Bank of New York Mellon Benefits from Higher Net Interest Revenue

Key TakeawaysBank of New York Mellon Corp. exceeded profit and revenue estimates Friday as it reported that fourth-quarter interest revenue increased.The bank's assets under custody of an administrator and assets under management (AUM) both rose 8% for the latest quarter.Shares of Bank of New York Mellon jumped Friday to their highest price since February 2022.Bank of New York Mellon Corp. (BK) shares advanced roughly 4% Friday afternoon as the bank posted better-than-expected results because of surging net ...