State Street Corp.
STT - Insider Information
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+ FollowMarket Cap$46.32B
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Earnings Call Q3 2026
October 14, 2026 - AI Summary
Strong 3Q financial performance + momentum
- EPS: $3.69, +33% YoY; total revenue: ~$4.0B, +13% YoY; fee revenue: +11% YoY; NII: +21% YoY.
- 11th consecutive quarter of positive operating leverage (excluding notable items), ~+530 bps in the quarter.
- Profitability: pretax margin 35% (+350 bps YoY); ROTCE 25% (+4+ pts YoY).
- Records/traction: record quarterly servicing & management fees; record FX client volumes; AUC/A: $59.2T, +15% YoY; AUM (Investment Management): $6.3T, +16% YoY.
Forward outlook (excluding notable items) remains confident—key forecasts for full year 2026
- Fee revenue growth: 13%–14% (raised from prior 12%–13%).
- NII growth: 15%–16% (raised from prior 14%–15%), reflecting strong 3Q trends.
- Expense growth: ~8%–8.5%.
- Operating leverage: >500 bps positive expected for 2026.
- Effective tax rate: ~22%.
- Capital returns: total payout approaching ~80% for the year (subject to market conditions).
Capital return & buybacks: high payout, but still subject to rate/AOCI effects
- 3Q capital return to shareholders: $651M total ($400M buybacks + $251M dividends); dividend increased 10% effective in 3Q.
- Management explicitly expects buyback ramp into 4Q and confidence in delivering payout near 80% despite a rate-related headwind.
- Rate sensitivity (AOCI): rule-of-thumb discussed—25 bps unmitigated/unaddressed rate increase ≈ ~10 bps capital impact (with AFS duration ~1 year, fixed portion possibly up to ~2 years). They emphasize there are “levers” to optimize timing.
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$297.86
71.8% upside
Current Fair Value
71.8% upsideUndervalued by 71.8% based on the discounted cash flow analysis.
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Share Statistics
| Market cap | $46.32 Billion |
|---|---|
| Enterprise Value | $67.56 Billion |
| Annual dividend | $3.44 |
| Dividend yield | 2.03% |
| Earnings per Share | $9.55 |
| Beta | 1.42 |
| Outstanding Shares | 274,182,000 |
Return
| Return on Equity | 12.84% |
|---|---|
| Return on Assets | 0.91% |
| Return on Invested Capital | 1.16% |
Valuation & Multiples
| P/E Ratio | 13.63 |
|---|---|
| PEG | -22.92 |
| Price to Sales | 2.48 |
| Price to Book Ratio | 1.67 |
| Enterprise Value to Revenue | 3.49 |
| Enterprise Value to EBIT | 14.48 |
| Enterprise Value to Net Income | 18 |
| Total Debt to Enterprise | 0.39 |
| Debt to Equity | 0.91 |
Revenue Sources
No data
Last Earnings Call
Report Date
October 16, 2026
EPS Estimate
$3.59
Consensus analyst estimateRevenue Estimate
$4.00 B
Consensus analyst estimateNext Earnings Call
Expected Date
January 15, 2027
EPS Estimate
$3.66
Consensus analyst estimateRevenue Estimate
$4.07 B
Consensus analyst estimateInstitutional Put/Call Ratio
Compares institutional put options with call options. At 0.00, the ratio is below 1, so institutions hold more calls than puts.
| Put/Call Ratio | 0.0000▼ 59.70% |
|---|---|
| Total Calls | -▼ 100.00% |
| Total Puts | -▼ 100.00% |
Institutional Ownership
Holdings and activity of institutional investors.
| Ownership % | 8.17%▼ 82.93% |
|---|---|
| Total Invested | $3.97B▼ 90.74% |
| Investors Holding | 477▼ 819.00% |
About State Street Corp.
2,020 employees
CEO: Ronald O'Hanley
State Street Corporation is one of the world's leading providers of financial services to institutional investors including investment servicing, investment management and investment research and trading. With $33.52 trillion in assets u...