State Street Corporation Announces Results of Its 2017 Mid-Cycle Stress Test
October 26 2017 - 4:05PM
Business Wire
State Street Corporation (NYSE:STT) today announced the results
of its 2017 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.
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State Street, like other companies covered by the provisions of
Section 165 of the Dodd-Frank Act, is required to conduct
company-run stress tests semi-annually and to disclose summary
results of those company-run stress tests under the severely
adverse scenario. State Street’s disclosure can be found in the
Investor Relations section of its website,
http://investors.statestreet.com/.
About State Street CorporationState Street Corporation
(NYSE: STT) is the world's leading provider of financial services
to institutional investors including investment servicing,
investment management and investment research and trading. With
$32.1 trillion in assets under custody and administration and $2.7
trillion* in assets under management as of September 30, 2017,
State Street operates globally in more than 100 geographic markets
and employs 36,303 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 $36
billion as of September 30, 2017), for which State Street Global
Markets, LLC, an affiliate of SSgA, serves as the marketing
agent.
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State Street CorporationIlene Fiszel Bieler, +1
617-664-4122orJulie Kane, +1 617-664-3001
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