State Street profit rises 17 pct

Fri Jan 24, 2014 7:33am EST

Jan 24 (Reuters) - State Street Corp, the world's second-largest standalone custody bank, said fourth-quarter profit rose 17 percent as it earned more from servicing client assets and managing money.

Net income rose to $545 million, or $1.22 per share, from $468 million, or $1.00 per share, a year earlier.

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