State Street Corporation Announces Results of Its 2019 Mid-Cycle Stress Test
BOSTON--(BUSINESS WIRE)--Nov 4, 2019--
State Street Corporation (NYSE:STT) today announced the results of its 2019 mid-cycle stress test, consistent with section 165 of the Dodd-Frank Wall Street Reform and Consumer Protection Act. The results are based on State Street’s internally developed severely adverse scenario and incorporate prescribed Dodd-Frank capital actions.
State Street’s Dodd-Frank Act mid-cycle company-run stress test disclosure, including general descriptions of methodologies used in the stress test, can be found in the Investor Relations section of its website, http://investors.statestreet.com.
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 $32.90 trillion in assets under custody and administration and $2.95 trillion* in assets under management as of September 30, 2019, State Street operates globally in more than 100 geographic markets and employs approximately 40,000 worldwide. For more information, visit State Street’s website at www.statestreet.com.
*Assets under management include the assets of the SPDR® Gold ETF and the SPDR® Long Dollar Gold Trust ETF (approximately $44 billion as of September 30, 2019), for which State Street Global Advisors Funds Distributors, LLC (SSGA FD) serves as marketing agent; SSGA FD and State Street Global Advisors are affiliated.
View source version on businesswire.com:https://www.businesswire.com/news/home/20191104005992/en/
CONTACT: Ilene Fiszel Bieler
KEYWORD: MASSACHUSETTS UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: BANKING PROFESSIONAL SERVICES FINANCE
SOURCE: State Street Corporation
Copyright Business Wire 2019.
PUB: 11/04/2019 04:17 PM/DISC: 11/04/2019 04:17 PM