State Street(STT) - 2024 Q1 - Earnings Call Presentation

Financial Performance - Total revenue reached $3.138 billion, a 1% increase YoY and a 3% increase QoQ[20] - Total expenses were $2.513 billion, up 6% YoY but down 11% QoQ[20] - Net income was $463 million, with diluted earnings per share at $1.37[20] - Management fees increased by 12% YoY and 6% QoQ, reaching $510 million[20, 29] Business Segment Highlights - Servicing fees totaled $1.228 billion, up 1% YoY and QoQ[20, 26] - Foreign exchange trading services generated $331 million in revenue, up 8% QoQ but down 3% YoY[20, 32] - Securities finance revenue was $96 million, down 12% YoY and 1% QoQ[20, 32] - Front office software and data revenue increased 32% YoY but decreased 20% QoQ, reaching $144 million[20, 35] Assets and Capital - Assets under custody and/or administration (AUC/A) reached $43.9 trillion, a 17% increase YoY and a 5% increase QoQ[23] - Assets under management (AUM) totaled $4.336 trillion, up 20% YoY and 5% QoQ[23] - The standardized CET1 ratio was 11.1%, a decrease of 0.5%pts QoQ[51]