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STATE STREET . Boston , MA ... July 16 , 2021 STATE STREET REPORTS SECOND QUARTER 2021 EPS OF $ 2.07 ; $ 1.97 EXCLUDING NOTABLE ITEMS ( a ) TOTAL FEE REVENUE UP 6 % ; UP 4 % EX - CURRENCY ( a ) STRONG SERVICING AND MANAGEMENT FEE GROWTH OF 10 % AND 14 % ( b ) EXPENSES UP 1 % ; DOWN ( 0.4 ) % EX - NOTABLES AND CURRENCY ( a ) PRE - TAX MARGIN OF 30.9 % ; 29.7 % EX - NOTABLES ( a ) ROE OF 12.6 % , UP 0.5 % POINTS ANNOUNCED COMMON SHARE REPURCHASE PROGRAM OF UP TO $ 3 BILLION FINANCIAL HIGHLIGHTS ( Table presents summary results , dollars in millions , except per share amounts , or where otherwise noted ) Income statement : Ron O'Hanley , Chairman and Chief Executive Officer : " Our second quarter results reflect the successful execution of our strategic priorities . We delivered record fee revenue with continued expense discipline , driving considerable pre - tax margin expansion and earnings growth in the second quarter thus demonstrating meaningful progress toward our medium - term targets . Our innovative client solutions and operational capabilities are yielding benefits across the franchise , as evidenced by another quarter of robust servicing mandates , including State Street Alpha , as well as a strong performance at Global Advisors . " Total fee revenue Net interest income Other income O'Hanley added : " The results of the recent supervisory stress test is yet another testament to the strength and resiliency of our business model . Starting in the third quarter , we have announced an increase to our common stock dividend by 10 % to $ 0.57 per share and our Board has authorized a common share repurchase program of up to $ 3 billion through 2022. " Total revenue Provision for credit losses Total expenses Net income Financial ratios and other metrics : Diluted earnings per share ( EPS ) Return on average common equity ( ROE ) Pre - tax margin AUC / A ( $ billions ) ( 1 ) AUM ( $ billions ) ( ¹ ) ( 1 ) As of period - end . Investor Contact : llene Fiszel Bieler +1 617-664-3477 2Q21 1 $ 2,514 $ 2,483 467 467 53 3,034 ( 15 ) 2,111 763 $ 2.07 12.6 % 30.9 1Q21 42,597 3,897 2,950 ( 9 ) 2,332 519 $ 1.37 8.4 % 21.3 % changes noted below reflect year - over - year 2Q comparisons 40,263 3,591 2Q20 % QOQ $ 2,378 559 2,937 52 2,082 694 $ 1.86 12.1 % 27.3 33,515 3,054 1 % | ာ nm 3 nm State Street Corporation One Lincoln Street Boston , MA 02111 NYSE : STT www.statestreet.com ( 9 ) 47 News Release 51 % 420 960 6 % 9 bps % YoY 6 % ( 16 ) nm 3 nm 1 10 11 % 50 bps 360 ( a ) See " 2Q21 Highlights " in this news release for a listing of notable items . Results excluding notable items and / or currency translation impact are non - GAAP measures . Please refer to the Addendum included with this news release for an explanation and reconciliation of non - GAAP measures . ( b ) 2Q21 Servicing and management fees increased 7 % and 11 % compared to 2020 , respectively , excluding currency translation . See footnote ( a ) above . 27 % 28 Media Contact : Carolyn Cichon +1 617-664-8672