| Abstrakt: |
In announcing today's financial results, Joseph L. Hooley, State Street's chairman, president and chief executive officer, said, “The first-quarter results reflect good performance and our continued commitment to delivering value-added solutions to our clients across our asset servicing and asset management businesses. The strength in the equity markets, combined with higher volumes and increased volatility in foreign-exchange trading, supported our fee revenue. We continue to control expenses across the organization and generate benefits from our transformation program. As a result, we achieved positive operating leverage as compared to the year-ago quarter. [ABSTRACT FROM PUBLISHER] |
