India, Oct. 14 -- State Street Corp. (STT) is down 7.64 percent, losing $13.29 to $160.81 on Wednesday. The decline comes despite the financial services company reporting a 27 percent increase in third-quarter net income, supported by higher net interest income and fee revenue. Net income rose to $1.09 billion, or $3.69 per share, from $861 million, or $2.78 per share, a year earlier.
State Street is currently trading at $160.81, down from the previous close of $174.10 after opening at $161.90 on the New York Stock Exchange. The stock has traded between $156.50 and $163.90 during the session. Trading volume stands at about 732,000 shares, compared with an average volume of 1.90 million shares.
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