Analyst Consensus ?
ConsensusHold38 ratings
Bullish1950.0%
Neutral1539.5%
Bearish410.5%
State Street Corporation · STT · FY2026 Q3 · Calendar Q4 2026
State Street raises growth outlook as fee revenue reaches a record
The Q3 evidence supports a constructive operating trajectory: record fee and servicing revenue, historic asset levels, raised growth guidance and early traction in strategic businesses. The case still depends on execution, regulatory approvals and delivery of the fourth-quarter NII outlook.
Reported Before market openNYSEFinancial Services
$45.85B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$3.69
Consensus $3.68
EPS surprise
+0.3%
Reported versus consensus
Reported revenue
$4.00B
Consensus $4.03B
Revenue surprise
-0.8%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
-4.1%
Event window
SPY move
-1.1%
Same window
Abnormal move
-3.1%
Stock minus SPY
Volume
2.6×
Versus trailing sessions
Subsequent drift
-2.3%
Up to 20 sessions
STTSPY benchmark
Ask FN2 about STT FY2026 Q3
Transcript, numbers and history already loaded
Why did STT fall 4.1% after beating EPS estimates in FY2026 Q3?What changed in STT's guidance and outlook in FY2026 Q3?Give me the bull and bear case for STT after FY2026 Q3 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Compared with Q2, management raised full-year fee-revenue and NII growth guidance, reported record $59 trillion of assets under custody, and announced the planned acquisition of Santander CACEIS's Latin American securities-services business. Digital-asset plans advanced toward a year-end tokenized fund-servicing launch.
Guidance delta
Management raised full-year fee-revenue growth guidance to 13–14% and NII growth guidance to 15–16%, versus 12–13% and 14–15% previously.
Key takeaways
- Q3 EPS rose 33% year over year, while fee revenue reached a record.
- Assets under custody reached $59 trillion and AUM reached $6.3 trillion, both historic highs for the firm.
- Alternatives, digital assets and wealth services showed early traction, alongside a planned Santander CACEIS Latin America acquisition.
Management priorities
- Deliver double-digit growth across servicing, management and FX fees.
- Launch tokenized fund servicing by year-end and expand on-chain liquidity solutions.
- Advance AI and technology transformation, wealth services and the Latin America acquisition.
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Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$166Current
$70Low
$139.16Average
$200High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 15, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Truist Securities | Hold | Hold | Maintain | Oct 6, 2026 |
| BMO Capital | Outperform | Outperform | Maintain | Oct 6, 2026 |
| Citigroup | Buy | Buy | Maintain | Oct 5, 2026 |
| JP Morgan | Neutral | Neutral | Maintain | Oct 2, 2026 |
| Evercore ISI Group | Outperform | Outperform | Maintain | Jul 20, 2026 |
| Wells Fargo | Overweight | Overweight | Maintain | Jul 17, 2026 |
| RBC Capital | Sector Perform | Sector Perform | Maintain | Jul 17, 2026 |
| Morgan Stanley | Overweight | Overweight | Maintain | Jul 17, 2026 |
| Keefe, Bruyette & Woods | Outperform | Outperform | Maintain | Jul 17, 2026 |
