Bank of New York Mellon Corp. reported Tuesday that assets under management and fee revenue rose in the third quarter from a year earlier as earnings improved.

Fee revenue increased 2% to $2.66 billion as net interest revenue declined 0.6% to $718 million. Assets under management increased 18% to $1.141 trillion from a year earlier and 9% from the previous quarter. For the third quarter, net long-term inflows were $11 billion while net short-term inflows were $18 billion during the period.

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