KM Financial Solutions | UPDATE 2-State Street’s profit beat overshadowed by higher expenses, shares fall
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UPDATE 2-State Street’s profit beat overshadowed by higher expenses, shares fall

UPDATE 2-State Street’s profit beat overshadowed by higher expenses, shares fall

April 20 (Reuters) – Custodian bank State Street Corp
on Friday posted a slightly better-than-expected
quarterly profit helped by higher asset servicing and management
fees, but investors focused on an increase in expenses, sending
its shares down about 5 percent.

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