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BNY Mellon’s fee revenue up 8% in third quarter
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fnlondon.comBank of New York Mellon reported a higher third-quarter profit, as a robust stock market, busy clients and new business all helped lift revenue.
The custody bank’s results joined rival State Street in beating Wall Street’s expectations and extended gains for both companies’ shares. BNY Mellon and State Street have each rallied by more than 30% so far this year.
The...
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