State Street Corp (WBO:STT)

€ 92.86 -0.77 (-0.82%) Market Cap: 27.16 Bil Enterprise Value: -44.68 Bil PE Ratio: 15.32 PB Ratio: 1.24 GF Score: 69/100

State Street Corp at Goldman Sachs Financial Services Conference (Virtual) Transcript

Dec 06, 2023 / 03:00PM GMT

Release Date Price: €67.56 (-0.62%)

Transcript

Alexander Blostein

Goldman Sachs Group, Inc., Research Division - Lead Capital Markets Analyst

Thank you, everybody, for joining us. We'll get started with our next session. I'd like to welcome Eric Aboaf, State Street's Vice Chairman and CFO. State Street is one of the largest global asset servicing and asset management firms with over $40 trillion in assets under custody administration and $3.7 trillion of assets under management. While 2023 has clearly been a turbulent year for the markets broadly in capital markets, in particular, State Street is starting to see a meaningful improvement in service and sales and some signs of stabilization in net interest income, all while controlling expenses well and returning substantial amount of capital to shareholders via share repurchases.

Eric will make a few prepared comments, and then we'll jump into Q&A. So great to see you. Thank you for being here. Podium is yours.

Eric Walter Aboaf

State Street Corporation - CFO & Vice Chairman

Thanks, Alex, and good morning, everyone. Just to reminder our

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