State Street Reports Mixed Q3 Results; Updates FY26 Outlook
State Street (STT) reported mixed third-quarter results with non-GAAP earnings per share of $3.69, which beat expectations by $0.01. However, revenue came in at $4 billion, missing estimates by $40 million and showing a year-over-year increase of 12.7%. The firm attributed the strong growth to higher market levels and net new business. Investment servicing assets under custody/under administration (AUC/A) reached a record high of $59.2 trillion at quarter-end, reflecting a 15% annual increase. This was driven by rising asset values and continued client inflows across its services portfolio. The company also updated its FY26 outlook in response to the performance. The results highlight State Street's resilience amid market volatility but underscore challenges with revenue growth despite strong AUC/A figures.
Tickers: $STT