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.
Register or login for access to this item and much more
All On Wall Street content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access