State Street screens best among custody banks for 2026 outperformance, Citi says
Citi has rated State Street (STT) as a top performer among custody banks for 2026, projecting a 6% higher net interest income than consensus estimates. The firm maintains a Buy rating on STT, while giving Neutral ratings to Bank of New York Mellon (BK) and Northern Trust (NTRS). Citi raised price targets for STT to $150, BK to $120, and NTRS to $143. Despite a slight decline in STT stock, Citi anticipates positive earnings growth driven by net interest margin expansion and improved fee realization rates.
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