-+ 0.00%
-+ 0.00%
-+ 0.00%
These Analysts Revise Their Forecasts On State Street After Q3 Results
Share
Listen to the news

State Street Corp. (NYSE:STT) on Wednesday reported mixed third-quarter 2026 results.

Adjusted earnings of $3.69 per share beat the analyst consensus estimate of $3.67. However, revenue rose 13% year over year to $4 billion, slightly missing Wall Street’s estimate of $4.03 billion.

Fee revenue increased 11% year over year, supported by higher servicing and management fees and stronger foreign exchange trading activity.

Servicing fees rose 10%, while management fees jumped 20%.

State Street shares fell 0.8% to trade at $165.60 on Thursday.

These analysts made changes to their price targets on State Street following earnings announcement.

  • Keefe, Bruyette & Woods analyst David Konrad maintained the stock with an Outperform rating and raised the price target from $220 to $230.
  • Evercore ISI Group analyst Glenn Schorr maintained the stock with an Outperform rating and lowered the price target from $200 to $185.
  • RBC Capital analyst Gerard Cassidy maintained the stock with a Sector Perform and lowered the price target from $196 to $175.

Considering buying STT stock? Here’s what analysts think:

Photo via Shutterstock

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
What's Trending