Citi cuts State Street stock target from USD 212 to USD 190

Published on 10/20/2026 at 14:19 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q3 revenue rose 13 percent to USD 4.004 billion. State Street stock costs EUR 147.58 on October 20, 2026, while NYSE last price was USD 165.43.

Earnings, targets and trading

Citigroup lowered its State Street target from USD 212 to USD 190 on October 16, 2026.
Third-quarter revenue rose 13 percent to USD 4.004 billion in the period ended September 30, 2026.
State Street stock trades at EUR 147.58 at 2:09 p.m. CEST at Lang & Schwarz on October 20, 2026.

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State Street (ISIN US8574771031) was trading at EUR 147.58 at Lang & Schwarz on October 20, 2026 at 2:09 p.m. CEST. Markets Insider reported on October 16 that Citi analyst Benjamin Gerlinger lowered the target from USD 212 to USD 190 while keeping a Buy rating. The cut followed State Street's third-quarter fee-revenue shortfall, according to the report.

Third-quarter results set the frame

State Street reported third-quarter 2026 diluted earnings per share of USD 3.69 and total revenue of USD 4.004 billion for the period ended September 30, 2026. Revenue increased 13 percent from the year-earlier quarter, while net income rose 27 percent to USD 1.090 billion. Net interest income climbed 21 percent to USD 864 million.

Three dated milestones show the shift

On July 16, 2026, State Street reported second-quarter diluted earnings per share of USD 3.65, compared with USD 3.34 consensus, while revenue reached USD 4.05 billion, as Yahoo Finance reported. On October 14, 2026, the company published third-quarter earnings of USD 3.69 per share and USD 4.004 billion in revenue. On October 16, Citi cut its target from USD 212 to USD 190.

What does the target cut change?

The new target remains above the latest primary-market price, but it lowers the valuation hurdle after a strong earnings quarter. State Street's last NYSE price was USD 165.43 on October 19, 2026 at 4:02 p.m. ET, putting the USD 190 target 14.85 percent above that level. The 52-week range was USD 111.63 to USD 195.93 on the same market-data date.

Next reporting date

Zacks lists January 15, 2027 as State Street's next expected earnings release date. The estimate for December 2026 diluted earnings per share is USD 3.63, compared with USD 3.69 in the third quarter.

Trading context for State Street

State Street had a market capitalization of USD 45.4 billion as of October 19, 2026, with 2,460,753 shares traded in the latest reported session. The company is listed on the NYSE under ticker STT, and its 52-week high of USD 195.93 leaves the stock below the year's upper boundary.

State Street was trading at EUR 147.58 at Lang & Schwarz on October 20, 2026 at 2:09 p.m. CEST.

The further course of trading is shown by the continuously updated real-time quote of State Street stock.