🟢 New in Current Filing We assume significant credit risk to counterparties, many of which are major financial institutions. These financial institutions and other counterparties may also have substantial financial dependencies with other financial institutions and sovereign entities. These credit exposures and concentrations could expose us to financial loss. 🔒

🟢 New in Current Filing Our businesses may be negatively affected by adverse publicity or other reputational harm. 🔒

🟢 New in Current Filing Our risk management framework, models and processes may not be effective in identifying or mitigating risk and reducing the potential for related losses, and a failure or circumvention of our controls and procedures, or errors or delays in our operational and transaction processing, or those of third parties, could have an adverse effect on our business, financial condition, operating results and reputation. 🔒

🟢 New in Current Filing Our efforts to improve our billing processes and practices are ongoing and may result in the identification of additional billing errors. 🔒

🟢 New in Current Filing Disclosure requirements and expectations related to sustainability or ESG are increasing and evolving. Our inability to meet these requirements and expectations or to provide related information to clients facing similar requirements could cause regulatory or reputational harm and affect our ability to attract and retain clients. 🔒

🔴 No Match in Current Filing Development and completion of new products and services, including State Street Alpha or State Street Digital, may impose costs on us, involve dependencies on third parties and may expose us to increased operational and model risk. 🔒

🔴 No Match in Current Filing We assume significant credit risk to counterparties, many of which are major financial institutions. These financial institutions and other counterparties may also have substantial financial dependencies with other financial institutions and sovereign entities. These credit exposures and concentrations could expose us to financial loss. 🔒

🔴 No Match in Current Filing We are subject to enhanced external oversight as a result of certain agreements entered into in connection with the resolution of prior regulatory or governmental matters. 🔒

🔴 No Match in Current Filing Our businesses may be adversely affected by government enforcement and litigation. 🔒

🔴 No Match in Current Filing Changes in accounting standards may adversely affect our consolidated financial statements. 🔒

🔴 No Match in Current Filing The market transition away from the use of the London Interbank Offered Rate (LIBOR) and other reference rates affected by reference rate reform as interest rate benchmarks may impose additional costs on us and may expose us to increased operational, model and financial risk. 🔒

🔴 No Match in Current Filing Our controls and procedures may fail or be circumvented, our risk management policies and procedures may be inadequate, and operational risks could adversely affect our consolidated results of operations. 🔒

🟡 Modified Political, geopolitical and economic conditions and developments could adversely affect us, particularly if we face increased uncertainty and unpredictability in managing our businesses. 🔒

🟡 Modified Changes in accounting standards may adversely affect our consolidated financial statements. 🔒

🟡 Modified Fee revenue represents a significant majority of our consolidated revenue and is subject to decline, among other things, in the event of a reduction in, or changes to, the level or type of investment activity by our clients. 🔒

🟡 Modified Our businesses may be negatively affected by adverse publicity or other reputational harm. 🔒

🟡 Modified Climate change may increase the frequency and severity of major weather events and the ongoing transition to a low carbon economy may drive regulatory and business model change that could adversely affect our business operations and resiliency, our clients, our counterparties or other financial market participants and could adversely affect our consolidated results of operations and financial condition. 🔒

🟡 Modified Competition for qualified members of our workforce is intense, and we may not be able to attract and retain the personnel we need to support our business. 🔒

🟡 Modified Our risk management framework, models and processes may not be effective in identifying or mitigating risk and reducing the potential for related losses, and a failure or circumvention of our controls and procedures, or errors or delays in our operational and transaction processing, or those of third parties, could have an adverse effect on our business, financial condition, operating results and reputation. 🔒

🟡 Modified Any downgrades in our credit ratings, or an actual or perceived reduction in our financial strength, could adversely affect our borrowing costs, capital costs and liquidity position and cause reputational harm. 🔒

🟡 Modified Our investment securities portfolio, consolidated financial condition and consolidated results of operations could be adversely affected by changes in the financial markets, governmental action or monetary policy. For example, among other risks, increases in prevailing interest rates or other market conditions have led, and were they to occur in the future could further lead, to reduced levels of client deposits and resulting decreases in our NII or to portfolio management decisions resulting in reductions in our capital or liquidity ratios. 🔒

