The combination of our talented team, our portfolio of leading businesses working together, and the strength of our balance sheet gives us a great foundation to deliver more to our clients and drive sustainable, long-term shareholder value.
The New York-based bank also reported earnings per share of $1.50, up 22% year-over-year, generated a record $3.4 billion in fees, up from $3.2 billion in Q3 of last year.
It took BNY Mellon 240 years to pass $50 trillion in assets under custody and administration, reaching 52.1 trillion as of September 30.
The bank's stock is up a whopping 76% over the past year, reaching $74 as of the time of publication.
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