State Street Corporation is a financial services and banking holding company that primarily serves institutional investors
The company offers a comprehensive range of services, including investment management, investment research and trading, and administrative services for mutual funds and other investment vehicles. With a strong focus on asset servicing and custody, State Street assists its clients in managing and optimizing their investment portfolios, while also providing tools and analytics to enhance their decision-making processes. The firm is known for its expertise in creating tailored solutions for a diverse clientele, including pension funds, endowments, foundations, and sovereign wealth funds, helping them meet their financial and investment goals.
BlackRock has $10.6 trillion in assets under management (AUM) making them the largest asset manager on the planet, and they are still scaling for more growth.
State Street is reportedly planning to unveil its digital asset custody offering next year, while Bank of New York Mellon is expected to add support for more digital assets, in addition to its existing limited custody service for BTC and ETH.
The world's largest asset manager BlackRock continued to grow the amount of cash investors entrust with it, breaking records. It is poised for more growth.
For 2025, the company forecasted a flat growth in NII, impacted by a continued decline in non-interest-bearing deposits. It also expects a 2% to 3% rise in annual expenses.
Risk appetite surged on Wall Street at the end of the week, with investors ramping up stock purchases ahead of Monday's market closure for Martin Luther King Day, which is also when Donald Trump will be sworn in as the 47th U.S. president.
Morgan Stanley analyst Betsey Graseck said on Monday that the firm is Overweight on big banks following Donald Trump's win and the Republican sweep of the 2024 election.
