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Financial Services - Asset Management - NYSE - US
$ 95.48
1.38 %
$ 28 B
Market Cap
14.97
P/E
1. INTRINSIC VALUE

State Street Corporation, through its subsidiaries, provides a range of financial products and services to institutional investors worldwide. The company offers investment servicing products and services, including custody; product accounting; daily pricing and administration; master trust and master custody; depotbank services; record-keeping; cash management; foreign exchange, brokerage and other trading services; securities finance and enhanced custody products; deposit and short-term investment facilities; loans and lease financing; investment manager and alternative investment manager operations outsourcing; performance, risk, and compliance analytics; and financial data management to support institutional investors. It also engages in the provision of portfolio management and risk analytics, as well as trading and post-trade settlement services with integrated compliance and managed data.[ Read More ]

The intrinsic value of one STT stock under the base case scenario is HIDDEN Compared to the current market price of 95.5 USD, State Street Corporation is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart STT

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FINANCIALS
11.9 B REVENUE
-1.67%
2.74 B OPERATING INCOME
-42.34%
1.94 B NET INCOME
-29.92%
690 M OPERATING CASH FLOW
-94.23%
12.7 B INVESTING CASH FLOW
86.88%
-13.4 B FINANCING CASH FLOW
27.56%
3.26 B REVENUE
-37.86%
926 M OPERATING INCOME
-4.73%
730 M NET INCOME
2.82%
-9.96 B OPERATING CASH FLOW
-803.99%
-6.29 B INVESTING CASH FLOW
-32.83%
1.98 B FINANCING CASH FLOW
110.67%
Balance Sheet Decomposition State Street Corporation
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Current Assets 54.9 B
Cash & Short-Term Investments 48.6 B
Receivables 5.74 B
Other Current Assets 598 M
Non-Current Assets 12.1 B
Long-Term Investments 0
PP&E 3.2 B
Other Non-Current Assets 8.93 B
Current Liabilities 2.66 B
Accounts Payable 0
Short-Term Debt 0
Other Current Liabilities 2.66 B
Non-Current Liabilities 271 B
Long-Term Debt 15.7 B
Other Non-Current Liabilities 255 B
EFFICIENCY
Earnings Waterfall State Street Corporation
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Revenue 11.9 B
Cost Of Revenue 426 M
Gross Profit 11.5 B
Operating Expenses 9.58 B
Operating Income 2.74 B
Other Expenses 799 M
Net Income 1.94 B
RATIOS
96.43% GROSS MARGIN
96.43%
22.96% OPERATING MARGIN
22.96%
16.27% NET MARGIN
16.27%
8.17% ROE
8.17%
0.65% ROA
0.65%
5.86% ROIC
5.86%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis State Street Corporation
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Net Income 1.94 B
Depreciation & Amortization 882 M
Capital Expenditures -816 M
Stock-Based Compensation 0
Change in Working Capital -2.55 B
Others -1.95 B
Free Cash Flow -126 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets State Street Corporation
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Wall Street analysts predict an average 1-year price target for STT of $91 , with forecasts ranging from a low of $70 to a high of $106 .
STT Lowest Price Target Wall Street Target
70 USD -26.69%
STT Average Price Target Wall Street Target
91 USD -4.69%
STT Highest Price Target Wall Street Target
106 USD 11.02%
4. DIVIDEND ANALYSIS
0.95% DIVIDEND YIELD
0.76 USD DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership State Street Corporation
image
Sold
0-3 MONTHS
2.65 M USD 3
3-6 MONTHS
1.52 M USD 5
6-9 MONTHS
2.85 M USD 4
9-12 MONTHS
620 K USD 2
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
Date Value Insider Amount Avg Price
4 weeks ago
Oct 18, 2024
Sell 1.27 M USD
PLANSKY JOHN
Executive Vice President
- 13859
91.32 USD
1 month ago
Oct 17, 2024
Sell 46.2 K USD
Schaefer Elizabeth
SVP, Chief Accounting Officer
- 500
92.5 USD
1 month ago
Oct 16, 2024
Sell 326 K USD
Hung Yie-Hsin
EVP; President and CEO of SSGA
- 3500
93 USD
2 months ago
Aug 23, 2024
Sell 1.01 M USD
PLANSKY JOHN
Executive Vice President
- 12200
82.91 USD
3 months ago
Aug 16, 2024
Sell 8.23 K USD
Milrod Donna M
Executive Vice President
- 102
80.65 USD
3 months ago
Aug 16, 2024
Sell 51.9 K USD
Bisegna Anthony
Executive Vice President
- 643
80.65 USD
3 months ago
Aug 15, 2024
Sell 542 K USD
Horgan Kathryn M
Executive Vice President
- 6776
80 USD
3 months ago
Aug 14, 2024
Sell 554 K USD
Aboaf Eric W.
