21 stories mentioning STTUpdated 1d ago
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W. Bradford Hu, Executive Vice President and Chief Risk Officer, on July 24, 2026, sold 9,758 shares in State Street (STT) for $1,800,546. Following the Form 4 filing with the SEC, Hu has control over a total of 49,794 common shares of the company, with 49,794 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/93751/000009375126000393/xslF345X05/wk-form4_1785268909.xml
Financial stocks rose in late Tuesday afternoon trading with the NYSE Financial Index advancing 0.7% and the State Street Financial Select Sector SPDR ETF (XLF) gaining 1.1%.The Philadelphia Housing Index climbed 1.5%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) added 1.1%.Bitcoin (BTC-USD) increased 0.1% to $63,726, and the yield for 10-year US Treasuries fell 3.7 basis points to 4.604%.In economic news, the Conference Board's measure of consumer confidence decreased to 90.8 in July from 92.2 in June, below the 92.4 expected in a Bloomberg-compiled survey.The Case-Shiller National Home Price Index rose 0.6% in May, after a 0.8% increase in April, before seasonal adjustment. National home prices were up 1.1% year-over-year, up from 0.9% in April.In corporate news, Visa (V) plans to trim around 2,600 jobs as part of CEO Ryan McInerney's plan to streamline operations. The cuts, representing 7% of its workforce, will mainly affect technology and product teams. Visa shares rose 1.9%.PayPal (PYPL) raised its full-year adjusted earnings guidance after reporting Q2 results above consensus estimates. Its shares gained 4.5%.Brookfield Asset Management (BAM) plans to focus renewable energy investments in India on states with stronger power grids as transmission constraints limit wind and solar generation elsewhere, Bloomberg reported Tuesday. Brookfield shares added 0.9%.State Street (STT) said Tuesday it reached a preliminary deal to buy a securities services joint venture operating in Brazil, Mexico, and Colombia from Santander (SAN) and Caceis. The targeted business manages about $470 billion in assets under custody alongside $225 billion in assets under administration, the company said. State Street shares were down 1.1%, and Santander was shedding 0.2%.
State Street (STT) said Tuesday it reached a preliminary deal to purchase a securities services joint venture operating in Brazil, Mexico, and Colombia from Santander Group and CACEIS.The targeted business manages approximately $470 billion in assets under custody alongside $225 billion in assets under administration, the company said.State Street intends to keep current regional employees and maintain existing operational licenses to expand its local custody and banking services, with the acquisition expected to close in 2027, State Street said.Shares of the company were down 1.8% in Tuesday trading.Price: $181.11, Change: $-3.55, Percent Change: -1.92%
Ronald P O'Hanley, Director, Chairman, CEO, and President, on July 21, 2026, sold 14,553 shares in State Street (STT) for $2,680,226. Following the Form 4 filing with the SEC, O'Hanley has control over a total of 311,286 common shares of the company, with 240,959 shares held directly and 70,327 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/93751/000009375126000390/xslF345X05/wk-form4_1784837534.xml
Kathryn M Horgan, Executive Vice President, on July 21, 2026, sold 5,523 shares in State Street (STT) for $1,017,171. Following the Form 4 filing with the SEC, Horgan has control over a total of 103,171 common shares of the company, with 103,171 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/93751/000009375126000391/xslF345X05/wk-form4_1784837538.xml
State Street (STT) has an average rating of overweight and mean price target of $196.61, according to analysts polled by FactSet.Price: $183.30, Change: $-2.36, Percent Change: -1.27%
Financial stocks edged up in late Thursday afternoon trading, with the NYSE Financial Index up 0.1% and the State Street Financial Select Sector SPDR ETF (XLF) 0.2% higher.The Philadelphia Housing Index rose 1.6%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was up 1.8%.Bitcoin (BTC-USD) was shedding 0.8% to $64,191, and the yield for 10-year US Treasuries rose 2.4 basis points to 4.569%.In economic news, US retail sales rose 0.2% in June, following a 1.0% gain in the prior month, and meeting expectations in a survey compiled by Bloomberg.Initial jobless claims dropped to 208,000 in the week ended July 11 from 216,000 in the previous week, compared with expectations for an increase to 217,000.In corporate news, Apollo Global Management (APO) plans to allocate as much as $20 billion to financing projects in Mexico as it seeks new opportunities for its private credit business, Bloomberg reported. Apollo shares were up 0.7%.BlackRock (BLK) delivered a largely clean Q2 performance, with margin expansion reinforcing confidence that organic base fee growth can be sustained at the high end of guidance, UBS said in a note. UBS kept its buy rating and raised the price target to $1,320 from $1,270. BlackRock shares were down 0.7%.U.S. Bancorp (USB) and State Street (STT) reported higher Q2 earnings year over year on Thursday, as both lenders topped revenue estimates amid strong net interest income and fee-based gains. U.S. Bancorp shares rose 1.5%, and State Street was shedding 0.8%.Voya Financial (VOYA) has attracted informal takeover interest in recent weeks, though no talks are underway and the company's management and board are not seeking a transaction, Semafor reported. Voya shares rose 1.4%.
