Compared to Estimates, State Street (STT) Q3 Earnings: A Look at Key Metrics (Revised)

State Street reported Q3 2026 earnings with EPS of $3.69, up 33% YoY, driven by double-digit growth in fee revenue and NII. The company achieved record servicing and management fees, FX client volumes, and assets under custody and administration at $59 trillion. State Street also announced an agreement to acquire Santander CACEIS Latin American Securities Services business, expected to close in 2027.

RBC Capital reduced its price target for State Street (STT) to $175 from $196, citing valuation. STT trades at $165.06, down 5% in a week but up 46% in a year. Q3 2026 earnings beat estimates at $3.69 EPS, though revenue missed at $4B. Analysts have mixed views on STT's outlook.

State Street Corp (STT) reported Q3 2026 earnings, with record AUC/A of $59. Other fee revenue declined by ~$30M YoY, and FX revenue fell 14% QoQ. Loan growth slowed, but NII is expected to grow in Q4. The company plans to increase buybacks to achieve an 80% payout ratio. Management expressed confidence in medium-term targets, citing strong NII trends and organic fee growth.

State Street Corp (STT) reported Q3 2026 revenue of $4B, up 13% YoY. Fee revenue rose 11%, servicing fees increased 10%, and management fees grew 20%. Net interest income climbed 21%, with EPS at $3.69, up 33% YoY. AUM and AUC/A reached record highs. The company raised full-year guidance, expecting 13-14% fee revenue growth and 15-16% NII growth. Challenges include a decline in other fee revenue and FX revenue. Capital returned to shareholders totaled $651M, with a payout ratio of ~63%.

State Street's new wealth-services unit secured its first client, a large U.S. registered investment advisor, according to CEO Ron O'Hanley. The unit combines custody, clearing, and technology services. State Street reported Q3 net income of $1.1B, up 27% YoY, with record assets under custody and management. The stock fell 4.1% despite earnings beat.

State Street (STT) reported Q3 2026 earnings with a 33% YoY increase in EPS to $3.69 and 13% revenue growth to $4B. Growth was driven by record servicing and management fees. The company's P/S ratio is 3.38x, above its historical median, indicating market confidence in future growth. STT plans to acquire Santander CACEIS Latin American Securities Services and launch a tokenized fund servicing capability. Insiders and gurus have shown mixed activity, with net selling over the past year.