State Street's Hooley presents at Deutsche conference


State Street (STT -0.6%) expects pre-tax incremental savings of $130M in FY14 and savings of $575M - $625M in FY15 thanks to its Business Operations and IT transformation program, says CEO Joseph Hooley, presenting at the Deutsche conference.

Presentation slides

Operating revenue in 2014 is expected to be up 3-5% from a year ago (it was up 3.6% in Q1).

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