Financial stocks were higher in Thursday afternoon trading, with the NYSE Financial Index adding 0.3% and the State Street Financial Select Sector SPDR ETF (XLF) advancing marginally.The Philadelphia Housing Index was climbing 1.5%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was up 1.4%.Bitcoin (BTC-USD) was shedding 0.5% to $64,377, and the yield for 10-year US Treasuries was rising 1.9 basis points to 4.57%.In economic news, US retail sales rose by 0.2% in June, following a 1.0% gain in the prior month and meeting expectations in a survey compiled by Bloomberg.Initial jobless claims dropped to 208,000 in the week ended July 11 from 216,000 in the previous week, compared with expectations for an increase to 217,000.The Philadelphia Federal Reserve's monthly manufacturing index rose to 41.4 in July from 10.3 in June, compared with expectations for a smaller increase to a reading of 12.5.In corporate news, U.S. Bancorp (USB) and State Street (STT) reported higher Q2 earnings year over year on Thursday, as both lenders topped revenue estimates amid strong net interest income and fee-based gains. U.S. Bancorp shares rose 1.7%, and State Street was down 1.1%.Voya Financial (VOYA) has attracted informal takeover interest in recent weeks, though no talks are underway and the company's management and board are not seeking a transaction, Semafor reported. Voya shares were up 1.1%.Visa (V) said Thursday it launched the Visa Stablecoin Platform, which is designed to help financial institutions, fintechs and crypto-native firms access stablecoin functionality through a single Visa-managed environment. Visa shares climbed 1.9%.
Financial stocks were advancing in Thursday afternoon trading, with the NYSE Financial Index and the State Street Financial Select Sector SPDR ETF (XLF) each increasing 0.2%.The Philadelphia Housing Index was climbing 1.5%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was up 1.5%.Bitcoin (BTC-USD) was shedding 0.5% to $64,377, and the yield for 10-year US Treasuries was rising 3.5 basis points to 4.58%.In corporate news, US Bancorp (USB) and State Street (STT) reported higher Q2 earnings year over year on Thursday, as both lenders topped revenue estimates amid strong net interest income and fee-based gains. US Bancorp shares rose 1.8%, and State Street was down 1.3%.
US Bancorp (USB) and State Street (STT) reported higher second-quarter earnings year over year on Thursday, as both lenders topped revenue estimates amid strong net interest income and fee-based gains.US Bancorp's earnings per share for the June quarter rose to $1.35 from $1.11 a year earlier, exceeding the FactSet-polled consensus of $1.28. Net revenue grew 10% to a record $7.71 billion, while analysts expected $7.58 billion.On a taxable-equivalent basis, the US Bank parent's net interest income increased 7.5% to $4.39 billion, driven by loan growth. Noninterest income jumped about 14% amid higher fee revenue and an additional boost from the recently-completed acquisition of investment bank BTIG.US Bancorp benefited from strong loan growth and record consumer deposits in the second quarter, Chief Executive Gunjan Kedia said in a statement. "Credit quality continues to improve," Kedia said.Big banks including JPMorgan Chase (JPM), Goldman Sachs (GS) and Bank of America (BAC) all posted strong second-quarter results earlier this week amid gains in markets revenue and investment banking fees.In a separate release, State Street (STT) said its second-quarter EPS jumped to $3.65 from $2.17 a year ago. Revenue surged 17% to a record $4.05 billion, while the Street projected $3.88 billion.The financial services company's fee revenue, which accounted for the bulk of overall revenue, climbed 17%, while net interest income grew 18%.The firm logged record assets under custody and administration and assets under management, State Street CEO Ron O'Hanley said in a statement. State Street had $57.9 trillion in assets under custody and/or administration as of June 30.Shares of US Bancorp were up 1.4% intraday, taking the stock's year-to-date gains to nearly 20%. State Street rose 0.4%, with the stock having surged about 45% so far this year.Price: $63.81, Change: $+0.80, Percent Change: +1.27%
Financial stocks were advancing premarket Thursday, with the State Street Financial Select Sector SPDR ETF (XLF) up 0.1%.The Direxion Daily Financial Bull 3X Shares (FAS) was up 0.1% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 0.1% lower.U.S. Bancorp (USB) stock was down more than 1% even after the company posted higher Q2 earnings and net revenue.State Street (STT) reported higher Q2 earnings and revenue. Shares of State Street were down more than 1% pre-bell.Citizens Financial Group (CFG) stock was up 0.6% after the company reported higher Q2 earnings and revenue.