| Barclays | Equal Weight | Equal Weight | Maintain | Jul 17, 2026 |
| B of A Securities | Neutral | Neutral | Maintain | Jul 7, 2026 |
| Goldman Sachs | Buy | Buy | Maintain | Jun 30, 2026 |
| Argus Research | Buy | Buy | Maintain | Apr 21, 2026 |
| TD Cowen | Buy | Buy | Maintain | Jan 7, 2026 |
| Deutsche Bank | Hold | Hold | Maintain | Jan 22, 2025 |
| Wolfe Research | Underperform | Peer Perform | Downgrade | Jul 8, 2024 |
| UBS | Neutral | Neutral | Maintain | Apr 12, 2024 |
| Credit Suisse | Neutral | Neutral | Maintain | Jul 17, 2023 |
| Piper Sandler | Neutral | Neutral | Maintain | Jul 1, 2022 |
| Seaport Global | Buy | Buy | Maintain | Jan 5, 2022 |
| Raymond James | Strong Buy | Strong Buy | Maintain | Oct 21, 2019 |
| Bank of America | Buy | Buy | Maintain | Oct 21, 2019 |
| Buckingham Research | Buy | Buy | Maintain | Jun 12, 2019 |
| Keefe Bruyette & Woods | Underperform | Market Perform | Downgrade | Feb 25, 2019 |
| Argus | Hold | Buy | Downgrade | May 5, 2018 |
| Buckingham | Buy | Buy | Maintain | Jan 24, 2018 |
| Jefferies | Hold | Hold | Maintain | Jul 10, 2017 |
| CLSA | Underperform | Underperform | Maintain | Sep 23, 2016 |
| Sandler O'Neill | Hold | Buy | Downgrade | Sep 6, 2016 |
| Bernstein | Underperform | Market Perform | Downgrade | Jan 26, 2015 |
| Rafferty Capital | Buy | Hold | Upgrade | Sep 15, 2014 |
| Rafferty | Buy | Hold | Upgrade | Sep 15, 2014 |
| Evercore Partners | Overweight | Overweight | Maintain | Apr 28, 2014 |
| ISI Group | Buy | Buy | Maintain | Apr 19, 2013 |
| Guggenheim | Neutral | Buy | Downgrade | Feb 5, 2013 |
| Compass Point | Neutral | Neutral | Maintain | Jan 22, 2013 |
| Standpoint Research | Hold | Buy | Downgrade | Nov 7, 2012 |
| Rochdale Securities | Buy | Neutral | Upgrade | Oct 18, 2012 |
Named analyst price targets
Upside is calculated against the persisted current price $166. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Capital One Financial | Analyst unavailable | $200 | $175.99 | +20.5% | Oct 6, 2026 |
| Truist Financial | Analyst unavailable | $190 | $176.37 | +14.5% | Oct 6, 2026 |
| Evercore ISI | Analyst unavailable | $200 | $183.98 | +20.5% | Jul 20, 2026 |
| Truist Financial | Analyst unavailable | $191 | $183.22 | +15.1% | Jul 17, 2026 |
| Morgan Stanley | Manan Gosalia | $195 | $185.66 | +17.5% | Jul 17, 2026 |
| Barclays | Analyst unavailable | $200 | $185.66 | +20.5% | Jul 17, 2026 |
| Evercore ISI | Glenn Schorr | $186 | $174.42 | +12.0% | Jul 6, 2026 |
| Goldman Sachs | Alexander Blostein | $194 | $170.18 | +16.9% | Jun 30, 2026 |
| Morgan Stanley | Analyst unavailable | $183 | $170.54 | +10.2% | Jun 29, 2026 |
| UBS | Analyst unavailable | $176 | $166.65 | +6.0% | Jun 26, 2026 |
| Wells Fargo | Analyst unavailable | $171 | $153.95 | +3.0% | May 26, 2026 |
| Argus Research | Analyst unavailable | $168 | $155.56 | +1.2% | Apr 21, 2026 |
| Seaport Global | Analyst unavailable | $170 | $149.28 | +2.4% | Apr 20, 2026 |
| Truist Financial | Analyst unavailable | $150 | $148.74 | -9.6% | Apr 20, 2026 |
| Morgan Stanley | Analyst unavailable | $166 | $149.22 | -0.0% | Apr 20, 2026 |
| Evercore ISI | Analyst unavailable | $158 | $149.21 | -4.8% | Apr 20, 2026 |
| RBC Capital | Analyst unavailable | $155 | $148.82 | -6.6% | Apr 20, 2026 |
