Many financial firms have so far navigated the Covid-19-induced recession without significant damage despite continued high unemployment numbers. "State Street, Bank of New York Mellon Report Declining Profit" at 8:53 a.m. ET on Oct. 16 incorrectly said they did so despite high employment numbers.

(END) Dow Jones Newswires

October 19, 2020 14:37 ET (18:37 GMT)

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