US equity markets were mostly tracking in the red before the opening bell Thursday as traders await the latest round of earnings and the June retail sales report.The S&P 500 edged down 0.1% and the Nasdaq was off 0.5% in premarket activity, while the Dow Jones Industrial Average rose 0.2%. The three main indexes finished Wednesday trading higher for the second consecutive session.UnitedHealth (UNH), GE Aerospace (GE), Abbott Laboratories (ABT), Prologis (PLD), US Bancorp (USB), State Street (STT) and Citizens Financial (CFG) are expected to report their latest financial results before the bell, among others. Streaming giant Netflix (NFLX) posts its earnings after the markets close.Taiwan Semiconductor Manufacturing's (TSM) US-listed shares declined 3.9% pre-bell after the semiconductor manufacturer reported its second-quarter results. United Airlines (UAL) was down 2.3% as the air carrier flagged an additional $6 billion in fuel costs for 2026 amid rising oil prices.J.B. Hunt Transport Services (JBHT) jumped 6.4% as the transportation and logistics company's second-quarter results topped market estimates. Apple (AAPL) added 0.2% after finishing Wednesday with a 4% gain amid media reports that the iPhone maker has held talks with bankers in recent months about possible acquisitions of chip companies.Last month's retail sales report is out at 8:30 am ET.Government data showed Wednesday that producer prices unexpectedly dropped on a monthly basis in June amid a steep decline in the cost of energy products. Earlier in the week, an official report showed that consumer prices decreased last month for the first time in more than six years."While still nominally elevated at a dangerously high level, the relative improvement in inflation in June emboldens the more dovish argument that price pressures are already cooling and could retreat further into year-end as the lingering impact from tariffs falls off and energy prices potentially normalize amid -- still tentative -- but ongoing, US-Iran peace negotiations," Stifel said in a note Wednesday.US Treasury yields were up in premarket action, with the two-year rate increasing 3.2 basis points to 4.16% and the 10-year rate adding 2.8 basis points to 4.57%.Thursday's economic calendar also has the weekly jobless claims bulletin at 8:30 am, along with the Philadelphia Fed manufacturing index for July. The housing market index for the current month and the pending home sales index for June are both out at 10 am.Federal Reserve Vice Chair Philip Jefferson, Dallas Fed President Lorie Logan and Kansas City Fed President Jeffrey Schmid are all slated to speak on Thursday.Inflation is more likely to accelerate than cool given price pressures arising from an artificial intelligence boom and major supply shocks, Fed Governor Lisa Cook said Wednesday. Separately, New York Fed President John Williams said that inflation should ease in the next few quarters as energy prices retreat.West Texas Intermediate crude oil dipped less than 0.1% to $79.59 a barrel before the open, while Brent nudged down 0.3% to $84.72.The US Central Command said Wednesday its forces disabled an unladen oil tanker attempting to transit towards an Iranian port in the Arabian Gulf. The US resumed its naval blockade on Iranian ships and ports earlier this week.A spokesperson for Iran's top military command reportedly said Thursday that it will destroy key infrastructure in the Middle East if the US follows through on President Donald Trump's threat to attack power plants and bridges in the country in case a deal isn't finalized, CNBC reported.Gold decreased 0.3% to $4,039 per troy ounce, while bitcoin fell 1.1% to $64,176.
