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 Shares Slide on Higher 2026 Expenses Despite Q4 Earnings Beat
- Q4 EPS beat estimates by 6%, yet stock tumbled 6% on the earnings day amid no fresh medium-term targets.
- 2026 expenses now guided 3%-4% higher year-over-year, topping the 1.6% consensus and signaling rising operational strain.
- Analysts split: Morgan Stanley and Truist cut price targets citing expenses, while TD Cowen hiked theirs on banking tailwinds.
LPL Financial eyes another earnings beat as analysts turn bullish ahead of Thursday's report.
- Zacks Earnings ESP sits at +0.06% paired with a Zacks Rank #3, pointing to heightened analyst optimism after LPL topped estimates by 16.33% and 7.13% in the last two quarters.
- CEO Richard Steinmeier offloaded over 5,000 shares worth $1.88 million in early December, part of $2.75 million in insider sales over 90 days amid a 12% share price gain.
- Leadership hires and integrations like Atria and Commonwealth bolster market share, supporting a narrative of 15.6% undervaluation despite trading at a premium P/E multiple.
State Street Shares Slide on Higher 2026 Expenses Despite Q4 Earnings Beat
- Q4 EPS beat estimates by 6%, yet stock tumbled 6% on the earnings day amid no fresh medium-term targets.
- 2026 expenses now guided 3%-4% higher year-over-year, topping the 1.6% consensus and signaling rising operational strain.
- Analysts split: Morgan Stanley and Truist cut price targets citing expenses, while TD Cowen hiked theirs on banking tailwinds.
LPL Financial eyes another earnings beat as analysts turn bullish ahead of Thursday's report.
- Zacks Earnings ESP sits at +0.06% paired with a Zacks Rank #3, pointing to heightened analyst optimism after LPL topped estimates by 16.33% and 7.13% in the last two quarters.
- CEO Richard Steinmeier offloaded over 5,000 shares worth $1.88 million in early December, part of $2.75 million in insider sales over 90 days amid a 12% share price gain.
- Leadership hires and integrations like Atria and Commonwealth bolster market share, supporting a narrative of 15.6% undervaluation despite trading at a premium P/E multiple.
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.
Related Market Insights
Financial Sector Poised for Breakout After Goldman's Stellar Run
Goldman Sachs' surge signals a financial sector breakout. Discover top banks & investment firms poised for growth. Invest in the rally with fractional shares on Nemo.
Aimee Silverwood | Financial Analyst
July 25, 2025
Banking Giants: The Financial Titans Powering Global Commerce
Explore how banking giants like JPM, BAC, WFC power global commerce. Discover dividend income, interest rate advantages, and growth opportunities. Invest with Nemo.
Aimee Silverwood | Financial Analyst
July 25, 2025
Related Market Insights
Financial Sector Poised for Breakout After Goldman's Stellar Run
Goldman Sachs' surge signals a financial sector breakout. Discover top banks & investment firms poised for growth. Invest in the rally with fractional shares on Nemo.
Aimee Silverwood | Financial Analyst
July 25, 2025
Banking Giants: The Financial Titans Powering Global Commerce
Explore how banking giants like JPM, BAC, WFC power global commerce. Discover dividend income, interest rate advantages, and growth opportunities. Invest with Nemo.
Aimee Silverwood | Financial Analyst
July 25, 2025
State Street (STT) Next Earnings Date
State Street Corporation's (STT) most recent earnings for Q4 2025 were reported on January 16, 2026. The next earnings date is scheduled for April 16, 2026, covering Q1 2026 results. This aligns with the company's quarterly reporting pattern following the prior release.
LPL Financial (LPLA) Next Earnings Date
LPL Financial (LPLA) is scheduled to report earnings on January 29, 2026, which is three days from today. The report will cover the fourth quarter and full fiscal year 2025, released after market close. Based on analyst consensus, the company is expected to report earnings per share of approximately $4.85, representing a modest decline from the prior year's quarter. Given LPL Financial's recent track record of beating estimates by an average of 11.73% over the last two quarters, investors should monitor whether the company continues this positive earnings surprise trend.
State Street (STT) Next Earnings Date
State Street Corporation's (STT) most recent earnings for Q4 2025 were reported on January 16, 2026. The next earnings date is scheduled for April 16, 2026, covering Q1 2026 results. This aligns with the company's quarterly reporting pattern following the prior release.
LPL Financial (LPLA) Next Earnings Date
LPL Financial (LPLA) is scheduled to report earnings on January 29, 2026, which is three days from today. The report will cover the fourth quarter and full fiscal year 2025, released after market close. Based on analyst consensus, the company is expected to report earnings per share of approximately $4.85, representing a modest decline from the prior year's quarter. Given LPL Financial's recent track record of beating estimates by an average of 11.73% over the last two quarters, investors should monitor whether the company continues this positive earnings surprise trend.
Which Baskets Do They Appear In?
Rally in Financials
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.
Published: July 1, 2025
Explore BasketBanking & Finance Powerhouses
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
Explore BasketWhich Baskets Do They Appear In?
Rally in Financials
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.
Published: July 1, 2025
Explore BasketBanking & Finance Powerhouses
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
Explore BasketBuy STT or LPLA in Nemo
Zero Commission
Trade stocks, ETFs, and more with zero commission. Keep more of your returns.
Trusted & Regulated
Part of Exinity Group 2015, serving over a million customers globally.
6% Interest on Cash
Earn 6% AER on uninvested cash with daily interest payments.
Discover More Comparisons
State Street vs Fifth Third
State Street vs Fifth Third
State Street vs W. R. Berkley
State Street vs W. R. Berkley: stock comparison
State Street vs Raymond James
State Street vs Raymond James: a neutral comparison