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BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE:STT) today announced a cash dividend on each of the below outstanding series of non-cumulative perpetual preferred stock: Series G (represented by depositary shares, each representing a 1/4000th interest in a share of Series G preferred stock). The cash dividend is in the amount of $1,337.50 per share of Series G preferred stock (resulting in a distribution of approximately $0.334375 per depositary share) and is payable on December 15, 202. ...

State Street chief investment strategist Michael Arone (left).Santa Barbara PhotographyState Street’s chief investment strategist, Michael Arone, says he’s still bullish on the market heading into 2026—just not comfortably so.“I’m uncomfortably bullish,” Arone said last Thursday to a crowded room of wealth managers at the Forbes/SHOOK Top Advisor Summit at the Wynn Las Vegas. “We’re going to get stimulus from the One Big Beautiful Bill—with a big tax refund next season, more rate cuts from the Fed, and cont ...

Gold is "another manifestation of that kind of hesitation about equity markets," Marija Veitmane, equity research head at State Street Global Markets, tells Bloomberg Television. She adds that State Street struggles to see a broadening of the market from the tech sector and has "big concerns" about defensive stocks, mainly due to "underlying profitability" issues. ...

智通财经APP获悉，全球多家头部资产管理公司管理的债券基金正通过修改投资规则，避免强制抛售法 国国债。据知情人士透露，道富集团一只规模10亿欧元(约合12亿美元)的基金，以及贝莱德集团一只规 模2.89亿欧元的产品，近期均不再将设有严格AA级信用评级标准的指数作为业绩基准。此举使其即便 在法国信用评级被下调、跌破该门槛的情况下，仍能维持对法国国债的持仓。 这种主动调整已初见成效。上周五，标普全球评级(S&P Global Ratings)突然下调评级，导致欧洲最大债 券发行国法国失去了在三大评级机构中的AA级平均评级。这将迫使其他设有极严格投资标准的基金抛 售法国国债。 "调整相关标的指数，是为响应客户的明确需求。"道富投资管理的发言人表示。贝莱德发言人则拒绝置 评。 穆迪评级(Moody's Ratings)将于本周五对法国信用评级展开新一轮评估。目前穆迪对法国的评级为 Aa3(其评级体系中最低的AA级)，展望为稳定。今年9月，惠誉评级(Fitch Ratings)已将法国信用评级从 AA-下调至A+。 法国并非唯一面临评级压力的发行方，且多数基金仍可投资其国债。但法国未偿债券规模接近3万亿欧 元，若部分基 ...

Group 1 - The article does not provide any specific content or key points related to a company or industry [1]

Core Insights - State Street Corp. reported third-quarter earnings that exceeded analyst expectations, driven by broad-based fee revenue growth [1][2] - Despite strong earnings, shares declined approximately 3% in intra-day trading following the announcement [1] Financial Performance - Adjusted earnings per share were $2.78, surpassing the consensus estimate of $2.63 [2] - Total revenue increased by 9% year-over-year to $3.55 billion, exceeding expectations of $3.46 billion [2] - This marked the seventh consecutive quarter of positive operating leverage for the company [2] Fee Revenue Breakdown - Fee revenue rose 8% to $2.83 billion, with significant contributions from various business segments [3] - Management fees increased by 16% to $612 million [3] - Servicing fees grew by 7.2% to $1.36 billion [3] - Foreign exchange trading revenue saw an 11.2% increase to $416 million [3] - Securities finance revenue jumped 19% to $138 million [3] Asset Management - Assets under custody and/or administration reached a record $51.7 trillion, up 10% from the previous year [4] - Assets under management climbed 15% to a record $5.4 trillion, supported by higher market valuations and positive net inflows [4] Net Interest Income - Net interest income decreased by 1.1% year-over-year to $715 million, primarily due to lower short-term rates and changes in deposit mix [4] - This decline was partly offset by continued loan growth and securities repricing [4]

Core Insights - State Street's (STT) Q3 2025 earnings per share (EPS) reached $2.78, exceeding the Zacks Consensus Estimate of $2.62, marking a 23% increase from the previous year [1][10] - The company's net income available to common shareholders was $802 million, reflecting a 17.6% year-over-year increase, surpassing projections of $698.1 million [2] - Total revenues amounted to $3.55 billion, an 8.8% year-over-year increase, exceeding the Zacks Consensus Estimate of $3.47 billion [3][10] Revenue and Expenses - Net interest income (NII) was reported at $715 million, down 1.1% year over year, attributed to lower average short-end rates and deposit mix shifts, with estimates at $738.2 million [3] - The net interest margin (NIM) contracted by 11 basis points year over year to 0.96%, below the expected 0.99% [4] - Total fee revenues increased by 8.1% year over year to $2.83 billion, driven by growth in nearly all components except lending-related fees, with estimates at $2.70 billion [4] - Non-interest expenses rose to $2.43 billion, a 5.5% increase from the prior year, aligning with estimates [5] Asset Management - As of September 30, 2025, total assets under custody and administration (AUC/A) reached a record $51.66 trillion, up 10.5% year over year, driven by higher equity market levels and client flows, slightly below the projected $52.04 trillion [7] - Assets under management (AUM) increased to $5.45 trillion, a 15.1% year-over-year rise, supported by higher market levels and net inflows, also below the estimate of $5.55 trillion [7] Shareholder Actions - In the reported quarter, State Street repurchased shares worth $400 million [8] Financial Ratios - The Common Equity Tier 1 ratio stood at 11.3% as of September 30, 2025, down from 11.6% in the same period of 2024 [6] - The return on average common equity improved to 13.4% compared to 12% in the year-ago quarter [6]

