Aided by a surge in assets under management, State Street Corp. reported strong growth in profits in the fourth quarter, but executives remained conservative for 2011.

Edward J. Resch, the company’s chief financial officer, said during its fourth quarterly earnings conference call that it doesn’t expect to grow its balance sheet “much” this year and remains relatively conservative.

Register or login for access to this item and much more

All Financial Planning content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access