State Street Posts Higher Profit as Fee Revenue Rises

Core Insights - The financial services provider for institutional investors reported an increase in both revenue and net income for the third quarter, driven by widespread growth in fee revenues [1] Financial Performance - The company achieved higher top-line results, indicating an increase in total revenue for the third quarter [1] - The bottom line also improved, reflecting a rise in net income during the same period [1] - The growth in revenue was primarily attributed to broad-based increases in fee revenue [1]