State Street Corp. said its third-quarter net income is $654 million, or $1.36 per share, vs. $543 million, or $1.10 per share, a year ago. The quarter includes a net after-tax benefit of 35 cents per share, largely from claims associated with the 2008 Lehman Brothers bankruptcy. The Boston-based financial services company also said it completed the acquisition of Goldman Sachs Administration Services on Monday, making it a leader in the hedge fund administration market.
Mass. mover
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State Street executives like Jay Hooley and Allen Greene have "feasted" on the middle class thanks from help from Mayor menino, Mayor Koch of Quincy, Barney Frank, et al, and have sent over 3,200 US jobs to INDIA in a JV or joint venture with Syntel Corp of TROY MI, and all the Boston Globe can do is report their earnings ???.... If you haev a college age child, or will in the future, you should be aware that basically, an $11.5 billion Tax break from Mayor menino and the BRA is now being used to train INDIAN nationals on the third floor of the John Hancock Tower to take jobs in Financial Reporting, IRS/SEC Compliance, Custody, Fund Accounting that could have gone to your kid, if Mayor menino denied State Street an $411.5 Million tax break, as the firm under the direction of its Currebt CEO Jay Hooley and his pal ALLEN Greene continue to off-shore 750 good paying middle calss Fund Adminsitration jobs that will never now be held by someone's kid in Boston or in North Quincy,,
Follow this link to the real State Street Story that the Globe continues to refuse to publish:
http://www.wgbh.org/programs/Greater-Boston-11/episodes/July-19-2012State-Street-outsourcing-40276