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

Tue Oct 22, 2013 7:40am EDT

Oct 22 (Reuters) - State Street Corp said on Tuesday that third-quarter operating profit rose 14 percent as the custody bank saw double-digit gains from servicing client assets and managing money.

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

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