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BNY — Bank Of New York Mellon News Story

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Bank of New York Mellon gains after Q3 results beat

BUZZ-Bank of New York Mellon gains after Q3 results beat

** Shares of lender Bank of New York Mellon BNY.N up 1.4% at $139.5 premarket

** Reports Q3 adj EPS of $2.37 and Q3 revenue of $5.68 billion, both beating analysts' estimates of $2.27 and $5.55 billion respectively, according to data compiled by LSEG

** Revenue and profit growth driven by broad-based platform expansion and healthy client demand

** Reports assets under management (AUM) of $2.2 trillion at the end of Q3

** 11 of 17 brokerages rate the stock "buy" or higher and 6 "hold"; median PT is $161.50 - data compiled by LSEG

** As of last close, stock up ~18.6% YTD, compared with an 8.5% increase in the NYSE composite index .NYA


(Reporting by Darshan Kumar in Bengaluru)

((darshan.kumar@thomsonreuters.com))

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