The Bank of New York Mellon reported third-quarter diluted earnings per share of $2.34, a 24% increase from the prior-year period, driven by total revenue growth of 12% to $5.68 billion. Net income applicable to common shareholders rose 20% to $1.61 billion, while noninterest expense increased 8% to $3.49 billion. The company returned $1.4 billion to common shareholders through $436 million in dividends and $937 million in share repurchases. Assets under custody and administration reached $63.4 trillion, up 10% year-over-year. BNY operates as a global financial services firm providing asset servicing, wealth management, and investment management solutions.
