Is Wall Street Bullish or Bearish on State Street Stock?

ST Telemedia Global Data Centres (STT GDC) said it secured up to $1.75b (US$1.37b) in green financing to develop its STT Johor data centre campus in Johor, Malaysia, at Nusa Cemerlang Industrial Park. The campus is planned for up to 166 MW of IT load for cloud, AI and HPC. UOB Malaysia coordinated and led; OCBC, Standard Chartered and CIMB joined as lead arrangers.

State Street signed an initial agreement to acquire the Santander CACEIS Latam Securities Services joint venture in Brazil, Mexico, and Colombia. The JV, owned by Santander Group and CACEIS, has about US$470B in assets under custody and US$225B in assets under administration. Closing is expected in 2027, subject to regulatory approvals.

State Street (STT) reported Q2 2026 revenue of $4.0B, up 17% YoY, and EPS of $3.65. AUC/A rose to $57.9T (+18%) and AUM to $6.3T (+23%) on $114B net inflows. Net interest income increased to $860M (+18%). The company raised full-year fee revenue guidance to 12%-13% and NII guidance to 14%-15%, and outlined a $1B transformation run rate by 2029.

State Street Corp. (STT) reported Q2 earnings of $3.65 per share, above analysts’ $3.29 estimate. Revenue rose 17% Y/Y to $4.05 billion, versus $3.88 billion expected. The company said it raised its Q3 common stock dividend by 10% after Fed stress test results. Analysts at Barclays and RBC lifted price targets to $200 and $196.

State Street executives said the U.S. Treasury selected one of its investment funds as the default option for “Trump accounts,” a tax-advantaged program for children under 18. The firm also outlined a $1B annual cost-cut plan using restructuring and AI. In Q2, revenue rose 17% to $4B, with fee revenue up 17% to $3.2B.

State Street (NYSE:STT) reported Q2 results that beat expectations, with EPS of $3.65 versus $3.29 estimates. Revenue rose 17% Y/Y to $4.05 billion, above the $3.88 billion forecast. AUM increased 23% Y/Y to $6.3 trillion and AUC/A to $57.9 trillion. The company reported higher fee and net interest income and returned $631 million to shareholders.