Vice Chairman and CFO
- 7000
79.09 USD
5 months ago
May 31, 2024
Sell 7.51 K USD
Milrod Donna M
Executive Vice President
- 101
74.33 USD
5 months ago
May 21, 2024
Sell 308 K USD
Timby Sarah
EVP and Chief Admin Officer
- 3975
77.41 USD
6 months ago
May 16, 2024
Sell 50 K USD
Bisegna Anthony
Executive Vice President
- 643
77.76 USD
6 months ago
May 14, 2024
Sell 918 K USD
Aboaf Eric W.
Vice Chairman and CFO
- 12000
76.53 USD
6 months ago
May 10, 2024
Sell 307 K USD
AMBROSIUS JOERG
Executive Vice President
- 4000
76.74 USD
8 months ago
Feb 29, 2024
Sell 887 K USD
Aboaf Eric W.
Vice Chairman and CFO
- 12000
73.9 USD
8 months ago
Mar 01, 2024
Sell 314 K USD
Bisegna Anthony
Executive Vice President
- 4258
73.64 USD
8 months ago
Feb 22, 2024
Sell 231 K USD
Milrod Donna M
Executive Vice President
- 3200
72.33 USD
9 months ago
Feb 16, 2024
Sell 190 K USD
Bisegna Anthony
Executive Vice President
- 2606
73 USD
11 months ago
Nov 20, 2023
Sell 616 K USD
Maiuri Louis D
President and COO
- 8800
70 USD
1 year ago
Nov 16, 2023
Sell 4.24 K USD
RICHARDS MICHAEL L
EVP and Chief Admin Officer
- 61
69.59 USD
1 year ago
Nov 01, 2023
Sell 525 K USD
Aboaf Eric W.
Vice Chairman and CFO
- 8100
64.81 USD
1 year ago
Nov 01, 2023
Sell 124 K USD
Aboaf Eric W.
Vice Chairman and CFO
- 1900
65.5 USD
1 year ago
Aug 21, 2023
Sell 638 K USD
Aboaf Eric W.
Vice Chairman and CFO
- 9514
67.01 USD
1 year ago
Aug 21, 2023
Sell 160 K USD
Aboaf Eric W.
Vice Chairman and CFO
- 2372
67.63 USD
1 year ago
Aug 16, 2023
Sell 4.22 K USD
RICHARDS MICHAEL L
EVP and Chief Admin Officer
- 61
69.21 USD
1 year ago
Aug 01, 2023
Sell 633 K USD
Maiuri Louis D
President and COO
- 8800
71.96 USD
1 year ago
May 19, 2023
Sell 594 K USD
Aboaf Eric W.
Vice Chairman and CFO
- 8739
67.99 USD
1 year ago
May 19, 2023
Sell 218 K USD
Aboaf Eric W.
