Assets under custody and administration rose 15% to $59.17T, while the bank returned $651M to shareholders through dividends and $400M in buybacks. State Street also agreed to acquire the Santander CACEIS Latam Securities Services joint venture and reported a record 31% increase in FX trading client volumes. The firm's CEO stated the company enters the final quarter of 2026 with strong momentum.
Tuesday, October 20, 2026
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State Street Shares Plunge 8.7% After Fee Revenue Miss
Earnings6 days ago
Adjusted earnings per share grew 33% year over year to $3.69, topping analyst forecasts of $3.67 for the third quarter. However, State Street reported revenue of $4.00B, which trailed expectations of $4.03B. Fee revenue of $3.14B also missed the $3.2B forecast, with servicing fees specifically coming in at $1.49B against a $1.52B estimate. This revenue shortfall drove a 8.7% drop in the company's shares during premarket trading.
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