BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE:STT) today announced the results of its 2017 annual stress test. Consistent with section 165 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, the results are based on the supervisory severely adverse scenario and incorporate prescribed Dodd-Frank capital actions.
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 Corporation
State Street Corporation (NYSE: STT) is one of the world's leading providers of financial services to institutional investors, including investment servicing, investment management and investment research and trading. With $29.8 trillion in assets under custody and administration and $2.6 trillion* in assets under management as of March 31, 2017, State Street operates in more than 100 geographic markets worldwide, including the US, Canada, Europe, the Middle East and Asia. For more information, visit State Street’s website at www.statestreet.com.
* Assets under management include approximately $33 billion as of March 31, 2017, for which State Street Global Markets, LLC, an affiliate of SSGA, serves as the distribution agent.