State Street Reports Strong Q3 Earnings Growth in 2026
On October 14, 2026, State Street Corporation (STT) reported a significant increase in earnings and revenue for the third quarter of 2026. The company saw per-share earnings rise by 33% year-over-year to $3.69, with total revenue growing 13% to $4 billion. Management highlighted three key areas driving this performance: growth in wealth management services through partnerships with registered investment advisors (RIAs), expansion into alternative asset servicing for private markets, and net interest margin expansion that boosted operating leverage. State Street secured a major mandate from one of the largest RIAs in the U.S., signaling strong market validation. Alternative servicing fees grew at double-digit rates year-over-year due to increasing demand for private credit and other non-traditional assets. Net interest income rose 21% to $864 million, driven by higher yields on earning assets. Looking ahead, management expressed confidence in continued revenue momentum across custody services, market operations, and asset management. With record assets under custody reaching $59.2 trillion and digital initiatives progressing well, the company is positioned for long-term value creation through pricing discipline, deposit retention, and technology execution.
Tickers: $STT
Topics: alternative assets earnings net interest margin revenue growth wealth management
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