The company completed the consolidation of its final joint venture in India, which is expected to unlock efficiency savings and improve client experience. This suggests a strategic focus on improving operational efficiency through global consolidation.

The company recorded a net repositioning release of $2 million, including a $15 million release reflected in compensation and employee benefits expenses, partially offset by $13 million of occupancy charges related to footprint optimization.

The standardized CET1 capital ratio was 10.9% as of December 31, 2024, demonstrating a solid capital position.

The board declared aggregate common stock dividends of $2.90 per share, totaling $859 million, indicating a commitment to returning value to shareholders.

The company acknowledges that it is subject to intense competition in all aspects of its business, which could negatively affect its ability to maintain or increase profitability.

The company states that attacks or unauthorized access to information technology systems could result in significant costs, reputational damage and impacts on business activities.

The company states that it faces extensive and changing government regulation and supervision in the U.S. and non-U.S. jurisdictions in which it operates, which may increase costs and compliance risks and may affect business activities and strategies.

The company acknowledges that it operates in a highly competitive environment in all areas of its business globally, and that its success depends on its ability to develop and market new and innovative services.

The company believes that technological expertise, economies of scale, required levels of capital, pricing, quality and scope of services, and sales and marketing are critical to its Investment Servicing line of business.

For its Investment Management line of business, the company believes that key competitive factors include expertise, experience, availability of related service offerings, quality of service, price, efficiency of our products and services, and performance.

The company states that total expenses decreased 1% compared to 2023, as higher business investments, as well as revenue and performance-related costs, were more than offset by productivity savings from organizational simplification, process improvements and other initiatives.

The company is focused on strategic workforce planning and improvements in both individual and organizational productivity as a key enabler of its overall human capital management strategy.

The company acknowledges that shifting and maintaining operational activities to non-U.S. jurisdictions, changing its operating model, and outsourcing to, or insourcing from, third parties expose it to increased operational risk.

The company's success depends on its ability to develop and market new and innovative services, to adopt or develop new technologies, and to implement efficiencies into its operational processes.

The company's business may be negatively affected by risks associated with strategic initiatives it is employing to enhance the effectiveness and efficiency of its operations and of its cybersecurity and technology infrastructure.

The quantitative models the company uses to manage its business may contain errors that could adversely impact business, financial condition, operating results and regulatory compliance.

The company's ability to make capital distributions and discretionary bonus payments without specified quantitative limitations is dependent on maintaining its required SCB plus the applicable G-SIB surcharge.

The company has a statutory obligation to commit resources to State Street Bank and any other banking subsidiary in circumstances in which it otherwise might not do so absent such a requirement.

The company's businesses may be adversely affected by increased and conflicting political and regulatory scrutiny of asset management, stewardship and corporate sustainability or ESG practices.

The impacts of global regulatory requirements and expectations, shifting client preferences, and disclosure requirements related to climate risks, and sustainability standards could adversely affect the company.

Economic policies of the U.S. government and its agencies influence the operating environment. Monetary policy conducted by the Federal Reserve directly affects the level of interest rates, which may affect overall credit conditions of the economy.

The company has significant global operations, and clients, that can be adversely impacted by disruptions in key economies, including local, regional and geopolitical developments affecting those economies.

The company's fee revenue represents a significant portion of its revenue and is subject to decline based on, among other factors, market and currency declines, investment activities and preferences of its clients and their business mix.