State Street Reports First-Quarter 2021 Financial Results

Rhea-AI Summary

State Street Corporation (NYSE: STT) announced its first-quarter 2021 financial results, highlighting its role as a leading provider of financial services for institutional investors. As of March 31, 2021, the company manages $3.6 trillion in assets and holds $40.3 trillion in assets under custody and/or administration. The firm operates in over 100 markets worldwide and employs around 39,000 individuals. A conference call to discuss the financial results and outlook is set for April 16, 2021, at 10:00 a.m. EDT, accessible to the public via their Investor Relations website.

Positive

• Managed assets increased to $3.6 trillion as of March 31, 2021.
• Assets under custody totaled $40.3 trillion, indicating strong market presence.

Negative

• None.

State Street Corporation (NYSE: STT) reported its first-quarter 2021 financial results today. The news release, presentation, and additional financial information can be accessed on State Street’s Investor Relations website, http://investors.statestreet.com. A conference call to discuss the firm’s financial results, outlook and related matters will be held at 10:00 a.m. EDT, Friday, April 16, 2021. The call will be open to the public.

The conference call will be accessible on State Street’s Investor Relations website, http://investors.statestreet.com, and by telephone at (833) 380-0399 or (236) 714-2093 (Conference ID# 4188942).

A replay of the conference call will be available for approximately two weeks following the conference call on State Street’s Investor Relations website, http://investors.statestreet.com, and by telephone at (800) 585-8367 or (416) 621-4642 (Conference ID# 4188942).

About State Street Corporation

State Street Corporation (NYSE: STT) is one of the world's leading providers of financial services to institutional investors including investment servicing, investment management and investment research and trading. With $40.3 trillion in assets under custody and/or administration and $3.6 trillion* in assets under management as of March 31, 2021, State Street operates globally in more than 100 geographic markets and employs approximately 39,000 worldwide. For more information, visit State Street's website at www.statestreet.com.

^{* Assets under management as of March 31, 2021 includes approximately $60 billion of assets with respect to SPDR® products for which State Street Global Advisors Funds Distributors, LLC (SSGA FD) acts solely as the marketing agent. SSGA FD and State Street Global Advisors are affiliated.}

View source version on businesswire.com: https://www.businesswire.com/news/home/20210416005267/en/

FAQ

What were State Street's first-quarter 2021 results?

State Street reported its first-quarter 2021 financial results, showcasing $3.6 trillion in managed assets and $40.3 trillion in assets under custody.

When is the conference call for State Street's financial results?

The conference call to discuss State Street's financial results is scheduled for April 16, 2021, at 10:00 a.m. EDT.

Where can I find State Street's financial results?

State Street's financial results can be accessed on their Investor Relations website.

What is the significance of State Street's managed assets?

State Street's managed assets of $3.6 trillion indicate its substantial role in the institutional financial services sector.