State Street Corporation (NYSE:STT) reported second-quarter fiscal 2024 revenues of $3.191 billion, an increase of 2.6% year over year and beating the consensus of $3.146 billion. Total revenue growth was driven by higher Net Interest Income (NII) and a 2% year-over-year rise in Fee revenue. Management fees and FX trading services increased by 11%, while Servicing fees, Securities finance, Software and processing, and Other fee revenue declined. Net interest income increased 6% year-over-year to $735 million, primarily due to higher investment securities yields and loan growth, partially offset by a shift in deposit mix. Total expenses were $2.269 billion, up 3% year over year. Compensation ...