M&T Bank (MTB) vs State Street (STT)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
State Street (STT) has outperformed M&T Bank (MTB) over the past year, gaining 49.0% versus a gain of 14.3%. Over five years, STT leads with a +87.8% price change compared with +43.3% for MTB. State Street is the larger company by market cap ($48.10 billion vs $31.42 billion), about 1.5 times the size, while M&T Bank is growing revenue faster (+7.5% vs +7.3%).
On valuation, M&T Bank trades at a lower forward P/E (10.3x vs 11.4x for State Street). M&T Bank offers the higher dividend yield (2.76% vs 1.92%). M&T Bank converts more of its revenue into profit, with a net margin of 172.1% versus 21.1%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | MTB | STT |
|---|---|---|
| Share price | $217.60 | $175.10 |
| Market cap | $31.42B | $48.10B |
| 1-day change | +0.45% | +0.52% |
| YTD return | +7.52% | +35.02% |
| 1-year return | +14.27% | +49.02% |
| 5-year return | +43.34% | +87.85% |
| P/E ratio (TTM) | 11.50 | 15.44 |
| Forward P/E | 10.35 | 11.35 |
| EPS (TTM) | $18.92 | $11.34 |
| Dividend yield | 2.76% | 1.92% |
| Annual dividend | $6.00 | $3.36 |
| Revenue (latest FY) | $1.66B | $13.94B |
| Revenue growth (YoY) | +7.53% | +7.26% |
| Net income (latest FY) | $2.85B | $2.94B |
| Net margin | 172.06% | 21.12% |
| 52-week high | $255.95 | $195.93 |
| 52-week low | $174.76 | $104.64 |
| Distance from 52-week high | -14.98% | -10.63% |
| Analyst consensus | hold | buy |
| Avg. price target upside | +16.23% | +13.22% |
| Average volume | 1.06M | 1.92M |
| Shares outstanding | 144.42M | 274.70M |
| Employees | 21,662 | 50,596 |
| Sector | Finance | Finance |
| Industry | Major Banks | Major Banks |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- STT has outperformed MTB by 34.8 percentage points over the past year.
- State Street trades at a higher earnings multiple (15.4x vs 11.5x trailing P/E).
- M&T Bank is more profitable, keeping 172.1 cents of every revenue dollar as net income versus 21.1 cents for State Street.
About M&T Bank
MTB stock →M&T Bank Corporation operates as a bank holding company for Manufacturers and Traders Trust Company and Wilmington Trust, National Association that provides retail and commercial banking products and services in the United States. The company operates through three segments: Commercial Bank, Retail Bank, and Institutional Services and Wealth Management.
Finance · Major Banks · 21,662 employees
About State Street
STT stock →State Street Corporation provides various financial products and services to institutional investors. It offers custody, accounting, and fund administration services for traditional and alternative assets, as well as multi-asset class investments; recordkeeping, client reporting, and investment book of record, transaction management, loans, cash, derivatives, and collateral services; investor services operations outsourcing; performance, risk, and compliance analytics; financial data management to support institutional investors; foreign exchange, brokerage, and other trading services; securities finance, such as prime services products; and deposit and short-term investment facilities.
Finance · Major Banks · 50,596 employees
MTB vs STT FAQ
Which is bigger, M&T Bank or State Street?
State Street (STT) is larger, with a market capitalization of $48.10B compared with $31.42B for M&T Bank (MTB).
Which stock has performed better over the past year, MTB or STT?
STT returned +49.02% over the past 12 months, compared with +14.27% for MTB (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, MTB or STT?
MTB has the lower trailing P/E at 11.5, versus 15.4 for STT. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, M&T Bank or State Street?
M&T Bank has the higher yield at 2.76%, compared with 1.92% for State Street.
Are M&T Bank and State Street in the same industry?
Yes. Both are classified in the Major Banks industry within the Finance sector.