Core Insights - The article provides a comprehensive market analysis focusing on State Street Corp, highlighting its investment strategies and market positioning [1] Group 1: Company Overview - State Street Corp is positioned as a leading financial services provider, specializing in investment management and servicing [1] - The company has shown resilience in navigating market fluctuations, adapting its strategies to meet changing investor demands [1] Group 2: Market Trends - The analysis indicates a growing trend towards passive investment strategies, with State Street Corp capitalizing on this shift [1] - There is an increasing emphasis on environmental, social, and governance (ESG) factors in investment decisions, which State Street is integrating into its offerings [1] Group 3: Financial Performance - Recent financial results show a significant increase in assets under management, reflecting a robust demand for State Street's investment products [1] - The company reported a year-over-year revenue growth of 10%, driven by strong performance in its investment management segment [1]

Financial Data and Key Metrics Changes - The company reported quarterly earnings per share of $2.78, a 23% increase year-over-year [4][13] - Total revenue increased by 9% year-over-year to approximately $3.5 billion, with fee revenue growth of nearly 12% [13][14] - Pre-tax margin expanded approximately 270 basis points to 31%, and return on tangible common equity was approximately 160 basis points higher at 21% compared to the previous year [15][24] Business Line Data and Key Metrics Changes - In investment services, servicing fees grew by 7% year-over-year, with assets under custody and administration (AUCA) reaching a record $51.7 trillion, a 10% increase [14][16] - Management fees increased 16% year-over-year to a record $612 million, supported by higher average market levels and net inflows, with assets under management (AUM) climbing to a record $5.4 trillion [17][18] - FX trading services and securities finance revenues collectively increased by 17% year-over-year [14] Market Data and Key Metrics Changes - The company achieved nearly $50 million in servicing fee revenue wins in the quarter, bringing the year-to-date total to approximately $250 million [16] - Net inflows totaled $26 billion for the quarter, reflecting solid momentum across ETFs, cash, and institutional index fixed income [17] Company Strategy and Development Direction - The company is focused on advancing product innovation and enhancing capabilities to better serve clients, with strategic initiatives launched in the third quarter [5][6] - A strategic partnership with Apex Fintech Solutions aims to expand wealth services offerings through digital custody and clearing solutions [7][16] - The company is strategically positioning itself to bridge traditional and digital finance, with a forthcoming launch of a digital asset platform [6] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the future, highlighting strong business momentum and the effectiveness of their strategy [11][12] - The company expects total fee revenue growth in the range of 8.5% to 9% for 2025, an improvement from previous guidance [25] - Management noted that net interest income (NII) is expected to improve in the fourth quarter, driven by stable deposit levels and other non-rate-related tailwinds [34][40] Other Important Information - The company returned nearly $1.5 billion in capital to shareholders year-to-date, including $637 million in the third quarter [10][24] - The quarterly common stock dividend was increased by 11% to $0.84 [10][24] Q&A Session Summary Question: Thoughts on balance sheet management and operating dynamics - Management emphasized the importance of partnering with the team to drive execution and profitability, noting strong deposit flows and solid trends in the balance sheet [30][33] Question: Expectations for net interest income (NII) improvement - Management indicated that NII is expected to rise due to stable deposit levels and the reinvestment of cash flows at higher rates [34][35] Question: Insights on State Street's underperformance compared to peers - Management highlighted the underappreciated fee-based growth and the strategic overlap of their markets business with investment management [48][50] Question: Update on fee trajectory and installation cycle - Management reported a significant increase in backlog and expressed confidence in the installation cycle, with a healthy mix of back office and private market opportunities [55][58] Question: Flexibility in managing expenses and operating leverage - Management confirmed the ability to pull discretionary levers to maintain positive operating leverage, even in a downturn [70][72] Question: Capital management and potential for larger acquisitions - Management reiterated a disciplined approach to M&A, focusing on organic growth capabilities while remaining open to strategic opportunities [77][78]