Growth in core business lines produces improved profits for BNY | American Banker

BNY Mellon reported solid second-quarter increases in revenue and net income, with record revenue of $4.6 billion and net income of $1.17 billion. The bank's assets under custody or administration totaled $49.5 trillion, with assets under administration exceeding $2 trillion. Operating expenses were down 1% year-over-year, and each of the bank's five business lines reported increased profits.

Keywords: BNY Mellon, revenue, net income, assets under custody, operating expenses, profits, business lines, banking, fees, revenues

Source: American Banker

Update At: 7/12/2024