ETF IQ

Mike Mayo Brought The Heat During State Street’s Earnings Call

Analyst Mike Mayo pressed State Street management to spell out its strategy.

Mike Mayo, head of US large-cap bank research for Wells Fargo Securities LLC, in New York, US, on Wednesday, Jan. 3, 2024. The analyst has won fans sparring with bank leaders who see him as a grandstander.Photographer: Jose A. Alvarado Jr./Bloomberg

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By Katie Greifeld

January 16, 2026 at 8:45 PM UTC

This article is for subscribers only.

Welcome to ETF IQ, a weekly newsletter dedicated to the $19 trillion global ETF industry. I’m Bloomberg News reporter and anchor Katie Greifeld.

The big banks reported earnings this week, which means we saw a few asset managers — most notably, BlackRock and State Street — take the stage as well. I like to read through the earnings call transcripts just in case something fun on ETFs pops up. We got lucky this week.