secwatch.observer — SEC 8-K summary
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Issuer:     STATE STREET CORP (STT)
CIK:        0000093751
Form:       8-K
Filed at:   2025-03-05T23:59:59+00:00
Accession:  0000093751-25-000193
Event type: other_material
Sentiment:  positive
Materiality: 0.60
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

State Street SSGA reports 2024 AUM $4.7T, revenue $2.3B, pre-tax margin 29.4% at RBC conference
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- SSGA AUM of $4.7T as of Dec 2024, up 16% CAGR from 2022; revenue $2.3B (+9% YoY).
- Pre-tax margin expanded to 29.4% in 2024 from 25.9% in 2023, up 350 bps.
- Net new assets of $144B in 2024 vs $117B in 2023; organic growth improved to +3.5%.
- Key growth drivers: ETFs AUM $1.6T (+24% CAGR), wealth channel $1.2T (+23% CAGR).
- Yie-Hsin Hung (CEO SSGA) and interim CFO Mark Keating presented the strategic update.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/93751/000009375125000193/0000093751-25-000193-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/93751/000009375125000193/stt-20250305.htm
  HTML page:      https://secwatch.observer/filing/0000093751-25-000193

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer