Corrected: State Street's Q3 revenue rises 13%, slightly misses estimates

State Street

14/10/2026 12:42

Corrects to remove reference to adjusted EPS and estimates from Overview section and table

Overview
Global custody and asset servicing provider's Q3 revenue grew 13% yr/yr, slightly missed analyst expectations
Q3 net interest income beat analyst estimates

Outlook
Company has $332 mln in servicing fee revenue to be installed in future periods
Company has $2.98 trln AUC/A wins to be installed in future periods

Result Drivers
RECORD FEES AND FX VOLUMES - Co said record servicing and management fees and record FX client volumes drove Q3 results
HIGHER FEE REVENUE - Growth in servicing, management, and FX trading services revenue contributed to overall fee revenue increase, partially offset by lower other fee revenue
NET INTEREST INCOME - Co said higher net interest income, supported by increased net interest margin, contributed to revenue growth

Company press release: Full Story

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Slight Miss*
$4.004 bln
$4.03 bln (12 Analysts)
Q3 EPS
 
$3.69
 
Q3 Net Income
 
$1.09 bln
 
Q3 Net Interest Income
Beat
$864 mln
$852.89 mln (9 Analysts)
Q3 Credit Loss Provision
 
-$4 mln
 
Q3 ROE
 
16.4%
 
*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", 6 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the investment management & fund operators peer group is "buy"
Wall Street's median 12-month price target for State Street Corporation is $200.00, about 14.9% above its October 13 closing price of $174.10
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 13 three months ago

Reuters Recommended Reads
Oct 13 - JPMorgan posts rare profit miss as dealmaking, bond trading lose momentum
Oct 13 - Citi profit tops estimates on higher investment banking, services and wealth revenue
Oct 14 - BlackRock profit jumps as resilient markets lift fees

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

Press Release https://www.sec.gov/Archives/edgar/data/93751/000009375126000592/a3q26earningspressrelease.htm
 (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)