State Street says returning capital to shareholders is a priority Says well-positioned for 2013 return of capital to shareholders. Comments from slides that will be presented at the 2012 Banking and Financial Services Conference hosted by Bank of America Merrill Lynch.
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State Street sees 3%-5% operating basis revenue growth for FY14 vs. FY13 Says outlook for 2014 is "positive." Sees 3%-5% operating basis revenue growth for FY14 vs. FY13. Expects to continue return of capital through dividends, repurchases. Says on track to deliver approximately $130M of incremental pre-tax expense savings in 2014 from Business Operations and Information Technology Transformation program. Says to achieve goal of annual operating leverage in 2014, will likely require improvement in market-driven revenue in 2H14. Says continuing to invest in growth initiatives. Comments from slides that will be presented at the Barclays Global Financial Services Conference.