Is Mizuho's Offshore Custody Deal Reshaping State Street’s Asset Growth Story (STT)?
State Street Corporation recently completed the transfer of Mizuho Financial Group’s offshore custody and related businesses outside of Japan, adding approximately US$580 billion in assets under custody and US$24 billion in assets under administration. This move, alongside a 42.1% annualized dividend increase and solid earnings projections, highlights State Street's ongoing focus on expansion and capital return to shareholders. We'll assess how the acquisition of Mizuho’s offshore business...