Wall Street banks and smaller competitors remain attractive investment opportunities as financial institutions are set to report earnings this week, according to analysts at BofA Securities and KBW."Our conversations indicate a long bias toward bank stocks that have emerged as an island of stability in a financials sector where stocks have been rocked by fears due to (artificial intelligence) disruption risks, and the adoption of digital assets," Ebrahim Poonawala, head of North American banks research at BofA, said in a note to clients.Long-only investors and portfolio managers are looking for proof that earnings momentum will continue into 2027, he said. That would make the group a "reliable play" as investors move away from chip stocks, Poonawala said.Bank stocks so far this year have performed better than the broader market. The KBW Nasdaq Bank Index is up about 14% so far this year, compared with a 10% gain in the S&P 500 Index."While this has pushed relative multiples higher, relative valuations remain well-below long-term averages," KBW banking analyst Christopher McGratty said in a July 8 note to clients.Banking giants JPMorgan Chase (JPM), Bank of America (BAC), Goldman Sachs (GS), Wells Fargo (WFC) and Citigroup (C) are expected to release quarterly results before markets open in the US on Tuesday. Morgan Stanley (MS) reports Wednesday, followed by US Bancorp (USB) on Thursday.BofA's Poonawala said a key question for bank profitability is how firms are performing on net interest income -- the difference between the money a bank generates from interest-bearing assets such as loans and securities and the interest it pays out to depositors and lenders."Investors appear increasingly willing to tolerate modest margin pressure if banks can deliver improving NII," he said. "The key debate is whether management teams can offset deposit competition with asset repricing, loan growth, fee growth and operating leverage."Poonawala's favorite names in the banking sector are Citi, Morgan Stanley, State Street (STT), PNC Financial Services (PNC), Huntington Bancshares (HBAN) and US Bancorp. He categorized M&T Bank (MTB), Regions Financial (RF) and Fifth Third Bancorp (FITB) as "crowded relative shorts," according to the note.Investors are looking for JPMorgan, the largest US bank by assets, to guide on net interest income and trends in capital markets, he said.If JPMorgan raises its NII guidance excluding markets and says there's no incremental increase in its expense outlook, it "could trigger sustained stock outperformance," Poonawala said.KBW said it is sticking with its view that so-called universal banks -- Wells Fargo, Citi, Morgan Stanley, Bank of America, JPMorgan and Goldman Sachs -- will continue to benefit from "multi-year structural tailwinds for capital markets and capital return."Stocks that KBW recommends investors hold overweight positions in include Morgan Stanley, PNC, Popular (BPOP), Flagstar Bank (FLG) and Hancock Whitney (HWC).KBW no longer expects the Federal Reserve to cut interest rates this year and believes the year will end with a Fed funds rate of 3.75%. The yield on the 10-year Treasury bond is expected to be 4.4% through the end of 2027, up from a previous estimate of 4.2%, KBW said. Gross-domestic product growth should come in at 2.1% this year and 2% next year, with unemployment between 4.3% and 4.5%, KBW predicted."A higher-for-longer interest rate outlook is firmly entrenched in market expectations," McGratty said in his research note.Another buoyant factor for banks was IPO volumes and mergers and acquisitions, he said."Investment banking results for (the second quarter) are expected to be strong with pockets of M&A advisory fees expected to aid top-line results, though equity underwriting is expected to be the story of (the quarter), with the bulge brackets set to benefit the most following elevated issuance from mega-deals pricing during the quarter," McGratty said.Deals in the quarter included SpaceX's (SPCX) record IPO in June.Matthew Leising
