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Key Takeaways from State Street's 3Q17 Earnings

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Part 3
Key Takeaways from State Street's 3Q17 Earnings PART 3 OF 8

The Rise in State Street’s Assets under Custody, Administration

Contribution by product

In 3Q17, State Street (STT) reported assets under custody and administration (or AUCA) of $32.1 trillion, which implies a rise of 10% YoY (year-over-year). Of the total AUCA, collective funds, which include ETFs, contributed $9.2 trillion, reflecting a 21.9% rise YoY. Pension and mutual fund products contributed $6.6 trillion and $7.4 trillion, respectively.

The Rise in State Street’s Assets under Custody, Administration

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Insurance and other products contributed $8.9 trillion in 3Q17, reflecting a YoY fall of 1.2%.

State Street reported return on assets of 0.92% on a trailing 12-month (or TTM) basis. Peers (XLF) JPMorgan Chase (JPM), GAIN Capital Holdings (GCAP), and the Bank of New York Mellon (BK) reported returns on assets of 1.1%, 0.83%, and 1.0%, respectively, on a TTM basis.

Contribution by geographies

In 3Q17, the Asia-Pacific region contributed $1.6 trillion, reflecting a YoY rise of 7.9%. Europe, the Middle East, and Africa contributed $6.8 trillion toward AUCA. During the same period, North America contributed $23.7 trillion toward AUCA.

Contribution by various financial instruments

In 3Q17, State Street’s AUCA had a contribution of $18.4 trillion by equities. Short-term and other investments contributed $3.8 trillion, reflecting a 16% rise YoY.

Fixed income instruments contributed $9.9 trillion toward AUCA in 3Q17, reflecting a YoY rise of 4%.

Of its total assets under custody and administration, assets under custody in 3Q17 were $24.2 trillion, implying a YoY rise of 10.6%.

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