BNY Mellon Posts Better-Than-Expected Earnings and Boosts Its Dividend
1. BK reported Q2 earnings per share of $1.94, exceeding expectations. 2. Net interest income grew 17% year-over-year, driven by higher yields. 3. Fee revenue rose 7% due to increased client activity and forex revenue. 4. Assets under management increased to $2.11 trillion, up 3% year-over-year. 5. BK raised its dividend to $0.53, indicating strong financial health.