State Street Reports Record Q2 Revenues, Jumping 21% Over 2005

State Street Corporation reported second quarter returns of $0.68 per share, bringing in a total return of $1.7 billion. The profits mark a 21% improvement over the second quarter of 2005. Also in the second quarter, returns on shareholders' equity

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State Street Corporation reported second quarter returns of $0.68 per share, bringing in a total return of $1.7 billion.

The profits mark a 21% improvement over the second quarter of 2005.

Also in the second quarter, returns on shareholders’ equity including tax charges are 14.0%.

“Our strong results across all business units and geographies demonstrate the successful execution of our global strategy,” says Ronald E. Logue, State Street’s chairman and chief executive officer. “We are particularly pleased with the performance of our investment servicing activities, including the strength in securities finance and foreign exchange. We are pleased that again this quarter we achieved positive operating leverage. Net interest revenue and net interest margin also improved compared to 2005, due to more active balance sheet management.”

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