MS vs. STT: Morgan Stanley vs. State Street Stock Comparison
How do Morgan Stanley (MS) and State Street (STT) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.
Company Profile
Morgan Stanley (MS) and State Street (STT) both belong to the Capital Markets industry, though MS is classified under Investment Banking & Brokerage while STT falls under Asset Management & Custody Banks.
| Profile Item | MS | STT |
|---|---|---|
| Name | Morgan Stanley Common Stock | State Street Corporation Common Stock |
| Country/Region | United States | United States |
| GICS Sector | Financials | Financials |
| GICS Industry Group | Financial Services | Financial Services |
| GICS Industry | Capital Markets | Capital Markets |
| GICS Sub-Industry | Investment Banking & Brokerage | Asset Management & Custody Banks |
| Market Capitalization | 283.60 billion USD | 45.05 billion USD |
| Currency | USD | USD |
| Exchange | NYSE | NYSE |
| Listing Date | February 23, 1993 | March 17, 1980 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | MS | STT |
|---|---|---|
| Total Return (1Y) | 19.44% | 49.16% |
| Total Return (3Y, Annualized) | 40.69% | 41.54% |
| Total Return (5Y, Annualized) | 17.38% | 16.00% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | MS | STT |
|---|---|---|
| Volatility (1Y, Annualized) | 29.73% | 25.01% |
| Beta (5Y) | 1.21 | 1.36 |
| Max Drawdown (5Y) | -32.38% | -41.45% |
| Avg. Volume (3M) | 5.37M | 1.85M |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | MS | STT |
|---|---|---|
| Sharpe Ratio (1Y) | 0.51 | 1.79 |
| Sortino Ratio (1Y) | 0.73 | 2.61 |
Profitability
ROE (TTM)
Both Morgan Stanley (MS) at 18.04% and State Street (STT) at 13.08% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.
MS
Financial Services industry group
18.04%
- Max
- 44.78%
- Q3
- 21.85%
- MS
- 18.04%
- Median
- 12.91%
- Q1
- 4.48%
- Min
- -18.71%
STT
Financial Services industry group
13.08%
- Max
- 44.78%
- Q3
- 21.85%
- STT
- 13.08%
- Median
- 12.91%
- Q1
- 4.48%
- Min
- -18.71%
Net Margin (TTM)
Both Morgan Stanley (MS) at 25.63% and State Street (STT) at 23.78% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.
MS
Financial Services industry group
25.63%
- Max
- 62.84%
- Q3
- 28.05%
- MS
- 25.63%
- Median
- 15.36%
- Q1
- 4.82%
- Min
- -28.52%
STT
Financial Services industry group
23.78%
- Max
- 62.84%
- Q3
- 28.05%
- STT
- 23.78%
- Median
- 15.36%
- Q1
- 4.82%
- Min
- -28.52%
Operating Margin (TTM)
Both Morgan Stanley (MS) at 39.00% and State Street (STT) at 34.63% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.
MS
Financial Services industry group
39.00%
- Max
- 107.33%
- Q3
- 55.90%
- MS
- 39.00%
- Median
- 30.09%
- Q1
- 14.60%
- Min
- -44.34%
STT
Financial Services industry group
34.63%
- Max
- 107.33%
- Q3
- 55.90%
- STT
- 34.63%
- Median
- 30.09%
- Q1
- 14.60%
- Min
- -44.34%
Profitability Metrics
| Metric | MS | STT |
|---|---|---|
| ROE (TTM) | 18.04% | 13.08% |
| ROA (TTM) | 1.35% | 0.95% |
| Net Margin (TTM) | 25.63% | 23.78% |
| Operating Margin (TTM) | 39.00% | 34.63% |
| Gross Margin (TTM) | -- | -- |
Growth
Revenue Growth
Both Morgan Stanley (MS) at 14.48% and State Street (STT) at 8.10% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.
EPS Growth
Both Morgan Stanley (MS) at 28.43% and State Street (STT) at 14.49% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.
