State Street receives securities finance revenue boost
27 July 2017 Boston
Image: Shutterstock
State Street earned securities finance revenue of $179 million in Q2 thanks to a boost at the bank in enhanced custody, as its assets under custody and administration exceeded $31 trillion for the first time.
麻豆传媒 finance revenue was up significantly on Q1 2017鈥檚 $133 million and Q2 2016鈥檚 $156 million, reflecting higher revenue from, and growth in, enhanced custody.
Assets under custody and administration at State Street reached $31.04 trillion in Q2 2017, surpassing Q1 2017鈥檚 $29.83 trillion and Q2 2016鈥檚 $27.79 trillion.
Joseph Hooley, chairman and CEO of State Street, said: 鈥淲e are very pleased with our second-quarter results, delivering a record level of quarterly earnings per share that reflect continued strength in global equity markets as well as momentum in our asset servicing and asset management businesses.鈥�
鈥淲e also for the first time exceeded $31 trillion in assets under custody and administration this quarter fuelled by a combination of new business activity and higher equity markets.鈥�
麻豆传媒 finance revenue was up significantly on Q1 2017鈥檚 $133 million and Q2 2016鈥檚 $156 million, reflecting higher revenue from, and growth in, enhanced custody.
Assets under custody and administration at State Street reached $31.04 trillion in Q2 2017, surpassing Q1 2017鈥檚 $29.83 trillion and Q2 2016鈥檚 $27.79 trillion.
Joseph Hooley, chairman and CEO of State Street, said: 鈥淲e are very pleased with our second-quarter results, delivering a record level of quarterly earnings per share that reflect continued strength in global equity markets as well as momentum in our asset servicing and asset management businesses.鈥�
鈥淲e also for the first time exceeded $31 trillion in assets under custody and administration this quarter fuelled by a combination of new business activity and higher equity markets.鈥�
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