STATE STREET CORP (STT)

State Street Corporation is a global provider of financial services to institutional investors, offering investment servicing, markets and financing solutions, and investment management. It is a bank holding company, organized in 1969 under Massachusetts law, that has elected to be treated as a financial holding company. It conducts its business primarily through its principal banking subsidiary, State Street Bank and Trust Company, a specialized trust or custody bank that services and manages assets for institutional clients. State Street Bank traces its origins to 1792. As of December 31, 2025, the company reported $53.80 trillion in assets under custody and administration (AUC/A), $5.67 trillion in assets under management (AUM), consolidated total assets of $366.05 billion, total deposits of $274.35 billion and about 52,000 employees.

Operations are organized into two lines of business. Investment Servicing provides back-, middle- and front-office solutions through State Street Investment Services and State Street Markets. These include custody, accounting and fund administration for traditional and alternative assets; recordkeeping, client reporting, transaction management, loans, cash, derivatives and collateral services; operations outsourcing; performance, risk and compliance analytics; financial data management; foreign exchange, brokerage and other trading; securities finance, including prime services; and deposit and short-term investment facilities. Charles River Development's front- and middle-office technology, together with the back- and middle-office services, forms the State Street Alpha platform, which combines portfolio management, trading, analytics and compliance tools. Its offerings include the Charles River Investment Management Solution, Charles River for Private Markets and the Charles River Wealth Management Solution. The company is also building solutions to tokenize assets. Investment Management, delivered through State Street Investment Management (previously State Street Global Advisors), offers equity, fixed income, liquidity and cash, multi-asset and alternatives strategies through ETFs, custom indexed and actively managed funds and mandates.

Clients include asset managers and owners, insurance companies, wealth managers, official institutions and central banks. Investment Servicing clients also include mutual funds, collective investment funds and other investment pools, corporate and public retirement plans, investment managers, foundations and endowments. The company operates in more than 100 geographic markets worldwide. Of its AUC/A, approximately $37.42 trillion is in the Americas, $12.92 trillion in Europe and the Middle East, and $3.46 trillion in Asia-Pacific.

State Street competes in a highly competitive global environment against other custodial banks, deposit-taking institutions, investment management firms, insurance companies, mutual funds, broker/dealers, investment banks, benefits consultants, investment analytics businesses, software and technology companies, data providers and information services firms. In Investment Servicing, key competitive factors include technology, economies of scale, capital, pricing, and the quality and scope of services. In Investment Management, they include expertise, experience, service quality, price and performance. As a global systemically important bank (G-SIB), the company is subject to extensive regulation and supervision. Its corporate headquarters is at One Congress Street, Boston, Massachusetts.