道富银行State Street（STT）22025年第二季度财务业绩演示报告「NYSE」（英文版）（23页）.pdf

1、1NYSE:STTJuly 15,20252A Ex-notables is a non-GAAP presentation;refer to the Appendix for a reconciliation of ex-notable items and further explanations of non-GAAP measures.Refer to the Appendix included with this presentation for endnotes 1 to 27.All comparisons are to corresponding prior year perio

2、d unless otherwise noted.See note A below for a description of ex-notables presentation.FinancialperformanceTotal revenue of$3.4B,up 8%;up 9%ex-notables;Fee revenue of$2.7B,up 11%;up 12%ex-notablesTotal expenses of$2.5B,up 11%;up 6%ex-notablesOperating leverage of(341)bps;241bps ex-notables;Fee oper

3、ating leverage of(75)bps;526bps ex-notablesPre-tax margin of 26%;30%ex-notables;ROE of 11%;13%ex-notables;ROTCE of 17%;19%ex-notablesEPS of$2.17,up 1%;$2.53,up 18%ex-notablesBusinessmomentumInvestment ServicingRecord AUC/A of$49.0T at quarter-end;AUC/A wins of$1,093B and AUC/A yet to be installed of

4、$4.0T1New servicing fee revenue wins of$145M primarily related to back office2Reported 2 new State Street Alpha mandates;3 Alpha clients went live in 2Q25,resulting in a total of 28 live clients to-date1Investment ManagementRecord AUM of$5.1T at quarter-end with total net inflows of$82B,including re

5、cord Institutional net inflows of$68B1Continued ETF momentum and market share gains in U.S.Low Cost ETF suite,as well as net inflows across Gold,SPY,EMEA,and U.S.Fixed Income1Continued product innovation with 39 new products launched in 2Q25 and 56 new products launched YTDMarketsRecord quarterly FX

6、 trading volumes,up 17%Balance sheetand capitalReturned$517M to common shareholders,including$300M of share repurchases and$217M of declared dividendsAnnounced a planned 11%increase to 3Q25 per share quarterly common stock dividend to$0.84,subject to Board approval3CET1 ratio of 10.7%and State Stree