CORRECTED-State Street second-quarter profit rises 19 percent

Fri Jul 19, 2013 12:38pm EDT

(Corrects year-ago profit figure and percent change)

BOSTON, July 19 (Reuters) - State Street Corp said on Friday that second-quarter profit rose 19 percent on higher investment management fees and a boost from foreign exchange trading.

The Boston-based bank earned $571 million, or $1.24 a share, compared with $480 million, or 98 cents a share, in the year-ago period.

(Reporting By Tim McLaughlin; Editing by Gerald E. McCormick)

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.