Custodian bank State Street beats Q3 revenue estimates on fee growth

State Street

17/10/2025 12:41

Overview

State Street Q3 revenue grows 9% yr/yr, beating analyst expectations, per LSEG data

EPS for Q3 rises 23% yr/yr to $2.78

Company returns $637 mln to shareholders in Q3 via repurchases and dividends

Outlook

Company did not provide specific financial guidance for future quarters in the press release

Result Drivers

FEE REVENUE GROWTH - Total revenue increased 9% driven by higher fee revenue across the franchise

INNOVATION AND PARTNERSHIPS - Co advanced Wealth Services strategy through partnership with Apex Fintech Solutions

PRODUCT LAUNCHES - Investment Management launched 39 new products, contributing to revenue growth

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$3.55 bln
$3.45 bln (12 Analysts)
Q3 EPS
$2.78
Q3 Net Income
$861 mln
Q3 Net Interest Income
$715 mln
Q3 Credit Loss Provision
$9 mln
Q3 ROE
13.40%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy", 3 "hold" and 1 "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 Corp is $130.00, about 13.1% above its October 16 closing price of $112.95

The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 11 three months ago

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

(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.)