BNY Q3 Earnings: Fee Income Soars 5%, Setting New $50T Record In Assets Under Custody
Portfolio Pulse from Akanksha Bakshi
BNY Mellon reported strong Q3 earnings with a 5% increase in fee income and a record $50 trillion in assets under custody. The company's adjusted EPS of $1.52 beat expectations, and shares are trading higher premarket.
October 11, 2024 | 12:16 pm
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BNY Mellon reported a strong Q3 with a 5% increase in fee income and record assets under custody. Adjusted EPS of $1.52 beat expectations, leading to a 2.07% premarket share price increase.
BNY Mellon's Q3 results exceeded expectations with a significant rise in fee income and record assets under custody, leading to a positive market reaction. The strong financial performance and strategic execution are likely to boost investor confidence.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100