"U.S. Stocks" Bank of NY Mellon quarterly interest income far exceeds expectations, net profit rises 21% year-on-year

AASTOCKS
2025.10.17 02:40

The world's largest trust bank, Bank of NY Mellon (BK.US), announced its third-quarter results, with net profit rising 21% year-on-year to USD 1.339 billion, and diluted earnings per share of USD 1.88. Net interest income for the quarter increased 18% year-on-year to USD 1.236 billion, exceeding market expectations of 12.6%, primarily due to the bank's reinvestment of maturing investments into higher-yield products and balance sheet expansion. Fee income rose 7% year-on-year to USD 3.64 billion.

As of the third quarter, the total value of assets under custody and management increased 11% year-on-year to USD 57.8 trillion, driven by rising asset values and client inflows. The assets under management stood at USD 2.1 trillion, unchanged year-on-year, with net outflows offsetting the impact of asset appreciation

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