Tuesday, July 17, 2007

State Street earnings top forecasts, outlook hiked

(Reuters) - Boston-based State Street, which also makes money by holding trillions of dollars in securities in custody and calculating the bulk of mutual fund prices printed in newspapers, said net income climbed to $366 million, or $1.07 per diluted share, in the second quarter.




That compares with $227 million, or 68 cents, a year earlier, when non-cash tax adjustments of 25 cents a share weighed on earnings.


Read more at Reuters.com Hot Stocks News

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