State Street

STT

時価総額 $455億

State Street Corporation reported another strong set of financials in respect of Q3 2026, with revenue and profits both up double-digits year-on-year. Asset-based fees have continued to benefit from rising stock markets, but as equity returns revert to more normal levels or even decline, this could weigh in the coming quarters. Similarly, STT's net interest income received a nice boost from last year's interest rate cuts. With the outlook for rates shifting, pressure on funding costs could weigh going forward.

I initiate State Street Corporation with a Strong Buy rating and a $216 price target, implying 30% upside. STT is converting its custody franchise into higher recurring fee revenue and improving profitability through technology and asset management investments. Q3 2026 results showed 13% revenue growth, 33% EPS growth, and pre-tax margin expansion to 34.6%, reflecting strong operating leverage.

State Street Corp. (NYSE:STT) on Wednesday reported mixed third-quarter 2026 results.

While the top- and bottom-line numbers for State Street (STT) give a sense of how the business performed in the quarter ended September 2026, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

State Street shares fell approximately 7% by market open on October 14, 2026, after third-quarter revenue of $4.00 billion came in below the roughly $4.03 billion Wall Street expected. An investigation into potential securities law violations has been opened.

State Street Corporation ( STT ) Q3 2026 Earnings Call October 14, 2026 11:00 AM EDT Company Participants Elizabeth Lynn - Executive VP & Global Head of Investor Relations Ronald O'Hanley - CEO, President & Chairman John Woods - Executive VP & CFO Conference Call Participants Glenn Schorr - Evercore ISI Institutional Equities, Research Division Alexander Blostein - Goldman Sachs Group, Inc., Research Division Ebrahim Poonawala - BofA Securities, Research Division Michael Mayo - Wells Fargo Securities, LLC, Research Division Kenneth Usdin - Bernstein Autonomous LLP David Smith - Truist Securities, Inc., Research Division Manan Gosalia - Morgan Stanley, Research Division Brennan Hawken - BMO Capital Markets Equity Research Robert Scott Siefers Gerard Cassidy - RBC Capital Markets, Research Division Benjamin Gerlinger - Citigroup Inc., Research Division Presentation Operator Good morning, and welcome to State Street Corporation's Third Quarter 2026 Earnings Conference Call and Webcast. Today's call will be hosted by Elizabeth Lynn, Head of Investor Relations at State Street.

State Street NYSE: STT reported third-quarter 2026 earnings per share of $3.69, up 33% from a year earlier, as growth in servicing, investment management, markets and net interest income lifted total revenue 13% to $4 billion.

STT shares fall despite a Q3 earnings beat and record AUM, as weak net inflows, a revenue miss and rising expense expectations weigh on sentiment.

While the top- and bottom-line numbers for State Street (STT) give a sense of how the business performed in the quarter ended September 2026, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

State Street Corporation (STT) came out with quarterly earnings of $3.69 per share, beating the Zacks Consensus Estimate of $3.65 per share. This compares to earnings of $2.78 per share a year ago.