Key Metrics:
🔹 Revenue: $4.85B (Est. $4.65B) 🟢; UP +11% YoY
🔹 EPS: $1.54 (Est. $1.56) 😑; UP +633% YoY
🔹 Net Interest Income: $1.19B (Est. $1.05B) 🟢; UP +8% YoY
Q4 Segment Performance:
Securities Services:
🔹 Revenue: $2.32B; UP +7% YoY
🔹 AUC/A: $52.1T; UP +9% YoY
Market & Wealth Services:
🔹 Revenue: $1.67B; UP +11% YoY
🔹 Clearance & Collateral Management Revenue: $491M; UP +17% YoY
Investment & Wealth Management:
🔹 Revenue: $873M; UP +29% YoY
🔹 AUM: $2.03T; UP +3% YoY
Operational Metrics:
🔹 Pre-tax Margin: 30%; Adjusted Pre-tax Margin: 34%
🔹 Average Deposits: $286B; UP +5% YoY
Capital Distribution:
🔹 Returned $1.1B to shareholders
🔹 Dividends: $349M
🔹 Share Repurchases: $750M
CEO Robin Vince's Commentary:
🔸 "We delivered record net income of $4.3B in FY24 and continued our strategic transformation by launching new products, enhancing client solutions, and completing our first acquisition in years."
Strategic Focus & Outlook:
🔸 Strengthen operational efficiencies to achieve further profitability expansion
🔸 Phased transition to strategic platforms operating model aimed at long-term growth