Growth Metrics
| Metric | MS | STT |
|---|---|---|
| Revenue Growth (YoY) | 14.48% | 8.10% |
| Revenue Growth (3Y CAGR) | 9.52% | 4.82% |
| EPS Growth (YoY) | 28.43% | 14.49% |
| EPS Growth (3Y CAGR) | 18.41% | 9.35% |
Financial Strength
Current Ratio (MRQ)
current ratio doesn’t apply on either side: Morgan Stanley (MS) in Financial Services and State Street (STT) in Financial Services both report balance sheets without a current/non-current split, so their short-term liquidity is better judged through regulatory and funding measures.
Debt / Equity (MRQ)
debt-to-equity ratio is set aside for both: Morgan Stanley (MS) in Financial Services and State Street (STT) in Financial Services run businesses where balance-sheet leverage is part of the model, so capital-adequacy and funding measures are the better gauges of balance-sheet risk.
Financial Strength Metrics
| Metric | MS | STT |
|---|---|---|
| Current Ratio (MRQ) | -- | -- |
| Debt / Equity (MRQ) | -- | -- |
| Net Debt / EBITDA | -- | -- |
Dividends
Dividend Yield (TTM)
Both Morgan Stanley (MS) at 2.40% and State Street (STT) at 2.08% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.
MS
Financial Services industry group
2.40%
- Max
- 9.77%
- Q3
- 3.92%
- MS
- 2.40%
- Median
- 1.09%
- Q1
- 0.00%
- Min
- 0.00%
STT
Financial Services industry group
2.08%
- Max
- 9.77%
- Q3
- 3.92%
- STT
- 2.08%
- Median
- 1.09%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
Both Morgan Stanley (MS) at 32.91% and State Street (STT) at 28.10% keep payout ratio within their industries’ typical mid-ranges — dividend policies that share earnings without consuming too much of them.
MS
Financial Services industry group
32.91%
- Max
- 241.07%
- Q3
- 97.36%
- MS
- 32.91%
- Median
- 25.77%
- Q1
- 0.00%
- Min
- 0.00%
STT
Financial Services industry group
28.10%
- Max
- 241.07%
- Q3
- 97.36%
- STT
- 28.10%
- Median
- 25.77%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Metrics
| Metric | MS | STT |
|---|---|---|
| Dividend Yield (TTM) | 2.40% | 2.08% |
| Dividend Payout Ratio (TTM) | 32.91% | 28.10% |
Valuation
P/E Ratio (TTM)
Both Morgan Stanley (MS) at 14.39 and State Street (STT) at 13.53 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.
MS
Financial Services industry group
14.39
- Max
- 45.85
- Q3
- 24.64
- Median
- 15.37
- MS
- 14.39
- Q1
- 9.68
- Min
- 0.16
STT
Financial Services industry group
13.53
- Max
- 45.85
- Q3
- 24.64
- Median
- 15.37
- STT
- 13.53
- Q1
- 9.68
- Min
- 0.16
P/S Ratio (TTM)
On P/S ratio, both Morgan Stanley (MS) at 3.55 and State Street (STT) at 2.91 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.
MS
Financial Services industry group
3.55
- Max
- 9.23
- Q3
- 4.57
- MS
- 3.55
- Median
- 2.72
- Q1
- 1.28
- Min
- -0.55
STT
Financial Services industry group
2.91
- Max
- 9.23
- Q3
- 4.57
- STT
- 2.91
- Median
- 2.72
- Q1
- 1.28
- Min
- -0.55
P/B Ratio (MRQ)
On P/B ratio, both Morgan Stanley (MS) at 2.65 and State Street (STT) at 1.83 are valued close to their industries’ norm against book — neither stands out from peers.
MS
Financial Services industry group
2.65
- Max
- 7.79
- Q3
- 3.63
- MS
- 2.65
- Median
- 1.57
- Q1
- 0.81
- Min
- -0.39
STT
Financial Services industry group
1.83
- Max
- 7.79
- Q3
- 3.63
- STT
- 1.83
- Median
- 1.57
- Q1
- 0.81
- Min
- -0.39
Valuation Metrics
| Metric | MS | STT |
|---|---|---|
| P/E Ratio (TTM) | 14.39 | 13.53 |
| P/S Ratio (TTM) | 3.55 | 2.91 |
| P/B Ratio (MRQ) | 2.65 | 1.83 |
| Free Cash Flow Yield (TTM) | -- | -- |