The Bank of New York Mellon Corporation (NYSE: BK) reported its third quarter 2022 earnings results today.
Total revenue increased 6% year-over-year to $4.3 billion.
Net income applicable to common shareholders dropped 64% to $319 million and GAAP EPS fell 63% to $0.39 compared to last year. Adjusted EPS rose 11% to $1.21.
Assets under management decreased 23% to $1.8 trillion, mainly due to market impacts.
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