| Goldman Sachs | Analyst unavailable | $168 | $145.43 | +1.2% | Apr 20, 2026 |
| Barclays | Analyst unavailable | $165 | $145.43 | -0.6% | Apr 20, 2026 |
| Truist Financial | Analyst unavailable | $136 | $124.7 | -18.1% | Jan 20, 2026 |
| Morgan Stanley | Analyst unavailable | $164 | $125.29 | -1.2% | Jan 20, 2026 |
| Truist Financial | Analyst unavailable | $138 | $134.32 | -16.9% | Jan 7, 2026 |
| Loop Capital Markets | Analyst unavailable | $144 | $133.01 | -13.3% | Jan 6, 2026 |
| Barclays | Jason Goldberg | $152 | $129.07 | -8.4% | Jan 5, 2026 |
| Morgan Stanley | Betsy Graseck | $168 | $127.21 | +1.2% | Dec 16, 2025 |
| Truist Financial | David Smith | $131 | $111.37 | -21.1% | Oct 20, 2025 |
| Morgan Stanley | Analyst unavailable | $165 | $111.37 | -0.6% | Oct 20, 2025 |
| Wells Fargo | Mike Mayo | $129 | $111.37 | -22.3% | Oct 20, 2025 |
| Truist Financial | David Smith | $133 | $113.38 | -19.9% | Oct 2, 2025 |
| Goldman Sachs | Analyst unavailable | $128 | $117.25 | -22.9% | Sep 30, 2025 |
| Morgan Stanley | Betsy Graseck | $162 | $115.71 | -2.4% | Sep 29, 2025 |
| Morgan Stanley | Betsy Graseck | $110 | $97.01 | -33.7% | Jun 3, 2025 |
| Truist Financial | Analyst unavailable | $85 | $80.63 | -48.8% | Apr 21, 2025 |
| Goldman Sachs | Alexander Blostein | $98 | $81.26 | -41.0% | Apr 17, 2025 |
| Truist Financial | David Smith | $104 | $97.72 | -37.4% | Jan 21, 2025 |
| Morgan Stanley | Betsy Graseck | $132 | $97.01 | -20.5% | Jan 3, 2025 |
| Evercore ISI | Glenn Schorr | $111 | $97.95 | -33.1% | Jan 2, 2025 |
| Morgan Stanley | Betsy Graseck | $139 | $98.41 | -16.3% | Dec 9, 2024 |
| Bank of America Securities | Nat Schindler | $99 | $91.82 | -40.4% | Oct 16, 2024 |
| Deutsche Bank | Brian Bedell | $90 | $91.82 | -45.8% | Oct 16, 2024 |
| Goldman Sachs | Alexander Bolstein | $106 | $91.82 | -36.1% | Oct 16, 2024 |
| Evercore ISI | Glenn Schorr | $94 | $91.82 | -43.4% | Oct 16, 2024 |
| Wells Fargo | Mike Mayo | $106 | $91.82 | -36.1% | Oct 16, 2024 |
| CFRA | Kenneth Leon | $100 | $91.82 | -39.8% | Oct 15, 2024 |
| Morgan Stanley | Betsy Graseck | $100 | $88.2 | -39.8% | Sep 30, 2024 |
| Deutsche Bank | Brian Bedell | $87 | $88.87 | -47.6% | Sep 23, 2024 |
| Citigroup | Keith Horowitz | $90 | $82.58 | -45.8% | Sep 13, 2024 |
| Evercore ISI | Glenn Schorr | $91 | $85.06 | -45.2% | Jul 17, 2024 |
| Wells Fargo | Mike Mayo | $98 | $84.82 | -41.0% | Jul 17, 2024 |
| Barclays | Jason Goldberg | $103 | $84.82 | -38.0% | Jul 17, 2024 |
| CFRA | Kenneth Leon | $90 | $84.82 | -45.8% | Jul 16, 2024 |
| Jefferies | Ken Usdin | $90 | $76.06 | -45.8% | Apr 15, 2024 |
| UBS | Brennan Hawken | $70 | $73.91 | -57.8% | Apr 12, 2024 |
| Deutsche Bank | Brian Bedell | $75 | $75.95 | -54.8% | Apr 5, 2024 |
| CFRA | Kenneth Leon | $70 | $77 | -57.8% | Apr 2, 2024 |
| CFRA | Kenneth Leon | $78 | $72.51 | -53.0% | Mar 12, 2024 |
| RBC Capital | Gerard Cassidy | $80 | $75.04 | -51.8% | Apr 18, 2023 |
| Deutsche Bank | Analyst unavailable | $77 | $80.7 | -53.6% | Nov 15, 2022 |
| Deutsche Bank | Brian Bedell | $67 | $65.21 | -59.6% | Jun 28, 2022 |
| Piper Sandler | Jeffery Harte | $78 | $62.89 | -53.0% | Jun 24, 2022 |
| Credit Suisse | Michael Brown | $87 | $69.04 | -47.6% | Jun 8, 2022 |
