State Street Rides on Relatively High Rates & Buyouts Amid High Costs

Key Takeaways STT is expected to benefit from modest NII growth due to high rates and portfolio repositioning. Fee income gains are driven by AUM growth, new servicing wins and innovative digital offerings. Strategic buyouts and global partnerships expand STT's reach, but rising costs remain a concern.State Street Corp (STT) remains well-positioned for growth on the back of relatively higher interest rates, efforts to improve fee income, strategic acquisitions, and a solid balance sheet. However, a rising ...