STT Fell -7.3% In A Day. Past Crashes Went Deeper.
- In Global Financial Crisis, State Street stock declined 83% vs 57% for S&P 500. During 2018 correction, it dropped 57% compared to the S&P 500’s 20%.
- Following the 2018 Correction, the stock has not yet recovered to its pre-crisis peak, whereas the S&P 500 recovered in 4 months. In the global financial crisis, the stock rebounded, but took 102 months versus 49 for the S&P 500.
State Street Stock Performance In Market Crashes:
| STT | S&P 500 | |
|---|---|---|
| Dot-Com Bubble | ||
| % Change from Pre-Recession Peak | -42% | -37% |
| # of Months for Full Recovery | 64 | 69 |
| Global Financial Crisis | ||
| % Change from Pre-Recession Peak | -83% | -57% |
| # of Months for Full Recovery | 102 | 49 |
| 2018 Correction | ||
| % Change from Pre-Recession Peak | -57% | -20% |
| # of Months for Full Recovery | Yet to Recover | 4 |
| Covid Pandemic | ||
| % Change from Pre-Recession Peak | -48% | -34% |
| # of Months for Full Recovery | 12 | 5 |
| Inflation Shock | ||
| % Change from Pre-Recession Peak | -42% | -25% |
| # of Months for Full Recovery | 36 | 15 |
Worried that STT is yet to hit the bottom? You could take a look at the Trefis High Quality (HQ) Portfolio, with a collection of 30 stocks, has a track record of comfortably outperforming the S&P 500 over the last 4-year period. Why is that? As a group, HQ Portfolio stocks provided better returns with less risk versus the benchmark index; less of a roller-coaster ride, as evident in HQ Portfolio performance metrics.
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