$STT · STATE STREET CORP
State Street filed an 8-K containing its Q3 2026 Earnings Release Addendum (Exhibit 99.2). The addendum reports Q3 2026 diluted EPS of $3.69, up 32.7% YoY, on total revenue of $4.004B (+12.9% YoY). Net interest income grew 20.8% YoY to $864M with NIM expanding to 1.12%. Assets under custody/administration reached $59.17 trillion and AUM hit $6.31 trillion, both up double-digits YoY.
- Q3 2026 diluted EPS of $3.69, up 32.7% YoY from $2.78 in Q3 2025.
- Total fee revenue reached $3.14B in Q3 2026, +11.0% YoY driven by servicing (+9.9%) and management fees (+20.0%).
- Net interest income rose 20.8% YoY to $864M; NIM expanded to 1.12% from 0.96% in Q3 2025.
- Assets under custody/administration hit $59.17 trillion, up 14.5% YoY; AUM reached $6.31 trillion, +15.8% YoY.
- Pre-tax margin improved to 34.6% from 31.1% YoY; return on average tangible common equity was 25.1%.
Extended-hours trading shows STT at $159.00, down 8.62% from the $173.99 regular close, despite strong headline YoY growth — suggesting the quarter missed buy-side expectations or guidance disappointed relative to the stock's 50.5% YoY run.
A 32.7% EPS beat paired with an 8.6% after-hours crash is a textbook divergence that demands explanation — either guidance was cut, buy-side whisper numbers were far higher, or the sequential fee dec
State Street's AUC/A of $59.2T and AUM of $6.3T reinforce its position among the dominant custody banks (alongside BNY Mellon and JPMorgan), benefiting from secular growth in institutional asset pooling and ETF flows.
QoQ total fee revenue declined 1.5% sequentially ($3.188B to $3.140B), with foreign exchange trading services dropping 13.6% QoQ and other fee revenue falling 29.0% QoQ — potential early signal of fee momentum stalling. Total assets contracted 3.6% QoQ to $403.3B.
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