Bank of New York Mellon Corp

BNY: XNYS (USA)
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BNY Earnings: Higher Markets Lead to Continued Operating Leverage; Uncertainty Rating Changed

The Bank of New York Mellon reported 9% adjusted revenue growth (fee income up 6%, net interest income up 18%) and adjusted expense growth of 4% in the third quarter versus the year-ago quarter. As a result of this operating leverage, adjusted pretax income rose 21%.

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