The total revenue for the first quarter of 2012 rose 2.5% to $2.42bn, compared to $2.36bn for the same period a year ago.
Trading services revenue decreased 7.3% to $280m for the quarter, compared to $302m for the same period prior year.
Foreign exchange trading revenue decreased 7% while brokerage and other fees were down 8% for the quarter.
During the first quarter, the company recorded $21m of pre-tax acquisition and restructuring costs and $15m for litigation-related settlements.
State Street chairman, president and CEO Joseph Hooley said that during the first quarter the company’s core business momentum in asset servicing and asset management improved, compared to the second half of last year.
"During the first quarter we won mandates for $233bn in assets to be serviced," Hooley said.
"State Street Global Advisors (SSgA) won net new business of $41bn, excluding the impact of the planned $31bn reduction in assets managed for the Department of the US Treasury."
