{
  "id": 14706507,
  "title": "Keefe Bruyette raises State Street stock price target on buybacks",
  "url": "https://urgent.news/2026/10/15/keefe-bruyette-raises-state-street-stock-price-target-on-buybacks",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-15T13:42:51.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/analyst-ratings/keefe-bruyette-raises-state-street-stock-price-target-on-buybacks-93CH-4952039"
  },
  "original_language": "en",
  "account": "Keefe, Bruyette & Woods upgraded its price target on State Street stock from $220 to $230, retaining an Outperform rating. Shares saw a 4% decline after falling short of fee-driven revenue expectations, currently trading at $164.83. The company maintained its fee guidance of 13% to 14% and raised net interest income projections for 2026. State Street reported a 25% return on tangible common equity and a 34.6% pre-tax margin in Q3 2026. Buybacks surged to $400 million in the third quarter, with an expected jump to $700 million in the fourth quarter, according to Keefe Bruyette forecasts. The firm anticipates 6% revenue growth for 2027 when setting the updated price target. State Street's valuation appears favorable, trading at 10.5 times 2027 estimated earnings, or 13% below its peers. The stock's PEG ratio of 0.45 suggests strong value considering its growth prospects. Shareholders enjoy a 2.21% dividend yield, backed by a 56-year streak of consistent payouts. For comprehensive valuation insights and access to exclusive Pro Research Reports on over 1,400 US equities, visit InvestingPro. State Street is projected to achieve a 24% return on tangible common equity.",
  "summary": null,
  "key_points": [
    "Keefe, Bruyette & Woods raised State Street's price target to $230 from $220.",
    "Buybacks increased to $400 million in Q3, forecasted to reach $700 million in Q4.",
    "State Street's valuation is 13% below peers at 10.5x 2027 estimated earnings."
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}