Reported about 6 hours ago
BNY Mellon (BK) announced a remarkable 16% rise in profit for the third quarter, driven by an increase in investment services fees as assets under its custody and administration reached $52.1 trillion, a first for the bank. The bank's net interest income also rose by 3%, marking a healthy financial performance amid a resilient economy and changing interest rate expectations. Profit applicable to BNY shareholders was $1.11 billion, or $1.50 per share, compared to $958 million, or $1.23 per share, from the previous year.
Source: YAHOO