Vice Chairman and CFO
- 3160
69.07 USD
1 year ago
May 18, 2023
Sell 124 K USD
RICHARDS MICHAEL L
EVP and Chief Admin Officer
- 1814
68.17 USD
1 year ago
May 19, 2023
Sell 22.2 K USD
RICHARDS MICHAEL L
EVP and Chief Admin Officer
- 319
69.68 USD
1 year ago
Feb 28, 2023
Sell 210 K USD
RICHARDS MICHAEL L
EVP and Chief Admin Officer
- 2362
89.02 USD
1 year ago
Feb 27, 2023
Sell 595 K USD
Appleyard Ian
EVP, CAO and Global Controller
- 6725
88.42 USD
1 year ago
Feb 24, 2023
Sell 1.3 M USD
PHELAN DAVID C
EVP; Gen Counsel and Secretary
- 15000
86.63 USD
1 year ago
Feb 24, 2023
Sell 595 K USD
Appleyard Ian
EVP, CAO and Global Controller
- 6725
88.42 USD
1 year ago
Feb 17, 2023
Sell 1.03 M USD
PLANSKY JOHN
Executive Vice President
- 11168
92.22 USD
2 years ago
Feb 28, 2022
Sell 871 K USD
Aristeguieta Francisco
EVP and CEO of Inst. Services
- 10301
84.56 USD
2 years ago
Feb 28, 2022
Sell 1.02 M USD
Aristeguieta Francisco
EVP and CEO of Inst. Services
- 11983
85.39 USD
2 years ago
Feb 28, 2022
Sell 120 K USD
Aristeguieta Francisco
EVP and CEO of Inst. Services
- 1387
86.18 USD
2 years ago
Feb 22, 2022
Sell 1.84 M USD
Aristeguieta Francisco
EVP and CEO of Inst. Services
- 19736
93.1 USD
2 years ago
Jan 24, 2022
Sell 1.42 M USD
Erickson Andrew
Executive Vice President
- 16000
89 USD
2 years ago
Dec 09, 2021
Sell 413 K USD
Taraporevala Cyrus
EVP; President and CEO of SSGA
- 4487
92.12 USD
2 years ago
Dec 09, 2021
Sell 413 K USD
Taraporevala Cyrus
EVP; President and CEO of SSGA
- 4487
92.12 USD
3 years ago
Nov 16, 2021
Sell 26.1 K USD
RICHARDS MICHAEL L
EVP and Chief Admin Officer
- 262
99.58 USD
3 years ago
Nov 15, 2021
Sell 2.21 M USD
Aristeguieta Francisco
EVP and CEO of Inst. Services
- 22200
99.45 USD
3 years ago
Nov 12, 2021
Sell 99.1 K USD
de Saint-Aignan Patrick
Director
- 1000
99.12 USD
3 years ago
Nov 10, 2021
Sell 290 K USD
de Saint-Aignan Patrick
Director
- 3000
96.66 USD
3 years ago
Nov 10, 2021
Sell 196 K USD
de Saint-Aignan Patrick
Director
- 2000
97.75 USD
3 years ago
Nov 09, 2021
Sell 430 K USD
Taraporevala Cyrus
EVP; President and CEO of SSGA
- 4487
95.74 USD
3 years ago
Oct 08, 2021
Sell 400 K USD
Taraporevala Cyrus
EVP; President and CEO of SSGA
- 4487
89.23 USD
3 years ago
Sep 09, 2021
Sell 390 K USD
Taraporevala Cyrus
EVP; President and CEO of SSGA
- 4487
87 USD
3 years ago
Aug 16, 2021
Sell 29.7 K USD
RICHARDS MICHAEL L
EVP and Chief Admin Officer
- 330
89.96 USD
3 years ago
Aug 09, 2021
Sell 401 K USD
Taraporevala Cyrus
EVP; President and CEO of SSGA
- 4487
89.4 USD
3 years ago
Jul 26, 2021
Sell 382 K USD
Taraporevala Cyrus
EVP; President and CEO of SSGA
- 4488
85.02 USD
3 years ago
May 20, 2021
Sell 4.22 M USD
PHELAN DAVID C
EVP; Gen Counsel and Secretary
- 50000
84.3 USD
3 years ago
May 20, 2021
Sell 321 K USD
Appleyard Ian
EVP, CAO and Global Controller
- 3800
84.59 USD
3 years ago
May 20, 2021
Sell 321 K USD
Appleyard Ian
EVP, CAO and Global Controller
- 3800
84.59 USD
3 years ago
May 17, 2021
Sell 28.5 K USD
RICHARDS MICHAEL L
EVP and Chief Admin Officer
- 331
86.11 USD
3 years ago
Mar 01, 2021
Sell 27.2 K USD
RICHARDS MICHAEL L
EVP and Chief Admin Officer
- 365
74.61 USD
3 years ago
Mar 01, 2021
Sell 452 K USD
Kuritzkes Andrew P
EVP and Chief Risk Officer
- 6060
74.61 USD
3 years ago
Feb 26, 2021
Sell 806 K USD
Erickson Andrew
Executive Vice President
- 11000
73.3 USD
3 years ago
Feb 25, 2021
Sell 1.11 M USD
Maiuri Louis D
EVP & Chief Operating Officer
- 14339
77.39 USD
3 years ago
Feb 23, 2021
Sell 39.6 K USD
RICHARDS MICHAEL L
EVP and Chief Admin Officer
- 533
74.39 USD
3 years ago
Feb 16, 2021
Sell 188 K USD
Kuritzkes Andrew P
EVP and Chief Risk Officer
- 2541
73.99 USD
