STATE STREET RAISES FULL-YEAR GROWTH TARGETS

State Street raised its full-year 2026 guidance after a strong third quarter, lifting its fee revenue growth target to 13%-14% from the 12%-13% range it gave in July. The custody bank also raised its net interest income guidance to 15%-16% from 14%-15%, backed by a quarter in which NII jumped 21% year-over-year to $864 million. $STT is leaning on both fee and lending income to keep clearing its own raised bar.