$STT Earnings:

- EPS: $2.46; $2.60 excluding notable items
- Net income of $783 million
- Revenue: $3.4 billion
- Investment Servicing AUC/A as of quarter-end increased 11% to $46.6 trillion, primarily driven by higher quarter-end market levels and flows
- Investment Management AUM as of quarter-end increased 15% to $4.7 trillion, mainly driven by higher quarter-end market levels and net inflows

Ron O'Hanley, Chairman and Chief Executive Officer: "2024 marked an important year for State Street. We executed on our strategy to increase fee revenue growth while continuing to transform our operating model, enhance our capabilities and support our clients. These efforts yielded strong results for the year, including both positive fee and total operating leverage supported by record NII, and overall, exceeded the financial outlook we provided at the outset of 2024." 

O'Hanley continued: "In the fourth quarter, we delivered robust year-over-year fee and total revenue growth together with continued strong sales performance. Within Investment Services, new AUC/A wins exceeded $1 trillion, and notably, we met our full-year Servicing fee revenue wins goal of $350-400 million, supported by a transformative mandate in the quarter. At Global Advisors, we achieved record Management fees and $64 billion of quarterly net inflows as we continued to innovate and broaden our product and distribution capabilities." 

O'Hanley concluded: "I am proud of the performance of our team in driving our 2024 results and providing an excellent foundation and momentum for 2025. As we look ahead, we remain intensely focused on executing against our strategic priorities to drive sustainable growth while also maintaining expense discipline and generating and returning capital to our shareholders."