Citigroup has upgraded State Street Corp (STT) from Neutral to Buy, reflecting a more optimistic outlook on the company's prospects. This action, taken on September 4, 2025, comes as State Street trades at $115.77 per share.
Headquartered in Boston, Massachusetts, State Street Corp provides financial services to institutional investors through its subsidiary, State Street Bank and Trust Company. The company operates in two primary segments: Investment Servicing and Investment Management. With a market capitalization of $32.5 billion and a P/E ratio of 10.91, State Street reported an EPS of 10.22. The firm also boasts a robust dividend yield of 294.7%.
The upgrade underscores potential improvements in the company's fundamentals or business performance, as well as increased confidence in its strategic direction. Analyst ratings, such as this one, offer insights based on research and financial models, although they are inherently subject to change as new information emerges.
State Street is set to report its next earnings on July 13, 2026, with an estimated EPS of $2.91 and revenue expectations of $3.6 billion. The firm has demonstrated positive earnings surprises in recent quarters, including a 4.3% surprise in Q3 2025, where EPS reached $2.78 compared to an estimate of $2.67.
As of November 1, 2025, the analyst consensus for State Street stands at 3 Strong Buy, 13 Buy, 4 Hold, and 1 Sell, indicating a predominantly favorable view among analysts.
Such decisions reflect a growing confidence in State Street's ability to navigate the financial services landscape effectively.