Looking back on custody bank stocks’ Q2 earnings, we examine this quarter’s best and worst performers, including SEI Investments (NASDAQ: SEIC) and its peers.
Custody banks safeguard financial assets and provide services like settlement, accounting, and regulatory compliance for institutional investors. Growth opportunities stem from increasing global assets under custody, demand for data analytics, and blockchain technology adoption for settlement efficiency. Challenges include fee pressure from large clients, substantial technology investment requirements, and competition from both traditional players and fintech firms entering the space.
The 16 custody bank stocks we track reported a strong Q2. As a group, revenues beat analysts’ consensus estimates by 3.2%.
In light of this news, share prices of the companies have held steady as they are up 3.1% on average since the latest earnings results.
SEI Investments (NASDAQ: SEIC)
Founded in 1968 as Simulated Environments Inc. to train bank loan officers using computer simulations, SEI Investments (NASDAQ: SEIC) provides technology platforms, investment management, and operational solutions for financial institutions, wealth managers, and investors.
SEI Investments reported revenues of $641.6 million, up 14.7% year on year. This print exceeded analysts’ expectations by 0.7%. Overall, it was a very strong quarter for the company with a beat of analysts’ EPS estimates and AUM in line with analysts’ estimates.
Interestingly, the stock is up 8.6% since reporting and currently trades at $107.25.
Best Q2: Hamilton Lane (NASDAQ: HLNE)
With over $100 billion in assets under management and supervision, Hamilton Lane (NASDAQ: HLNE) is an investment management firm that specializes in private markets, offering advisory services and fund solutions to institutional and private wealth investors.
Hamilton Lane reported revenues of $275.3 million, up 56.5% year on year, outperforming analysts’ expectations by 21%. The business had an incredible quarter with a beat of analysts’ EPS and AUM estimates.
Hamilton Lane achieved the biggest analyst estimate beat of the whole group. The market seems happy with the results as the stock is up 7.5% since reporting. It currently trades at $102.04.
Is now the time to buy Hamilton Lane? Access our full analysis of the earnings results here, it’s free.
Weakest Q2: StepStone Group (NASDAQ: STEP)
Operating as both an advisor and asset manager with over $100 billion in assets under management, StepStone Group (NASDAQ: STEP) is an investment firm that provides clients with access to private market investments across private equity, real estate, private debt, and infrastructure.
StepStone Group reported revenues of $300.6 million, up 26.6% year on year, falling short of analysts’ expectations by 3.9%. It was a softer quarter as it posted a significant miss of analysts’ EBITDA and AUM estimates.
StepStone Group delivered the weakest performance against analyst estimates among its peers. The stock is flat since the results and currently trades at $49.88.
Read our full analysis of StepStone Group’s results here.
Ameriprise Financial (NYSE: AMP)
Founded in 1894 and spun off from American Express in 2005, Ameriprise Financial (NYSE: AMP) provides financial planning, wealth management, asset management, and insurance products to help individuals and institutions achieve their financial goals.
Ameriprise Financial reported revenues of $4.90 billion, up 13% year on year. This result surpassed analysts’ expectations by 1.9%. It was a satisfactory quarter as it also logged a beat of analysts’ EPS estimates.
The stock is up 7.3% since reporting and currently trades at $565.16.
Read our full, actionable report on Ameriprise Financial here, it’s free.
Affiliated Managers Group (NYSE: AMG)
Using a partnership approach that preserves entrepreneurial culture at its portfolio companies, Affiliated Managers Group (NYSE: AMG) is an investment firm that acquires stakes in boutique asset management companies while allowing them to maintain operational independence.
Affiliated Managers Group reported revenues of $640.7 million, up 29.9% year on year. This print beat analysts’ expectations by 9%. It was an exceptional quarter as it also put up a solid beat of analysts’ AUM estimates and an impressive beat of analysts’ EBITDA estimates.
The stock is down 1.3% since reporting and currently trades at $355.47.
Read our full, actionable report on Affiliated Managers Group here, it’s free.
Market Update
Over the past year, investors have been forced to repeatedly answer the same question: what is the market’s biggest risk? The answer has changed several times, and each shift has reshaped market leadership.
Late in 2025 and early 2026, artificial intelligence became the market’s primary uncertainty. Investors questioned whether AI would erode software pricing power and weaken competitive moats as AI made it easier to replicate once-differentiated products.
By the spring, technology took a back seat to geopolitics. The U.S. conflict with Iran briefly became the market’s dominant narrative, raising concerns about oil prices, inflation, and global growth. But as energy markets remained orderly and fears of a prolonged supply disruption faded, investors quickly turned their focus back to fundamentals.
Want to invest in winners with rock-solid fundamentals? Check out our Top 6 Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate.
