Higher NII, Fee Income Growth Likely to Aid State Street's Q3 Earnings

Impact · against what's priced in

The outlook for State Street is positive but largely aligned with market expectations. While strong growth in NII and fee income is expected to drive Q3 results, these figures are consistent with current consensus estimates and do not represent a new catalyst.

STT+0.20

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In context

Expected growth in NII (19.8% YoY) and management fees (32.7% YoY) provides a strong setup for Q3 earnings, supported by record AUC/A and AUM balances.

Read from the article alone

• banking▲<1%
• earnings
• guidance
• STT
• asset management
• net interest income

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