Bank Of New York Mellon Corporation (NYSE:BK) reported a Q2 total revenue increase of 5% YoY to $4.45 billion, beating the consensus of $4.37 billion. Net interest revenue increased 33% YoY due to higher interest rates. However, AUM declined by 2% due to lower market values and the divestiture of Alcentra. The company also raised its dividend by 13.5% to $0.42 per share. Despite the positive earnings report, BK shares are trading lower by 0.55% in premarket trading.