The financial services firm targets mid-20s return on tangible common equity alongside double-digit fee revenue expansion.
State Street Corporation outlined financial targets for Q2 2026, including a 35% pretax margin and mid-20s return on tangible common equity (ROTCE). The firm projects fee revenue growth of 12%-13% by the period, citing strong execution and client engagement in its latest earnings call.
The targets follow a robust second-quarter performance, driven by momentum across its businesses. Prior guidance had not specified these metrics, marking a clear commitment to sustained profitability and revenue expansion.
Management attributed the outlook to disciplined operations and deepening client relationships, though no immediate market reaction was detailed in the source.