State Street vs M&T Bank
This page compares State Street Corporation and M&T Bank Corporation, outlining business models, financial performance, and market context to help readers understand how each operates within the financial services landscape. The content aims to be neutral and accessible for a general audience. Educational content, not financial advice.
This page compares State Street Corporation and M&T Bank Corporation, outlining business models, financial performance, and market context to help readers understand how each operates within the finan...
Why It's Moving
State Street Shares Slide on Higher 2026 Expenses Despite Q4 Earnings Beat
- Q4 EPS beat estimates by 6%, yet stock tumbled 6% on the earnings day amid no fresh medium-term targets.
- 2026 expenses now guided 3%-4% higher year-over-year, topping the 1.6% consensus and signaling rising operational strain.
- Analysts split: Morgan Stanley and Truist cut price targets citing expenses, while TD Cowen hiked theirs on banking tailwinds.
M&T Bank Hits 52-Week High on Earnings Strength and Steady Dividends
- Q4 net income hit $759M with diluted EPS of $4.67, beating expectations and lifting full-year EPS to $17.00, underscoring earnings durability.
- Stock touched $220.60 intraday, up 3.4% that day, as analysts like Royal Bank of Canada raised targets to $220 with an outperform nod.
- Bank declared $1.50 common stock dividend and preferred dividends, reinforcing investor confidence in reliable payouts.
State Street Shares Slide on Higher 2026 Expenses Despite Q4 Earnings Beat
- Q4 EPS beat estimates by 6%, yet stock tumbled 6% on the earnings day amid no fresh medium-term targets.
- 2026 expenses now guided 3%-4% higher year-over-year, topping the 1.6% consensus and signaling rising operational strain.
- Analysts split: Morgan Stanley and Truist cut price targets citing expenses, while TD Cowen hiked theirs on banking tailwinds.
M&T Bank Hits 52-Week High on Earnings Strength and Steady Dividends
- Q4 net income hit $759M with diluted EPS of $4.67, beating expectations and lifting full-year EPS to $17.00, underscoring earnings durability.
- Stock touched $220.60 intraday, up 3.4% that day, as analysts like Royal Bank of Canada raised targets to $220 with an outperform nod.
- Bank declared $1.50 common stock dividend and preferred dividends, reinforcing investor confidence in reliable payouts.
Investment Analysis
State Street
STT
Pros
- State Street reported an 11% year-on-year increase in fee revenue, driven by record assets under custody and management.
- The company achieved a strong return on tangible common equity of 17% and a pre-tax margin of 26% in Q2 2025.
- State Street has a diversified client base and leading positions in custody, asset management, and ESG investing services.
Considerations
- State Street's net income growth has lagged behind revenue growth, with net income at $2.76 billion over the last twelve months.
- The company faces ongoing expense pressures, which have constrained profitability despite strong revenue growth.
- State Street's stock is sensitive to market volatility and broader financial sector risks, as seen in recent price swings.
M&T Bank
MTB
Pros
- M&T Bank has demonstrated consistent loan growth and strong net interest margin expansion in recent quarters.
- The bank maintains a robust capital position and a conservative balance sheet with low credit risk exposure.
- M&T Bank benefits from a diversified regional footprint and a loyal customer base across the Northeast US.
Considerations
- M&T Bank's growth is limited by its regional focus, making it less exposed to national and international expansion opportunities.
- The bank faces margin pressure from rising deposit costs and potential regulatory changes affecting lending practices.
- M&T Bank's stock has underperformed broader banking indices due to slower revenue growth compared to larger peers.
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State Street (STT) Next Earnings Date
State Street Corporation's (STT) most recent earnings for Q4 2025 were reported on January 16, 2026. The next earnings date is scheduled for April 16, 2026, covering Q1 2026 results. This aligns with the company's quarterly reporting pattern following the prior release.
M&T Bank (MTB) Next Earnings Date
M&T Bank's next earnings date is Wednesday, April 15, 2026, at 8:00 a.m. ET, covering the first quarter of 2026. This follows the company's recently announced schedule for 2026 quarterly results, with the prior Q4 2025 earnings having been released on January 16, 2026. A detailed confirmation will precede the quarter's close.
State Street (STT) Next Earnings Date
State Street Corporation's (STT) most recent earnings for Q4 2025 were reported on January 16, 2026. The next earnings date is scheduled for April 16, 2026, covering Q1 2026 results. This aligns with the company's quarterly reporting pattern following the prior release.
M&T Bank (MTB) Next Earnings Date
M&T Bank's next earnings date is Wednesday, April 15, 2026, at 8:00 a.m. ET, covering the first quarter of 2026. This follows the company's recently announced schedule for 2026 quarterly results, with the prior Q4 2025 earnings having been released on January 16, 2026. A detailed confirmation will precede the quarter's close.
Which Baskets Do They Appear In?
Banks Unleash Value
Major US banks are flexing their financial muscle by increasing dividends and launching buyback programs after acing the Fed's annual stress tests. These moves signal strength and confidence, creating opportunities for investors seeking both income and growth.
Published: July 2, 2025
Explore BasketWhich Baskets Do They Appear In?
Banks Unleash Value
Major US banks are flexing their financial muscle by increasing dividends and launching buyback programs after acing the Fed's annual stress tests. These moves signal strength and confidence, creating opportunities for investors seeking both income and growth.
Published: July 2, 2025
Explore BasketBuy STT or MTB in Nemo
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