🟡 Modified If we are unable to effectively manage our capital and liquidity, including by continuously attracting deposits and other short-term funding, our consolidated financial condition, including our regulatory capital ratios, our consolidated results of operations and our business prospects, could be adversely affected. 🔒

🟡 Modified Our reputation and business prospects may be damaged if investors in the collective investment pools we sponsor or manage incur substantial losses in these investment pools or are restricted in redeeming their interests in these investment pools. 🔒

🟡 Modified Any failures of or damage to, attack on or unauthorized access to our information technology systems or facilities or disruptions to our continuous operations, including the systems, facilities or operations of third parties with which we do business, such as resulting from cyber-attacks, could result in significant costs and reputational damage and impact our ability to conduct our business activities. 🔒

🟡 Modified We may not be able to protect our intellectual property, and we are subject to claims of third-party intellectual property rights. 🔒

🟡 Modified Our businesses may be adversely affected by increased and conflicting political and regulatory scrutiny of asset management stewardship and corporate sustainability or ESG practices. 🔒

🟡 Modified Long-term contracts expose us to increased operational risk, pricing and performance risk. 🔒

🟡 Modified We are subject to variability in our assets under custody and/or administration and assets under management, and in our financial results, due to the significant size of our relationship with many of our institutional clients, and are also subject to significant pricing pressure due to trends in the market for custodial services and the considerable market influence exerted by those clients. 🔒

🟡 Modified Climate change may increase the frequency and severity of major weather events and the ongoing transition to a low carbon economy may drive regulatory and business model change that could adversely affect our business operations and resiliency, our clients, our counterparties or other financial market participants and could adversely affect our consolidated results of operations and financial condition. 🔒

🟡 Modified Fee revenue represents a significant majority of our consolidated revenue and is subject to decline, among other things, in the event of a reduction in, or changes to, the level or type of investment activity by our clients. 🔒

🟡 Modified Acquisitions, strategic alliances, joint ventures and divestitures pose risks for our business. 🔒

🟡 Modified We face extensive and changing government regulation and supervision globally in jurisdictions in which we operate, which may increase our costs and expose us to risks related to compliance. 🔒

🟡 Modified We have significant global operations, and clients that can be adversely impacted by disruptions in key global economies, including local, regional and geopolitical developments affecting those economies. 🔒

🟡 Modified Any downgrades in our credit ratings, or an actual or perceived reduction in our financial strength, could adversely affect our borrowing costs, capital costs and liquidity position and cause reputational harm. 🔒

🟡 Modified Long-term contracts expose us to increased operational risk, pricing and performance risk. 🔒

🟡 Modified If we are unable to effectively manage our capital and liquidity, including by continuously attracting deposits and other short-term funding, our consolidated financial condition, including our regulatory capital ratios, our consolidated results of operations and our business prospects, could be adversely affected. 🔒

🟡 Modified We have significant global operations, and clients that can be adversely impacted by disruptions in key global economies, including local, regional and geopolitical developments affecting those economies. 🔒

🟡 Modified Our business activities expose us to interest rate risk. 🔒

🟡 Modified Any downgrades in our credit ratings, or an actual or perceived reduction in our financial strength, could adversely affect our borrowing costs, capital costs and liquidity position and cause reputational harm. 🔒

🟡 Modified Development and completion of new products and services, including State Street Alpha and those related to digital assets and artificial intelligence, may impose costs on us, involve dependencies on third parties and may expose us to increased operational, model and other risks. 🔒

🟡 Modified Our business may be negatively affected by our failure to update and maintain our technology infrastructure. 🔒

🟡 Modified Our efforts to improve our billing processes and practices are ongoing and may result in the identification of additional billing errors. 🔒

🟡 Modified Outsourcing of work to global hub locations may expose us to increased operational risk and reputational harm and may not result in expected cost savings. 🔒

🟡 Modified Our businesses may be adversely affected by government enforcement and litigation. 🔒