State Street Q3 EPS Rises 33% Despite Revenue and Asset Management Misses

State Street $STT reported Q3 2026 adjusted EPS of $3.69, slightly above the $3.67 estimate and up 33% year over year. Revenue reached $4.00 billion, narrowly missing expectations of $4.03 billion.
Fee revenue also missed forecasts, while net interest income exceeded estimates at $864 million. Assets under custody and administration increased 15% to $59.17 trillion, although assets under management of $6.31 trillion fell below expectations.
The bank reported $429 billion in new servicing asset wins and announced an agreement to acquire Santander CACEIS Latam Securities Services, supporting its longer-term expansion strategy.