Sign in

    David Smith

    CFA and Wall Street Analyst at Truist Financial Corporation

    David Smith is a CFA and Wall Street Analyst at Truist Financial Corporation, focusing on the U.S. market with coverage across the general sector, including companies such as Bank of New York Mellon and Webster Financial. He has issued both buy and hold recommendations, notably contributing to research on large financial institutions, though his recent performance shows a 0% success rate and -2.3% average return across published stock ratings over the past year. Smith joined Truist following executive roles at Keller Williams and as President and CEO of CitiMortgage, bringing deep experience from leadership positions in mortgage lending, insurance, and retail banking since at least the 2000s. He holds the CFA designation and is recognized for his strategic insight in mortgage banking and broad financial services expertise.

    David Smith's questions to STATE STREET (STT) leadership

    David Smith's questions to STATE STREET (STT) leadership • Q1 2025

    Question

    David Smith from Truist asked for clarification on the relative revenue impact of an Alpha client versus a non-Alpha client and whether accelerating Alpha penetration would increase the overall revenue rate on new business wins.

    Answer

    Interim CFO Mark Keating and CEO Ronald O'Hanley clarified that there isn't a simple formula, as Alpha wins vary significantly in size, complexity, and scope. However, O'Hanley confirmed that the Alpha platform, with its expanding capabilities for private markets and data, is definitively accelerating sales by enabling the firm to win more comprehensive and valuable mandates.

    Ask Fintool Equity Research AI