Citigroup cuts target for State Street stock from USD 212 to USD 190
Published on 10/18/2026 at 13:35 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst revisions shape the picture
- Citigroup cut its State Street target from USD 212.00 to USD 190.00 on October 16, 2026.
- Third-quarter revenue reached USD 4.00 billion, up 13.00 percent year over year.
- State Street had a USD 45.5 billion market capitalization as of October 16, 2026.
State Street Corporation (ISIN US8574771031) became the subject of a sharper analyst reset after Citigroup cut its price target from USD 212.00 to USD 190.00 on October 16, 2026, according to MarketBeat. The bank kept a buy rating, while the latest quarter delivered adjusted earnings per share of USD 3.69 against USD 3.68 consensus.
Three revisions followed results
State Street's third-quarter revenue rose 13.00 percent year over year to USD 4.00 billion, but it came in below the USD 4.03 billion consensus estimate, according to MarketBeat. The mixed result helps explain why target changes have diverged despite the earnings-per-share beat.
Chronology matters. On October 14, 2026, State Street reported USD 3.69 adjusted earnings per share and USD 4.00 billion in revenue, according to Yahoo Finance. On October 15, 2026, Keefe, Bruyette and Woods raised its target from USD 220.00 to USD 230.00, according to MarketBeat. On October 16, 2026, Citigroup cut its target from USD 212.00 to USD 190.00, according to MarketBeat.
What do the targets say about growth?
The revisions put fee growth and interest income at the center of the debate. State Street raised its full-year 2026 fee-revenue growth outlook to 13.00 percent to 14.00 percent from 12.00 percent to 13.00 percent, while net interest income growth guidance moved to 15.00 percent to 16.00 percent from 14.00 percent to 15.00 percent, reported Yahoo Finance. Net interest income reached USD 864.00 million in the third quarter, up 21.00 percent year over year, while fee revenue rose 11.00 percent.
The counter-factor is revenue quality. Total revenue declined 1.00 percent from the previous quarter even as servicing fees reached a record USD 1.50 billion and management fees reached USD 797.00 million in the third quarter, according to Yahoo Finance.
Stock context for investors
The last available euro quote came from Tradegate and stood at EUR 148.95 on October 15, 2026 at 10:00 p.m. CEST. State Street had a market capitalization of USD 45.5 billion and a 52-week range of USD 104.64 to USD 195.93 as of October 16, 2026.
The further course of trading is shown by the continuously updated real-time quote of State Street stock.
State Street stock facts
- Company: State Street Corporation
- ISIN: US8574771031
- Ticker: STT
- Primary exchange: NYSE
- Market capitalization: USD 45.5 billion (as of October 16, 2026)
- 52-week range: USD 104.64-195.93 (as of October 16, 2026)
- Sector / Industry: Financial Services / Asset Management
Market context: Market report S&P 500.
