Quarterly profit of the Bank of New York Mellon grew by 14% in the second quarter

One of the world's largest custodian banks, Bank of New York Mellon, following the results of the second quarter, reported on the growth of its net profit by 14% in annual terms to 1 billion 55 million dollars. In earnings per share, profit was 1 dollar 3 cents, while analysts had predicted 1 dollar 2 cents. Revenue increased to 4 billion 138 million dollars from 3 billion 956 million dollars a year earlier and coincided with the forecasts of the experts. The bank increased net interest income by 11%, commission income - by 3%. Non-interest expenses of the bank grew by 3% against the background of the weakening of the dollar and the growth of technological investments. Assets under management amounted to 1 trillion 800 billion dollars, increased by 2%. Assets on trust accounts increased by 8%.

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