Mark Keating

Executive Vice President & Interim Chief Financial Officer, State Street Corporation

Search every verified Mark Keating interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Mark Keating, Executive Vice President and Interim Chief Financial Officer at State Street, presented the company’s second quarter 2025 earnings on July 17, 2025. During the call, Keating noted that the company recognized roughly $40 million in notable items related to a rescoping of an alpha client contract and other smaller items. He stated that the repositioning actions taken in the second quarter are expected to build on momentum and support the continued transformation of State Street’s operating model. Keating also said the company continues to expect to generate both positive fee and total operating leverage for the year. On the first quarter 2025 earnings call held April 17, 2025, Keating said State Street continues to expect to return around 80% of earnings to shareholders, subject to market conditions, and anticipated a step up in repurchase activity in the second quarter. He described the company as intensely focused on calibrating its expense base to a range of scenarios, including accelerating productivity savings and pulling forward investments from 2026. Keating also reiterated that the outlook for net interest income remained roughly flat for the full year, with a range of up low single digits to down by a similar amount, consistent with prior guidance and subject to global monetary policy and deposit mix.