State Street Lifts FY26 Fee Revenue Outlook to 12-13% Growth
STT sits 84% above its 52-week low of $101.98.
Summary
State Street raised its full-year 2026 fee revenue growth forecast to 12-13% year-over-year, up from prior guidance. The upgrade follows record Q2 results reported today—$4.0B in revenue and $3.65 EPS—and signals management's confidence in sustained momentum across its asset servicing and management businesses. The company's quarterly profit jumped 56% on strong fee income, with revenue beating estimates on higher servicing and management fees. This is the second consecutive quarter of double-digit growth, and the new outlook implies accelerating fee income through year-end. The stock is already trading near its 52-week high, so the guidance raise could push it into new territory.
At the time of this announcement, STT was trading at $187.90 on NYSE in the Finance sector, with a market capitalization of approximately $51.6B. The 52-week trading range was $101.98 to $186.99. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.