Major US banks could top second-quarter earnings expectations amid gains from capital markets activity, with JPMorgan Chase (JPM) and Wells Fargo (WFC) seen as having the "most interesting" setups heading into the results, BofA Securities said Tuesday.JPMorgan, Wells Fargo, Citigroup (C), Goldman Sachs (GS), Morgan Stanley (MS), Bank of New York Mellon (BNY), State Street (STT), and Northern Trust (NTRS) may also raise their guidance for the second half of the year and 2027, the brokerage said. Several mega-cap banks are scheduled to release their quarterly results next week.BofA revised its second-quarter earnings-per-share estimates for the eight banks by 1.8% on average, indicating year-over-year growth of 27%."Capital markets should drive EPS beats, but it is the non-capital markets results that are more likely to drive stock price action," BofA analyst Ebrahim Poonawala said in a note to clients. "While (Wall) Street tends to look past trading/investment banking beats, potential for positive net interest income revisions and stronger wealth management flows likely get rewarded despite a high bar."JPMorgan and Wells Fargo have the "most interesting" setups heading into the latest prints, according to the note.JPMorgan's stock offers "the most asymmetric risk/reward," BofA said. The brokerage revised its second-quarter EPS estimate for the banking giant to $5.59 from $5.48 amid robust capital markets revenue growth. BofA raised its price target on the stock to $408 from $362.For Wells Fargo, the brokerage continues to expect second-quarter EPS of $1.72. It raised its price target on the lender's shares to $102 from $95. BofA, however, said investors must regain confidence that Wells Fargo can deliver superior growth without materially deviating from its 17% to 18% ROTCE guidance.Citigroup's stock is discounting a "significant" improvement in its return on tangible common equity, which could lead investors to seek better entry points for the stock, BofA said. The brokerage is now projecting second-quarter EPS of $2.65 for the bank, up from $2.60 previously. BofA raised its price target on the stock to $176 from $170.For Goldman, the brokerage now expects second-quarter EPS of $14.11, up from $13.18 previously. BofA boosted its price target on the stock to $1,150 from $1,050. "While there is little disagreement on the strong revenue backdrop for (Goldman), we believe investors will need to gain confidence in EPS/ROE defensibility, in order to gain comfort in holding the stock following the (year-to-date) outperformance," Poonawala said.BofA raised its second-quarter EPS forecast for Morgan Stanley to $2.81 from $2.71, also citing stronger capital markets revenue growth. The brokerage lifted its price target on the shares to $250 from $225.Price: $337.84, Change: $+0.11, Percent Change: +0.03%
Financial stocks rose in late Friday afternoon trading, with the NYSE Financial Index increasing 1.3% and the State Street Financial Select Sector SPDR ETF (XLF) adding 1.4%.The Philadelphia Housing Index was up 0.4%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) added 0.7%.Bitcoin (BTC-USD) was increasing 0.2% to $63,705, and the yield for 10-year US Treasuries rose 1.8 basis points to 4.48%.In economic news, US consumer sentiment has rebounded in June as gasoline prices eased, while the inflation outlook dropped, the University of Michigan's preliminary survey showed Friday. The main sentiment index rose 9.2% sequentially to 48.9 this month, following three consecutive drops. The consensus was for a 46 print in a Bloomberg poll.In sector news, US banking regulators are ramping up their review of the use of AI in financial services, along with its potential risks, Reuters reported. The US Federal Reserve and the Office of the Comptroller of the Currency have started asking banks to detail their use of AI in lending and customer checks, among other processes, during routine bank assessments, the report said.In corporate news, Robinhood (HOOD) saw heavy traffic Friday, leading to latency and intermittent issues for some customers, the company's official help account said in a post on X. Essential systems have recovered and teams are closely monitoring the situation, according to the social media post. Robinhood shares rose 1.4%.Vanguard has surpassed BlackRock (BLK) to become the largest exchange-traded fund issuer in the US, with about $4.39 trillion in assets across its US-listed ETFs, Bloomberg reported. The milestone follows approximately $13 billion in net inflows in the latest session, pushing Vanguard's ETF assets above the roughly $4.36 trillion managed by BlackRock, the report said. BlackRock shares were up 1.6%.BlackRock and State Street Investment Management (STT) are facing fresh competition as New York City's pension system opens a bidding process for about $92 billion of stock index funds the two firms currently oversee, Bloomberg reported. BlackRock manages about $65 billion of the passive equity portfolio and State Street about $27 billion, the report said. State Street shares rose 1.5%.HSBC (HSBC) has roughly $400 million of exposure to IFFCO, a consumer goods company in the Middle East that has struggled for months to restructure about $2 billion in debt, Bloomberg reported. HSBC shares were rising 2.1%.
