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07.02 - 13:05
State Street’s fourth quarter bolstered by new business
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fnlondon.comState Street said profit jumped in the fourth quarter, as market gains and new client wins brought in more fees for its asset-servicing business and its investment-management arm.
Despite a strong quarter, the company missed analyst profit expectations. Shares in State Street fell 7.1% on 19 January.
Net income rose 30% to $697m, or $1.78...
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