| Deutsche Bank | Brian Bedell | $80 | $67.47 | -51.8% | May 22, 2022 |
| Barclays | Jason Goldberg | $115 | $70.87 | -30.7% | Apr 23, 2022 |
| Jefferies | Ken Usdin | $86 | $75.52 | -48.2% | Apr 21, 2022 |
| Citigroup | Keith Horowitz | $93 | $75.81 | -44.0% | Apr 15, 2022 |
| Deutsche Bank | Brian Bedell | $113 | $82.72 | -31.9% | Apr 11, 2022 |
| UBS | Brennan Hawken | $112 | $83.7 | -32.5% | Apr 6, 2022 |
| Piper Sandler | Jeff Harte | $103 | $98.31 | -38.0% | Jan 6, 2022 |
| Barclays | Jason Goldberg | $130 | $93.86 | -21.7% | Jan 3, 2022 |
| Citigroup | Keith Horowitz | $115 | $98.18 | -30.7% | Oct 22, 2021 |
| Wells Fargo | Mike Mayo | $92 | $85.06 | -44.6% | Oct 4, 2021 |
| KBW | Michael Brown | $103 | $80.71 | -38.0% | Jun 17, 2021 |
Track every rating change on STT the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationState Street Corporation (STT) is a well-established global financial services firm that delivers a wide array of financial products and specialized services to institutional investors worldwide. The company's extensive offerings include core investment servicing functionalities such as secure asset custody, detailed product accounting, daily valuation, comprehensive administration, master trust and master custody arrangements, and specific depotbank services. It also manages record-keeping, cash, foreign exchange, brokerage, and various trading activities. Further services in this area encompass securities finance, advanced custody solutions, deposit and short-term investment facilities, as well as loan and lease financing. State Street additionally provides operational outsourcing for both traditional and alternative investment managers, complemented by sophisticated analytics for performance, risk, and compliance, along with financial data management.…
Historical context
All STT earningsFinancial Services peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| SCHW-PJ The Charles Schwab Corporation | FY2026 Q3 · Calendar Q4 2026 | — | — | Schwab reports record Q3 as AI and lending broaden growth |
| SCHW-PD The Charles Schwab Corporation | FY2026 Q3 · Calendar Q4 2026 | — | — | Schwab posts strong Q3 and expands AI, crypto and trading tools |
| SCHW The Charles Schwab Corporation | FY2026 Q3 · Calendar Q4 2026 | — | -3.8% | Schwab Q3: Record Results, AI Expansion, and NIM Focus |
| MRSH Marsh & McLennan Companies, Inc. | FY2026 Q3 · Calendar Q4 2026 | — | +6.5% | MRSH Q3: Growth Holds as AI and Thrive Expand |
| STT-PG State Street Corporation | FY2026 Q3 · Calendar Q4 2026 | +0.3% | — | State Street posts strong Q3 and raises fee, NII guidance |
| MS-PO Morgan Stanley | FY2026 Q3 · Calendar Q4 2026 | +3.4% | — | Morgan Stanley Q3: Record Wealth Flows and AI Financing Focus |
Latest beats and misses
Who reports nextBeat on EPS
Missed on EPS
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Sources
- Earnings call transcript and parsed analysis · 2026-10-15T14:04:48.830902+00:00
- FN2 earnings calendar · 2026-10-15T01:23:12.167262+00:00
- Polygon adjusted daily market bars · 2026-10-15T14:30:43.297402+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-15T14:30:43.294794+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-15. For educational purposes only; not investment advice.