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State Street sees Q2 NII down 2%-5%

Says investment management franchise remains well-positioned with momentum across segments. Says capital levels remain well above regulatory minimums. Says continues to expect to return 100% of earnings to shareholders this year. Sees total fee revenue up 4% for the year. Sees 2024 NII to be down 5% year-on-year. Sees full year expenses up 2.5% with potential for additional revenue-related costs.

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