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

20.07.2018 10:00:14

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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