State Street reports Q2 2026 earnings as BNY peer results loom

State Street Corp. reported second-quarter 2026 earnings Thursday, posting financial results on its investor relations website ahead of a conference call scheduled for 11 a.m. ET.

The Boston-based custody bank and asset manager released its earnings statement, supplementary presentation and additional financial information on its investor relations portal, http://investors.statestreet.com. The company did not immediately disclose specific revenue or earnings per share figures in the release notice.

State Street's results come one day after peer custody bank Bank of New York Mellon reported a second-quarter earnings beat driven by growth in net interest income and fee revenue, and announced a dividend increase. BNY's performance sets a comparable benchmark for State Street, which operates in the same custody, asset servicing and investment management businesses.

The conference call at 11 a.m. ET will cover the firm's financial results, outlook and related matters. Chief Executive Officer Ron O'Hanley and Chief Financial Officer Eric Aboaf are expected to discuss segment performance across State Street's investment servicing and investment management divisions, as well as the trajectory for net interest income in the current rate environment.

State Street, which had $4.4 trillion in assets under custody and administration and $4.1 trillion in assets under management as of its first-quarter 2026 report, faces a rate environment that has pressured net interest income across the custody banking sector. The Federal Reserve held its benchmark rate steady at 5.25% to 5.50% at its June meeting, with markets pricing in a potential cut in September.

The Q2 results will show whether State Street maintained its fee revenue momentum and managed expense growth in a competitive hiring market for financial technology talent. Investors will also watch for updates on the company's cost-saving initiatives and its progress in growing its asset management franchise.

This article is for informational purposes only and does not constitute investment advice.