UPDATE: State Street Q3 Net Income Up 20%
State Street (NYSE: STT) reported a 20% rise in its third-quarter net income.
State Street's quarterly net income surged to $654 million, or $1.36 per share, versus $543 million, or $1.10 per share, in the year-earlier quarter. On an operating basis, it earned $0.99 per share, versus analysts' estimates of $0.96 per share.
State Street shares closed at $41.58 yesterday.
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