State Street

STT · NYSE

$166.58+$1.15 (+0.70%)TodayMarket closed · Oct 20, 4:05 PM ET

Prev close $165.43

STT analyst rating

BuyConsensus of 16 analysts over the last 12 months. 69% rate it a buy.

Strong buy0
Buy11
Hold5
Underperform0
Sell0

12-month price target · 16 analysts

Average $204.63 (+22.8% upside)

Low: $153.52
Now: $166.58
High: $225.75

Upgrades and downgrades

The latest rating actions, newest first

STT analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
BMO Capital	Oct 19, 2026	Maintains	Outperform	$200.00 → $185.00	56%
Citigroup	Oct 16, 2026	Maintains	Buy	$212.00 → $190.00	40%
Truist Securities	Oct 15, 2026	Maintains	Hold	$190.00 → $171.00	57%
RBC Capital	Oct 15, 2026	Maintains	Sector Perform	$196.00 → $175.00	67%
Evercore ISI Group	Oct 15, 2026	Maintains	Outperform	$200.00 → $185.00	62%
Keefe, Bruyette & Woods	Oct 15, 2026	Maintains	Outperform	$220.00 → $230.00	66%
TD Cowen	Oct 8, 2026	Initiates	Buy	$205.00	50%
Truist Securities	Oct 6, 2026	Maintains	Hold	$191.00 → $190.00	57%
BMO Capital	Oct 6, 2026	Maintains	Outperform	$212.00 → $200.00	56%
Citigroup	Oct 5, 2026	Maintains	Buy	$210.00 → $212.00	40%

The case for and against

Updated Oct 18, 2026

Bull case

State Street is supported by a powerful combination of scale, with about $54 trillion in assets under custody and administration and $5.7 trillion in assets under management, plus a diversified global franchise across more than 100 markets and 51,500 employees. Its 3Q26 results reinforce the case, as record revenue of $4.0 billion, EPS of $3.69, ROTCE of 25.1%, and record AUC/A of $59.17 trillion showed that fee growth, operating leverage, and NII expansion can compound together even after a quarter with timing-related revenue pressure. The outlook remains constructive because management kept fee guidance at 13% to 14%, raised NII expectations to 15% to 16%, expects more than 500 bps of operating leverage, and is accelerating buybacks while targeting approximately $1 billion of annual run-rate transformation benefits by 2029.

Bear case

State Street is facing a fundamentally challenged setup because fee revenue missed estimates by $0.14, with weaker servicing, FX, and other fees outweighing modest strength in management and securities finance. NII also came in below expectations as net interest margin slipped to 1.12%, while the company remains highly exposed to global equity markets and could be hurt by a prolonged downturn in capital markets that pressures transaction volumes and asset levels. Although expenses improved sequentially, total expenses still reached $2.12 billion and rose 6.1% year over year, while the structurally loss-making Other segment and macro/geopolitical risks add further earnings volatility.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.