 2026 expense guidance to $2.16-2.21 billion sparked caution.
Investment Analysis
State Street
STT
Pros
- Reported strong fee revenue growth of 11% year-over-year in Q2 2025, driven by multiple business lines amid favourable market conditions.
- Achieved record levels of assets under custody/administration ($49 trillion) and assets under management ($5.1 trillion) as of mid-2025, supporting revenue stability.
- Improved profitability metrics including a 26% pre-tax margin and 17% return on tangible common equity, with EPS growth of 18% excluding notable items in Q2 2025.
Considerations
- Operating expenses increased due to investments in technology and business capabilities, which may pressure margins if revenue growth slows.
- Exposed to market volatility which, while beneficial during growth periods, can also increase uncertainty in fee income given reliance on asset volumes.
- Face competitive pressure in asset servicing and management sectors, requiring continuous innovation and strategic investments to maintain growth momentum.
LPL Financial
LPLA
Pros
- LPL Financial benefits from a strong position in the independent broker-dealer market, offering comprehensive wealth management solutions.
- Has a diversified revenue base including advisory fees, commissions, and asset management fees, reducing dependence on any single income stream.
- Benefiting from ongoing expansion of client assets and advisory business, supported by trends toward self-directed investing and financial planning demand.
Considerations
- Revenue growth can be sensitive to market fluctuations impacting client assets under management and transaction volumes.
- Margin pressure from regulatory compliance costs and technology investments necessary to remain competitive in wealth management.
- Faces execution risks related to integration and scale from acquisitions, as well as maintaining advisor retention and client satisfaction.
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State Street (STT) Next Earnings Date
State Street Corporation (STT) plans to release its fourth-quarter and full-year 2025 financial results on January 16, 2026. This report will cover the quarter ending December 2025. The subsequent Q1 2026 earnings, for the quarter ending March 2026, are estimated around mid-April 2026 based on historical patterns.
LPL Financial (LPLA) Next Earnings Date
LPL Financial (LPLA) released its Q4 2025 earnings on January 29, 2026. The next earnings report, covering Q1 2026, is scheduled for May 7, 2026, coinciding with the earnings call. This aligns with the company's quarterly reporting pattern following the recent release.
State Street (STT) Next Earnings Date
State Street Corporation (STT) plans to release its fourth-quarter and full-year 2025 financial results on January 16, 2026. This report will cover the quarter ending December 2025. The subsequent Q1 2026 earnings, for the quarter ending March 2026, are estimated around mid-April 2026 based on historical patterns.
LPL Financial (LPLA) Next Earnings Date
LPL Financial (LPLA) released its Q4 2025 earnings on January 29, 2026. The next earnings report, covering Q1 2026, is scheduled for May 7, 2026, coinciding with the earnings call. This aligns with the company's quarterly reporting pattern following the recent release.
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Explore BasketWhich Baskets Do They Appear In?
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Goldman Sachs' recent outperformance signals a potential wave of growth in the financial sector. This collection features carefully selected financial institutions positioned to benefit from favorable market conditions, easing yields, and renewed investor confidence.
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Invest in the cornerstones of the global economy. These carefully selected financial titans form the backbone of worldwide commerce and capital flow, chosen by our analysts for their market dominance and potential to benefit from changing economic conditions.
Published: June 17, 2025
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