State Street jumps as Q1 revenue surges 16% and Truist lifts target to $150
State Street shares are higher after first-quarter 2026 results showed total revenue up 16% year over year to $3.8 billion and adjusted EPS of $2.84, beating the $2.60 estimate. The stock also got a lift Monday after Truist raised its price target to $150.
1. What’s moving STT today
State Street (STT) is rising after a fresh wave of post-earnings follow-through and an early Monday analyst target increase. The company’s first-quarter 2026 report (released Friday, April 17, 2026) highlighted 16% year-over-year revenue growth to $3.8 billion and EPS of $2.84 excluding notable items, above the $2.60 consensus estimate, reinforcing confidence in the bank’s earnings momentum. (stocktitan.net)
Adding to the bullish tone on Monday, Truist raised its price target on State Street to $150, supporting incremental demand for the shares. (streetinsider.com)
2. Key numbers investors are focusing on
In the Q1 2026 release, State Street reported diluted EPS of $2.49 and EPS of $2.84 excluding notable items, with total revenue of $3.8 billion (up 16% year over year). The release also described $130 million of pre-tax notable items, largely tied to repositioning actions and client rescoping, which reduced reported EPS versus the adjusted figure investors are keying on. (stocktitan.net)
3. Why it matters for the next few weeks
A solid start to 2026 can matter disproportionately for custody and asset-servicing banks because investor sentiment tends to follow fee-revenue durability, market levels, and net interest income trajectory. With the earnings print still fresh (April 17) and price targets updating (April 20), traders are treating the quarter as a reset point for near-term expectations around profitability and operating leverage heading into the next earnings cycle. (tipranks.com)