(Corrects to “flat” from “lower” in headline)
Oct 19 (Reuters) - Custodian bank State Street Corp said on Friday it expects fourth-quarter servicing fee revenue, its main earnings driver, to be flat from the third quarter, sending its shares down 7 percent.
Total expenses in the fourth quarter are expected to be slightly above third-quarter levels, State Street said on a post earnings conference call.
The company earlier in the day reported a lower-than-expected third-quarter profit, missing estimates for the first time in two years. (Reporting By Aparajita Saxena in Bengaluru)