Record Revenue Growth
Third quarter revenue increased by 6% compared to the prior year, supported by favorable equity markets and well-managed expense growth.
Strong Return on Equity
Return on equity reached 14.8%, and year to date, 110% of earnings have been returned to shareholders, contributing to a 5% decrease in shares outstanding.
Wealth Management Expansion
Assets under management for wealth management clients were $493 billion, up 11% year over year, with strong client retention and high-profile wins in the ultra-high-net-worth segment.
Asset Servicing Growth
Assets under custody and administration for asset servicing clients were $17 trillion, reflecting a 4% year-over-year increase, with notable wins from large asset owners and not-for-profit healthcare systems.
AI Integration and Efficiency Gains
AI is embedded in over 150 use cases, generating measurable efficiency improvements and saving tens of thousands of hours organization-wide.