3 years ago
Feb 16, 2021
Sell 188 K USD
Kuritzkes Andrew P
EVP and Chief Risk Officer
- 2541
73.99 USD
3 years ago
Feb 16, 2021
Sell 119 K USD
Kuritzkes Andrew P
EVP and Chief Risk Officer
- 1609
73.99 USD
3 years ago
Feb 16, 2021
Sell 119 K USD
Kuritzkes Andrew P
EVP and Chief Risk Officer
- 1609
73.99 USD
3 years ago
Feb 16, 2021
Sell 46.6 K USD
Erickson Andrew
Executive Vice President
- 630
73.99 USD
3 years ago
Nov 19, 2020
Sell 27.4 K USD
RICHARDS MICHAEL L
EVP and Chief Admin Officer
- 400
68.59 USD
4 years ago
Nov 16, 2020
Sell 22.3 K USD
RICHARDS MICHAEL L
EVP and Chief Admin Officer
- 316
70.5 USD
4 years ago
Oct 19, 2020
Sell 3.02 M USD
Aristeguieta Francisco
EVP and CEO of Inst. Services
- 45849
65.94 USD
4 years ago
Oct 19, 2020
Sell 1.09 M USD
Aristeguieta Francisco
EVP and CEO of Inst. Services
- 16334
66.68 USD
4 years ago
Aug 17, 2020
Sell 26.7 K USD
RICHARDS MICHAEL L
EVP and Chief Admin Officer
- 379
70.35 USD
4 years ago
Jul 31, 2020
Sell 31.8 K USD
LEHNER JOHN
Executive Vice President
- 500
63.55 USD
4 years ago
May 18, 2020
Sell 21.5 K USD
RICHARDS MICHAEL L
EVP and Chief Admin Officer
- 381
56.31 USD
4 years ago
Apr 29, 2020
Sell 323 K USD
Appleyard Ian
EVP, CAO and Global Controller
- 5000
64.61 USD
4 years ago
Feb 28, 2020
Sell 252 K USD
Kuritzkes Andrew P
EVP and Chief Risk Officer
- 3800
66.26 USD
4 years ago
Feb 28, 2020
Sell 400 K USD
Kuritzkes Andrew P
EVP and Chief Risk Officer
- 5966
67.09 USD
4 years ago
Feb 28, 2020
Sell 142 K USD
Kuritzkes Andrew P
EVP and Chief Risk Officer
- 2095
67.73 USD
4 years ago
Feb 18, 2020
Sell 540 K USD
Kuritzkes Andrew P
EVP and Chief Risk Officer
- 6942
77.73 USD
4 years ago
Feb 18, 2020
Sell 59.6 K USD
Erickson Andrew
Executive Vice President
- 763
78.17 USD
4 years ago
Nov 29, 2019
Sell 188 K USD
AMBROSIUS JOERG
Executive Vice President
- 2500
75.08 USD
4 years ago
Nov 25, 2019
Sell 358 K USD
Keenan Karen C
EVP and Chief Admin. Officer
- 4778
75 USD
5 years ago
Nov 18, 2019
Sell 61.9 K USD
Keenan Karen C
EVP and Chief Admin. Officer
- 852
72.6 USD
5 years ago
Nov 18, 2019
Sell 9.66 K USD
Erickson Andrew
Executive Vice President
- 133
72.6 USD
5 years ago
Nov 13, 2019
Sell 1.82 M USD
CARP JEFFREY N
EVP, CLO and Secretary
- 25000
72.62 USD
5 years ago
Nov 07, 2019
Sell 1.29 M USD
CARP JEFFREY N
EVP, CLO and Secretary
- 17876
72 USD
5 years ago
Nov 04, 2019
Sell 597 K USD
Keenan Karen C
EVP and Chief Admin. Officer
- 8528
70 USD
5 years ago
Nov 05, 2019
Sell 513 K USD
CARP JEFFREY N
EVP, CLO and Secretary
- 7124
72 USD
5 years ago
Oct 31, 2019
Sell 1.64 M USD
HOOLEY JOSEPH L
Director
- 25000
65.7 USD
5 years ago
Aug 29, 2019
Bought 353 K USD
O HANLEY RONALD P
President and CEO
+ 7000
50.43 USD
5 years ago
Aug 16, 2019
Sell 6.52 K USD
Erickson Andrew
Executive Vice President
- 133
49.02 USD
5 years ago
Aug 15, 2019
Bought 24.6 K USD
de Saint-Aignan Patrick
Director
+ 500
49.24 USD
5 years ago
Aug 13, 2019
Sell 877 K USD
CARP JEFFREY N
EVP, CLO and Secretary
- 17018
51.53 USD
5 years ago
Aug 13, 2019
Sell 416 K USD
CARP JEFFREY N
EVP, CLO and Secretary
- 7982
52.13 USD
5 years ago
Aug 05, 2019
Bought 26.9 K USD
de Saint-Aignan Patrick
Director
+ 500
53.75 USD
5 years ago
Aug 02, 2019
Bought 27.4 K USD
de Saint-Aignan Patrick
Director
+ 500
54.88 USD
5 years ago
Aug 01, 2019
Bought 28.4 K USD
de Saint-Aignan Patrick
Director
+ 500
56.75 USD
5 years ago
Aug 01, 2019
Bought 28.9 K USD
de Saint-Aignan Patrick
Director
+ 500
57.75 USD
5 years ago
Jul 30, 2019
Bought 29.4 K USD
de Saint-Aignan Patrick
Director
+ 500
58.75 USD
7. News
Why Is State Street (STT) Up 2.5% Since Last Earnings Report? State Street (STT) reported earnings 30 days ago. What's next for the stock? zacks.com - 2 days ago
