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Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions.
| Analyst | Firm | Questions · challengingPercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Jim Mitchell | Seaport Research Partners | 13 questions · 0% challenging |
| Alex Blostein | Goldman Sachs | 11 questions · 18% challenging |
| Ken Usdin | Autonomous Research | 11 questions · 9% challenging |
| Glenn Schorr | Evercore ISI | 11 questions · 18% challenging |
| Mike Mayo | Wells Fargo | 11 questions · 45% challenging |
| Gerard Cassidy | RBC Capital Markets | 10 questions · 0% challenging |
| Brennan Hawken | BMO Capital Markets | 9 questions · 11% challenging |
| Vivek Juneja | JPMorgan | 8 questions · 50% challenging |
| David Smith | Truist Securities | 7 questions · 0% challenging |
| Ebrahim Poonawala | Bank of America | 6 questions · 17% challenging |
| Firm | Analysts | Questions · challengingPercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Seaport Research Partners | 1 analyst | 13 questions · 0% challenging |
| Autonomous Research | 1 analyst | 11 questions · 9% challenging |
| Evercore ISI | 1 analyst | 11 questions · 18% challenging |
| Goldman Sachs | 1 analyst | 11 questions · 18% challenging |
| Wells Fargo | 1 analyst | 11 questions · 45% challenging |
| RBC Capital Markets | 1 analyst | 10 questions · 0% challenging |
| BMO Capital Markets | 1 analyst | 9 questions · 11% challenging |
| JPMorgan | 1 analyst | 8 questions · 50% challenging |
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Record quarterly revenue of $3.8 billion grew 16% excluding notable items with fee revenue surging 15% and NII breaking out at 17% growth, as State Street achieved its ninth straight quarter of operating leverage. The fee revenue guide was raised from 4-6% to 7-9% and NII guide from low single digits to 8-10%, reflecting broad-based strength including record FX volumes, SPYM becoming the world's largest asset-gathering ETF with $27 billion in inflows, and NIM expanding to 116 basis points. AI deployment scaled to over 200 use cases with agentic capabilities while the digital asset platform went live.
Credit | Revenue Growth | Competitive Dynamics | Macroeconomic | Capital Allocation | Innovation & R&D | Demand | Margin | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 7 | 4 | 3 | 1 | 3 | 2 | 2 | |
| 2025Q1 | 5 | 4 | 3 | 7 | 2 | 1 | 2 | 1 |
| 2025Q2 | 3 | 7 | 5 | 5 | 3 | 3 | 2 | |
| 2025Q3 | 4 | 3 | 6 | 3 | 2 | 3 | 2 | 3 |
| 2025Q4 | 5 | 4 | 3 | 1 | 5 | 4 | 1 | 2 |
| 2026Q1 | 3 | 4 | 3 | 2 | 1 | 3 | 3 | 4 |
| '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | |
|---|---|---|---|---|---|---|
| Credit | 7 | 5 | 3 | 4 | 5 | 3 |
| Revenue Growth | 4 | 4 | 7 | 3 | 4 | 4 |
| Competitive Dynamics | 3 | 3 | 5 | 6 | 3 | 3 |
| Macroeconomic | 1 | 7 | 5 | 3 | 1 | 2 |
| Capital Allocation | 3 | 2 | 3 | 2 | 5 | 1 |
| Innovation & R&D | 2 | 1 | 3 | 3 | 4 | 3 |
| Demand | 2 | 2 | 2 | 2 | 1 | 3 |
| Margin | 1 | 3 | 2 | 4 |
Calendar quarter Q1 2026Earnings call Apr 17, 2026
FY2026 Q1 in brief
Record quarterly revenue of $3.8 billion grew 16% excluding notable items with fee revenue surging 15% and NII breaking out at 17% growth, as State Street achieved its ninth straight quarter of operating leverage.
Newest quarter is part of Pro ·
Sources. Tellvest earnings-call sentiment score for State Street Corporation (STT), FY2026 Q1: 9/10. Scores: State Street Corporation’s public earnings-call transcripts and SEC-reported results — the base band is anchored to reported GAAP revenue growth; transcript, EPS and guidance adjustments are applied separately (documented exceptions apply to a few issuers). Price: STT daily closing prices for the trailing year; dots mark earnings calls, colored by that quarter’s score; the newest quarter’s score is part of Tellvest Pro. How to read a company earnings-call score.
