State Street (NYSE:STT) Misses Q3 2026 Revenue Estimates, Stock Drops

State Street (STT) shares fell 8.5% premarket after Q3 revenue missed expectations, despite EPS beating estimates. Revenue was $4.00B (up 13% YoY) vs. $4.04B consensus, while GAAP EPS was $3.69 (up from $2.78 YoY). The company's P/S ratio is 3.3x, above its historical median, and insiders have been net sellers.

State Street (STT) shares fell 9.8% premarket after Q3 2026 results missed revenue expectations, despite a 12.9% YoY revenue increase to $4.00B and in-line EPS. Assets under management grew 15.8% YoY to $6.31T, topping estimates. The decline was driven by lower other fee revenue and foreign exchange trading.

State Street (STT) reported Q3 2026 earnings of $3.69 per share, beating estimates, but shares fell ~7% due to revenue missing expectations by $40M. Assets under management and custody grew 15.8% and 15% year-on-year, respectively. Investors may be concerned about decelerating top-line growth and flattening earnings growth trends.

U.S. stocks declined Wednesday due to inflation concerns, with the S&P 500 down 0.4%. Inflation data showed a 3.7% year-over-year increase, higher than expected. Bond yields rose, with the 10-year Treasury yield at 5.28%. BlackRock gained 3% on strong earnings, while Bank of America and State Street fell over 7% on weaker results.

State Street (STT) reported Q3 fee revenue of $3.14B, missing expectations, and raised expense growth guidance. Its stock fell 8.5% in premarket trading.

U.S. stocks declined Wednesday as inflation concerns grew, with the S&P 500 down 0.6% and the Nasdaq composite 0.9% lower. The 10-year Treasury yield rose to 5.26%, and traders increased bets on a Fed rate hike. BlackRock rose 1.8% on strong earnings, while Bank of America and State Street fell 7.5% and 8.2% respectively on weaker results. Homebuilders and utility stocks also dropped.