State Street stock: Citigroup cuts target for State Street stock from USD 212.00 to USD 190.00
Published on 10/24/2026 at 03:27 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSTarget revisions and reporting dates
- Citigroup cut its State Street target from USD 212.00 to USD 190.00 on October 16, 2026.
- Third-quarter 2026 revenue reached USD 4.004 billion and adjusted earnings per share were USD 3.69.
- State Street plans to redeem USD 500.0 million of notes on November 18, 2026.
- The next earnings release is scheduled for January 15, 2027.
State Street (ISIN US8574771031) reported adjusted earnings per share of USD 3.69 and revenue of USD 4.004 billion for the third quarter of 2026, according to MarketScreener. Revenue increased 13.00 percent from the year-earlier quarter, while adjusted earnings per share exceeded the USD 3.68 consensus estimate by USD 0.01.
Citigroup lowers its target
Citigroup cut its State Street price target from USD 212.00 to USD 190.00 on October 16, 2026, while maintaining a Buy rating, as reported by MarketScreener. The revised target keeps the analyst view positive, but the USD 22.00 reduction places greater weight on execution after the quarterly report.
Three events shape the picture
State Street elected Alexander Vollert as an independent director on October 9, 2026, with a pro rata 2026-2027 annual retainer of USD 110,000 and a common stock retainer of USD 235,000, according to the SEC. On October 14, State Street reported third-quarter revenue of USD 4.004 billion and adjusted earnings per share of USD 3.69. Citigroup's October 16 target reduction to USD 190.00 was the latest of the three events.
What comes next for State Street?
The company notified noteholders on October 14, 2026 that it will redeem USD 500.0 million of senior notes on November 18, 2026, using cash on hand, according to the SEC. The next earnings release is expected on January 15, 2027, according to Zacks.
Market value and operating scale
State Street had a market capitalization of USD 46.1 billion as of October 23, 2026, and its 52-week range was USD 111.63 to USD 195.93. The company reported USD 59.2 trillion in assets under custody or administration and USD 6.3 trillion in assets under management as of September 30, 2026, according to State Street.
State Street stock context
State Street's latest figures combine double-digit revenue growth with a modest earnings beat, while the target revision highlights a more measured analyst view of the near-term path.
The further course of trading is shown by the continuously updated real-time quote of State Street stock.
State Street stock key facts
- Company: State Street Corporation
- ISIN: US8574771031
- Ticker: STT
- Primary exchange: NYSE
- Market capitalization: USD 46.1 billion (as of October 23, 2026)
- 52-week range: USD 111.63-195.93 (as of October 23, 2026)
- Sector / Industry: Financial Services / Asset Management
- Index membership: S&P 500
- Next earnings date: January 15, 2027
Market context: Market report S&P 500.
