BNY quarterly profit rises on investment service fee boost

Custodian Bank समाचार

BNY quarterly profit rises on investment service fee boost
Investment Service,Net Profit,Assets Under Management

The bank's assets under management (AUM) climbed 7% to $2.05 trillion from a year earlier, as more investors aimed to gain from a rally in the U.S. markets, ...

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- BNY posted a 10% rise in second-quarter net profit on Friday, as higher investment service fees more than offset the world's largest custodian bank's lower interest income.

The benchmark S&P 500 index rose about 11% in the last three months on hopes of a soft landing for the economy. BNY's net income for the second quarter rose to $1.14 billion, or $1.52 per share, from $1.04 billion, or $1.31 per share, a year earlier, while revenue rose 2% to $4.6 billion. Kevin O'Leary says court ruling will have 'major impact' on energy sector — how to get in on the actionA Dividend Giant I’d Buy Over Fortis Stock

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