State Street Rides on High Rates, Fee Income & Strategic Buyouts

State Street Corp (STT) remains well-positioned for growth on the back of higher interest rates, efforts to improve fee income and strategic acquisitions. However, a rising expense base and concentrated fee-based revenues remain concerns. Nonetheless, solid capital distributions are another positive.State Street’s Growth DriversHigher Rates to Aid Net Interest Revenue: State Street’s net interest income (NII) and net interest margin (NIM) are anticipated to witness a modest expansion amid the relatively hig ...