(Il Sole 24 Ore Radiocor) - Milano, 17 apr - State Street said its net profit in the first quarter was 764 million dollars, or 2.49 dollars per share, compared to 644 million, or 2.04, in the same quarter a year ago.

On an adjusted basis, earnings in the period were 2.84 dollars per share, the Boston-based financial service group said. Analysts expected 2.64 dollars per share.

Total revenue in the three months rose to 3.796 billion dollars from 3.284 bilion the previous year. Analysts expected 3.67 billion dollars.

Total expenses rose 15% to 2.811 billion dollars.

"In a dynamic operating environment, the momentum across investment services, investment management, and markets underscores the strength of our franchise," CEO Ron O'Hanley.

said.

(RADIOCOR) 17-04-26 14:30:17 (0409) 5 NNNN