State Street revenue rose 52% to $2.6 billion and earnings rose 69% to $530 million. The strong operating perormance was overshadowed by the losses in its investment portfolio. The loss of $3.2 billion in the investment surprised the market and stock lost 7%. Assets under management rose to $1.96 trillion from $1.85 trillion and assets under custody rose to $14.9 trillion from $12.33 trillion. |
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