You can now read 5 articles in a month for free on Read as much as you want anywhere and anytime for just 99¢.

Mass. Movers

State Street cutting 630 jobs worldwide

Around the world, State Street has 29,660 workers.

Bloomberg News/File

Around the world, State Street has 29,660 workers.

Continue reading below

State Street Corp. plans to cut 630 jobs, or about 2 percent of its worldwide workforce, as the Boston-based custody bank continues to work on lowering expenses. Fourth-quarter net income climbed to $468 million, or $1 per share, vs. $371 million, or 76 cents, a year earlier. Excluding some costs, adjusted earnings were $1.11 per share. Analysts expected $1.01 per share,. Full-year net income rose to $2.02 billion, or $4.20 per share, from $1.88 billion, or $3.79, in the prior year.

Loading comments...
Want each day's news headlines delivered fresh to your
inbox every morning? Just connect with us
in one of the following ways:
Please enter a valid email will never post anything without asking.
Privacy Policy
Subscriber Log In

You have reached the limit of 5 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of
Marketing image of