State Street's third-quarter operating profit rises 14 percent

Reuters

Oct 22 (Reuters) - State Street Corp said on Tuesdaythat third-quarter operating profit rose 14 percent as thecustody bank saw double-digit gains from servicing client assetsand managing money.

The Boston-based company's operating profit was $537million, or $1.19 a share, compared with $473 million, or 99cents a share, a year earlier.

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