State Street Corporation shares touched an all-time high of $195.18 during yesterday's trading session before closing at $191.74, capping a 73.7% rally over the past year that has outpaced the industry's 41% rise. Management raised its 2026 net interest income growth outlook to 14-15% from a prior 8-10% range, and now expects fee revenues to increase 12-13% in 2026, up from earlier guidance of 7-9%. At the end of the second quarter, total assets under custody and administration reached a record $57.9 trillion while assets under management hit a record $6.3 trillion, with AUM net inflows of $114 billion. Following clearance of the 2026 stress test, State Street increased its quarterly dividend by 9.5% to 92 cents per share, and as of June 30, 2026, $1.7 billion of a $5 billion share repurchase authorization remained available. The stock trades at a forward 12-month price-to-earnings multiple of 13.11 times, slightly above the industry's 13.00 times but below peers JPMorgan Chase & Co. at 14.59 times and The Bank of New York Mellon Corporation at 16.63 times.
State Street CorpRaised 2026 outlook and increased dividend
The Bank of New York Mellon Corporation
JPMorgan Chase & Co