State Street (STT) Valuation Check As Cash Management ETF And Mariner Tech Partnership Expand Growth Story

State Street (STT) is growing its offerings with a new low-cost money market ETF and a wealth platform mandate from Mariner, even as its recent stock performance has cooled. Despite a 33% gain over the past year, its current valuation might be seen as less attractive relative to its growth, prompting questions about its entry point. The company, which is considered about 10.9% undervalued by a popular narrative, faces potential risks from fee pressure in ETFs and evolving custody services.