State Street first-quarter profit rises 8 pct

April 19 Fri Apr 19, 2013 7:24am EDT

April 19 (Reuters) - State Street Corp, the No. 2 global custody bank, reported an 8 percent increase in first-quarter profit, as it made more money from servicing fees due to stronger global equity markets and higher volumes in forex trading.

Net income available to common shareholders rose to $443 million, or 96 cents per share, from $410 million, or 84 cents per share, a year earlier.