The
world's largest custodian bank said net income attributable to
common shareholders rose to $974 million, or 90 cents per share,
in the three months ended Sept. 30 from $820 million, or 74
cents per share, a year earlier.
Excluding items, the company earned $979 million, or 90 cents
per share, beating the average analyst estimate of 81 cents per
share, according to Thomson Reuters I/B/E/S.
Non-interest expenses dropped 1.4 percent to $2.64 billion.
Revenue from interest rose nearly 2 percent to $774 million.
Total revenue rose about 4 percent to $3.94 billion.
"Each of our businesses performed well," Chief Executive Gerald
Hassell said in a statement.
BNY Mellon said assets under management rose 3.1 percent to
$1.72 trillion in the third quarter from the second.
Up to Wednesday's close, the bank's shares had gained about 3
percent since the beginning of 2016.
(Reporting by Diptendu Lahiri in Bengaluru; Editing by Savio
D'Souza and Sriraj Kalluvila)
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