Bank of New York Mellon Q3 EPS $2.34, revenue $5.68B, beats estimates

BNY reported Q3 GAAP EPS of $2.34, adjusted EPS of $2.37, above the $2.27 consensus. Revenue of $5.68 billion beat the $5.55 billion estimate, up 12% year over year. Net interest income rose 15% to $1.42 billion. The provision for credit losses was $1 million. CET1 ratio was 10.9%.