Says Q4 results represents ‘a strong close to a strong year’. Says executed well against objectives. Says pleased with ‘improved’ revenue performance. Says looks to drive further fee revenue growth in 2025 and beyond. Says remains focused on consistently returning capital to shareholders, targeting return of 80% of earnings. Says strategic actions have positioned State Street (STT) ‘to compete better and win’. Says CFO search is progressing ‘as planned’. Says announced the appointment of Mark Keating as interim CFO. Comments taken from Q4 earnings conference call.
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