Goldman Sachs Comments on State Street, its "Favorite Name" Into Earnings

“Our 2QE EPS is $0.97, slightly above the Street, helped by the month-end equity rally (STT books mgmt fees on month-end avg values),” Goldman Sachs wrote in a report focusing on State Street Corp. STT. “The firm's NIM guidance of 160-165 bps seems intact. Fee waivers should not be a big issue for STT and we expect mgmt to remain nimble around expenses.” State Street closed Tuesday at $45.13.