State Street says outlook remains unchanged despite macro uncertainty

For FY25, says outlook is unchanged. Still sees FY25 fee revenue up approx. 3%-5% year-over-year. Still sees FY25 NII flat year-over-year. Still sees expenses up about 2%-3% year-over-year. In Q2, sees a step up in repurchase activity. Says planning to return 80% of earnings back to shareholders in FY25, subject to market conditions. Comments taken from Q1 earnings conference call.