Earnings, adjusted for special items, rose to $1.72 per share in the December quarter from $1.29 per share in the same period of the prior year and topped expectations. Unadjusted net income applicable to common shareholders was $1.13 billion or $1.54 per share in Q4, vs. $162 million or $0.21 per share in the comparable quarter of last year.
Fourth-quarter revenue was $4.85 billion, up 11% from the year-ago quarter and above analysts’ forecast. Assets under management and assets under custody increased 3% and 9%, respectively, during the three months.