State Street Names Patricia Halliday to Board of Directors BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE:STT) today announced the election of Patricia Halliday to its Board of Directors. Ms. Halliday, age 58, has more than three decades of financial services experience across a range of organizations covering investment, corporate and retail banking, and across markets in the UK, Europe and the US. She also has developed deep risk management expertise, having served in various leadership roles, including as chief risk officer at Santander in. businesswire.com - 3 days ago
State Street Corporation Declares Dividends on its Non-Cumulative Perpetual Preferred Stock Series “G,” “I,” and “J” BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) today announced a cash dividend on each of the below outstanding series of non-cumulative perpetual preferred stock: Series G (represented by depositary shares, each representing a 1/4000th interest in a share of Series G preferred stock). The cash dividend is in the amount of $1,337.50 per share of Series G preferred stock (resulting in a distribution of approximately $0.334375 per depositary share) and is payable on December 16, 20. businesswire.com - 1 week ago
State Street Rides on High Rates, Fee Income & Strategic Buyouts STT remains well-poised for growth driven by buyouts, high rates and improving fee income. Yet, high costs and high reliance on fee-based revenues are woes. zacks.com - 1 week ago
5 Stocks Trading Near 52-Week High With More Upside Potential Stocks like IAG, LDOS, EAT, PAHC and STT are seeing price strength and have a high chance of carrying the momentum forward. zacks.com - 1 week ago
State Street Corporation (STT) Is Up 2.68% in One Week: What You Should Know Does State Street Corporation (STT) have what it takes to be a top stock pick for momentum investors? Let's find out. zacks.com - 1 week ago
Gold May Have Further Upside, State Street Says George Milling-Stanley, chief gold strategist at State Street Global Advisors, discusses the precious metal's rally and its outlook. Gold reached a record in early Asian trading on Wednesday. youtube.com - 2 weeks ago
State Street Announces Issuance of $2.3 Billion of Senior Debt BOSTON--(BUSINESS WIRE)--State Street Corporation (“State Street”) (NYSE: STT) announced today an issuance of $2.3 billion in aggregate principal amount of senior debt. The offering, which closed today, was structured in keeping with State Street's ongoing inclusion, diversity, and equity efforts, with Siebert Williams Shank & Co., LLC acting as a joint book-running manager, and CAVU Securities LLC, C.L. King & Associates, Inc., Penserra Securities LLC and Roberts & Ryan, Inc., each. businesswire.com - 3 weeks ago
Asset managers headed for increasingly lean years, study says Profitability at asset managers has slipped for the past two years and is likely to decline further through 2028 as investors increasingly opt for products with lower fees, such as exchange-traded funds (ETFs), according to a new study. reuters.com - 3 weeks ago
Are You Looking for a Top Momentum Pick? Why State Street Corporation (STT) is a Great Choice Does State Street Corporation (STT) have what it takes to be a top stock pick for momentum investors? Let's find out. zacks.com - 1 month ago
State Street's Heinel Sees Bumps on Way to Soft Landing State Street Global Advisors Global CIO Lori Heinel recommends being more diversified in the current market environment. Speaking on "Bloomberg The Close," Heinel also comments on the state of the oil market. youtube.com - 1 month ago
