Fourth-quarter profits at Boston-based State Street Corp. rose $239 million, the company said Tuesday, thanks to recent acquisitions and a more productive market.

The $0.71 cents per share increase came in above the $0.65 cents per share upswing predicted by analysts polled by Reuters research. The company made $28.5 million by selling its private asset management division, and earned $60 million in residual escrow from selling its corporate trust business in 2002.

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