STATE STREET CORP Annual Report, Year Ended Dec 31, 2021

State Street Corporation (STT) reported its 2021 annual results, highlighting growth in Assets Under Custody/Administration (AUC/A) and Assets Under Management (AUM), alongside increased earnings per share (EPS). The company's core businesses, Investment Servicing and Investment Management, demonstrated resilience, with servicing fees and management fees showing positive year-over-year growth. This growth was primarily driven by higher market levels, client activity, and net new business wins, although State Street also noted ongoing pricing pressures in its core markets. The company is actively investing in technology and innovation, notably with its "State Street Alpha" platform and the establishment of "State Street Digital" to focus on digital assets. Financially, STT saw a 14% increase in diluted EPS to $7.19 and a 3% increase in total revenue to $12.03 billion. Net income attributable to common shareholders rose to $2.57 billion. The company also announced a significant strategic move with the planned acquisition of BBH Investor Services for $3.5 billion, which is pending regulatory approval. State Street maintained a strong capital position, with its Common Equity Tier 1 (CET1) capital ratio increasing to 14.3% under Basel III advanced approaches.