State Street Corporation (STT) Q3 2024 Earnings Call Transcript State Street Corporation (NYSE:STT ) Q3 2024 Earnings Conference Call October 15, 2024 12:00 PM ET Company Participants Elizabeth Lynn - Global Head, Investor Relations Ron O'Hanley - Chief Executive Officer Eric Aboaf - Chief Financial Officer Conference Call Participants Glenn Schorr - Evercore Brennan Hawken - UBS Financial Alex Blostein - Goldman Sachs Betsy Graseck - Morgan Stanley Brian Bedell - Deutsche Bank Jim Mitchell - Seaport Global Securities Gerard Cassidy - RBC Operator Good morning, and welcome to State Street Corporation's Third Quarter 2024 Earnings Conference Call and Webcast. Today's discussion is being broadcasted live on State Street's website at investors.statestreet.com. seekingalpha.com - 1 month ago
8. Profile Summary

State Street Corporation STT

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COUNTRY US
INDUSTRY Asset Management
MARKET CAP $ 28 B
Dividend Yield 0.95%
Description State Street Corporation, through its subsidiaries, provides a range of financial products and services to institutional investors worldwide. The company offers investment servicing products and services, including custody; product accounting; daily pricing and administration; master trust and master custody; depotbank services; record-keeping; cash management; foreign exchange, brokerage and other trading services; securities finance and enhanced custody products; deposit and short-term investment facilities; loans and lease financing; investment manager and alternative investment manager operations outsourcing; performance, risk, and compliance analytics; and financial data management to support institutional investors. It also engages in the provision of portfolio management and risk analytics, as well as trading and post-trade settlement services with integrated compliance and managed data. In addition, the company offers investment management strategies and products, such as core and enhanced indexing, multi-asset strategies, active quantitative and fundamental active capabilities, and alternative investment strategies. Further, it provides services and solutions, including environmental, social, and governance investing; defined benefit and defined contribution; and global fiduciary solutions, as well as exchange-traded fund under the SPDR ETF brand. The company provides its products and services to mutual funds, collective investment funds and other investment pools, corporate and public retirement plans, insurance companies, foundations, endowments, and investment managers. State Street Corporation was founded in 1792 and is headquartered in Boston, Massachusetts.
Contact State Street Financial Center, Boston, MA, 02111 https://www.statestreet.com
IPO Date March 17, 1980
Employees 53000
Officers Ms. Yie-Hsin Hung President & Chief Executive Officer of State Street Global Advisors Mr. Andrew Zitney Executive Vice President & Chief Technology Officer for Global Technology Services Ms. Elizabeth Schaefer Senior Vice President, Deputy Controller & Chief Accounting Officer Ms. Sarah Timby Executive Vice President & Chief Administrative Officer Mr. Brian J. Franz Executive Vice President, Chief Information Officer & Head of Enterprise Resiliency Mr. Wei Chung Bradford Hu Executive Vice President & Chief Risk Officer Mr. Ronald Philip O'Hanley Chief Executive Officer, President & Chairman Mr. Mostapha Tahiri Executive Vice President & Chief Operating Officer Mr. Pankaj Vaish Executive Vice President & Global Chief Investment Officer and Treasury Mr. Eric Walter Aboaf Chief Financial Officer & Vice Chairman