Core Insights - State Street Corporation reported fourth-quarter results that exceeded expectations, with adjusted earnings per share of $2.97, surpassing analyst estimates of $2.78 [1] - Revenue increased by 7% year over year to $3.67 billion, exceeding the consensus forecast of $3.59 billion [1] Financial Performance - The company recorded $226 million in net repositioning charges during the quarter, which included $111 million for workforce rationalization and $69 million for real estate footprint optimization [2] - Total fee revenue rose by 8% year over year to $2.86 billion, driven by an 8% increase in servicing fees, a 15% rise in management fees, and a 13% gain in foreign exchange trading services [2] - Net interest income increased by 7% to $802 million [2] Asset Management - Assets under custody and/or administration grew by 16% year over year to $53.8 trillion [3] - Assets under management rose by 20% to $5.7 trillion, largely due to higher market levels [3]