What STT and other companies said about each other on FY2026 Q1 earnings calls — extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“with the expanded partnerships with BlackRock and State Street, we look forward to working with them to make the Nasdaq 100 more accessible to their investor universe and to help drive additional institutional adoption.”
State Street becomes a new Nasdaq-100 index licensee/ETF partner, giving Nasdaq additional distribution for its flagship index into State Street's investor universe.
“in connection with the support of State Street's product that mixed for the first time public and private investment grade, we began market making.”
Apollo began market-making in private assets in support of a State Street product blending public and private investment grade, a distribution partnership for State Street.
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| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Net margin |
|---|---|---|---|---|---|
| FY2024 Q4 | $5.67B | +14.4% | $2.46 | +347.3% | 13.8% |
| FY2025 Q1 | $5.49B | +3.4% | $2.04 | +48.9% | 11.7% |
| FY2025 Q2 | $5.79B | +6.3% | $2.17 | +0.9% | 12.0% |
| FY2025 Q3 | $5.75B | +3.8% | $2.78 | +23.0% | 15.0% |
| FY2025 Q4 | $5.59B | -1.4% | $2.41 | -2.0% | 13.4% |
| FY2026 Q1Selected | $5.61B | +2.2% | $2.49 | +22.1% | 13.6% |
| FY2026 Q2 | $4.05B | +16.7% | $3.65 | +68.2% | 26.8% |
Management’s own words, often on a non-GAAP, constant-currency, or adjusted basis — so these can differ from the GAAP figures above (e.g. constant-currency revenue growth excludes currency swings).
GAAP revenue YoY +2.18% → base 5. The base score is anchored to the GAAP revenue YoY band before transcript, EPS, and guidance adjustments.
“On Schwab, we do not have a concrete plan yet because we have not seen the final.”
State Street is evaluating how to respond to Schwab's potential distribution-platform fees for ETFs but does not see them as a material risk to its ETF business.
“Our Galaxy product is a partnership with Galaxy.”
State Street's tokenized/on-chain Galaxy liquidity product is built in partnership with Galaxy, illustrating its make-versus-partner approach in digital assets.
“our State Street Bridgewater All Weather ETF surpassed $1 billion in assets under management during the quarter”
The co-branded State Street Bridgewater All Weather ETF crossed $1B AUM, a positive signpost for the Bridgewater partnership.
“our investment-grade public and private credit ETF, developed in partnership with Apollo Global Management, reach a new high watermark during January with AUM of over $800 million”
State Street's public/private credit ETF developed with Apollo Global Management reached over $800M AUM, a positive signal for the SSGA-Apollo partnership.
“our strategic partnership with Apex Financial Solutions to build a differentiated, fully digital, and globally scalable wealth custody and clearing solution”
State Street is partnering with Apex Financial Solutions to build a digital wealth custody and clearing platform, opening a new growth avenue in wealth services.
“Fnality's work to create an ecosystem of central-bank-connected, blockchain-based payment systems”
State Street is participating in Fnality's blockchain-based, central-bank-connected payment ecosystem as part of its digital-markets strategy.
“including DTCC's tokenization efforts”
State Street is engaged in DTCC's tokenization initiatives as part of building digital-asset market infrastructure.
Reported Wednesday, Oct 14. Earnings call pending.
A pre-earnings brief is ready for STT: the setup, what peers and partners said this season, and which analysts to watch.Reading it is a Tellvest Pro feature.
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
STT State Street Corporation | 9 | +2.2% | |
| AMP Ameriprise Financial | 8 | +9.0% | |
| ARES Ares Management Corporation | 9 | +40.8% | |
| BEN Franklin Resources | 8 | +8.7% | |
| BLK BlackRock | 9 | +26.9% | |
| BNY BNY Mellon | 9 | +2.2% | |
| BX Blackstone Inc. | 8 | +39.3% | |
| IVZ Invesco | 8 | +14.1% | |
| KKR KKR | 7 | +31.0% | |
| NTRS Northern Trust | 9 | +7.8% | |
| TROW T. Rowe Price | 6 | +5.3% |