Financial Data and Key Metrics - Q3 2024 EPS reached a record high of 226,upfrom1 25 in the year-ago period, reflecting a 17% YoY growth excluding notable items [10] - Q3 ROE was strong at 12%, with a return on tangible common equity exceeding 19% [19] - Fee revenue grew 7% YoY, while total revenue increased 9% YoY, driving margin expansion [10] - Net interest income (NII) increased 16% YoY to 723million,supportedbyhigherinvestmentsecurityyieldsandloangrowth[25]−CapitalreturninQ3totaled670 million, including 450millioninsharerepurchases,withatotalpayoutratioofnearly100466 billion, with 84millioninnewservicingfeerevenue,thehighestquarterthisyear[12]−∗∗GlobalAdvisors∗∗:Recordquarterlynetflowsof100 billion and AUM of 47trillion,withpositiveflowsincash,ETFs,andinstitutionalbusinesses[14]−∗∗Markets∗∗:FXtradingrevenueincreased15125 million in productivity savings in Q3, with a year-to-date total of 350million,ontracktomeetthe500 million target for 2024 [27] Q&A Session Summary Question: NII Guidance and Portfolio Repositioning - The 80millionlossfromportfoliorepositioningwillreversewithinthenextfivequarters,benefitingNII[36]−Repositioningfocusedonlower−couponsecuritiesinthetreasuryandinternationalsovereignspace,withapaybackperiodofapproximatelyfivequarters[36]Question:SuccessionPlanning−TheBoardhasasuccessionplaninplaceforCEORonO′Hanley,withongoingdiscussionsaboutleadershiptransitions[43]Question:RepoActivityandNIIOutlook−Repoactivitycontributed10380 billion of the $466 billion AUC/A wins in Q3 came from the Alpha platform, with significant wins from both US and non-US clients [85] Question: M&A Appetite - State Street views M&A as a tool to accelerate or implement strategy more efficiently, but the focus remains on organic growth and capital return to shareholders [88]