Financial stocks were advancing in late Friday afternoon trading, with the NYSE Financial Index and the State Street Financial Select Sector SPDR ETF (XLF) each rising 1.3%.The Philadelphia Housing Index was up 0.5%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) added 0.9%.Bitcoin (BTC-USD) was increasing 0.1% to $63,652, and the yield for 10-year US Treasuries rose 1.4 basis points to 4.477%.In corporate news, BlackRock (BLK) and State Street Investment Management (STT) are facing fresh competition as New York City's pension system opens a bidding process for about $92 billion of stock index funds the two firms currently oversee, Bloomberg reported. BlackRock manages about $65 billion of the passive equity portfolio and State Street about $27 billion, the report said. BlackRock and State Street shares were each up 1.5%.
BlackRock (BLK) and State Street Investment Management (STT) are facing fresh competition as New York City's pension system opens a bidding process for about $92 billion of stock index funds the two firms currently oversee, Bloomberg News reported Friday.BlackRock manages about $65 billion of the passive equity portfolio and State Street about $27 billion, the report said.The city is "a long-standing client, and we look forward to continuing our work with them," a BlackRock spokesman said, according to the report.New York City Comptroller Mark Levine and the pension trustees are seeking managers for passive public-equity indexing strategies, including traditional approaches and those focused on environmental, social and governance factors. The contract will run for an initial three years with renewal options, the comptroller said Friday in a statement.The existing contracts run through this year, and bids are due July 15.As of March 31, the pension systems held $127.11 billion in public equity investments.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $1027.67, Change: $+11.09, Percent Change: +1.09%
State Street (STT) is positioned for strong capital return activity in 2026 and 2027 given its robust capital levels and pipeline of new business, RBC Capital Markets said in a Friday note.The company "continues to win new mandates for its products and services," with a business model that continues to yield strong profits as shown by its 20% return on tangible common equity in Q1, RBC said. State Street also achieved new records for revenue and assets under management in Q1, the brokerage noted.State Street reported Q1 earnings Friday of $2.49 per diluted share, compared with $2.04 a year earlier, as revenue increased to $3.80 billion from $3.28 billion. According to RBC, the company raised its 2026 outlook across all key financial metrics to reflect the Q1 results and ongoing organic momentum.RBC also raised its 2026 and 2027 EPS estimates for the company, now expecting $12.20 in 2026 EPS from $11.85 and $13.30 in 2027 EPS from $13.05.RBC lifted its price target on State Street to $155 from $135, with a sector perform rating.Price: $149.11, Change: $+3.67, Percent Change: +2.53%
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We raise our target by $19 to $164, using a forward P/E of 13.3x our 2026 earnings estimate, compared to the three- and five-year historical averages of 13.5x and 13.0x, respectively. We think strong execution and low-teen Y/Y earnings growth are key drivers. We lift our 2026 EPS view by $0.65 to $12.35 and 2027's by $1.00 to $13.50 on projected revenue of $15.4B in 2026 and $15.7B in 2027. STT reported exceptional Q1 2026 results, demonstrating the strength of its diversified fee-based business model and disciplined execution. It realized return on equity of 11.6% and return on tangible common equity of 17.6%, vs 10.6% and 16.4% a year ago due to some one-time items. With book value at $87.33 and net tangible book value at $56.59, the current price multiples to these metrics are 1.7x and 2.6x, which we view as reasonable, provided we see earnings growth. STT shares currently trade at a 510-bp discount to the S&P 500, and capital returns were $400M in share buybacks and $233M in dividends in Q1 2026.
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:STT delivered strong Q1 2026 results with adjusted EPS of $2.84, beating consensus of $2.64, and total revenue of $3.80B (+16% Y/Y) driven by broad-based fee growth. The company achieved ROE of 11.6% and ROTCE of 17.6%, with record AUC/A of $54.5T (+17%) and AUM of $5.6T (+20%), while maintaining cost discipline with 86 basis points of operating leverage. We view STT's improved cost controls and strategic partnerships positively as key growth drivers supporting the investment thesis. Management maintained 2026 guidance for fee revenue growth of 4%-6%, single-digit NII growth, and expense increases of only 3%-4%, targeting 100 basis points of operating leverage. We believe STT is well positioned with its strong market position in asset servicing and management, and ability to manage costs amid moderating NII growth ahead. The company returned $633M to shareholders through $400M repurchases and $233M dividends, with a CET1 ratio of 10.6% providing adequate capital flexibility for continued growth.
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