State Street raises FY25 fee revenue growth view to 5%-7% from 3%-5%

Sees. FY25 NII roughly flat year-over-year. Raises FY25 expense growth view to 3%-4% from 2%-3%. Sees generating positive fee and operating leverage in FY25. Says “strong” Q2 results demonstrate resiliency of business. Says institutional business recorded record in-flows for the quarter. Says “pleased” with performance of investment management in Q2. Comments taken from Q2 earnings conference call.