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In its second-quarter 2026 investor letter, Harbor Mid Cap Value Fund highlighted State Street Corporation (NYSE:STT) as a material contributor to performance. State Street Corporation (NYSE:STT) is leading US-based financial services company providing custody, accounting, and fund administration services. On September 04, 2026, State Street Corporation (NYSE:STT) closed at $194.26 per share. Over the past month, State Street Corporation (NYSE:STT) returned 3.61%, and its shares are up 73.23% over the past year. State Street Corporation (NYSE:STT) has a market capitalization of $53.36 billion, and its stock has traded within a 52-week range of $104.64 to $195.93.
Harbor Mid Cap Value Fund stated the following regarding State Street Corporation (NYSE:STT) in its Q2 2026 investor letter:
"The top contributors in the second quarter included three Information Technology holdings, as well as Garrett Motion in the Consumer Discretionary sector and State Street Corporation (NYSE:STT) in Financials. State Street advanced due to a strong earnings report highlighting increases in fee-based revenues, expanding assets under management and assets under custody/administration. The company increased its dividend and continued to buy back shares, which pleased investors. We trimmed our exposure."
State Street Corporation (NYSE:STT) is not on our list of the 40 Most Popular Stocks Among Hedge Funds. According to our database, 52 hedge fund portfolios held State Street Corporation (NYSE:STT) at the end of the second quarter, the same as in the previous quarter. While we acknowledge the potential of State Street Corporation (NYSE:STT) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.