Bank of New York reported Thursday third-quarter results that beat expectations on both the top and bottom lines, with revenue rising 12% year over year to $5.7 billion, exceeding the $5.5 billion consensus. Adjusted earnings per share jumped 24% to $2.37, above the $2.27 expected. This marks BNY’s 15th consecutive quarter of year-over-year revenue growth. The bank also raised its full-year guidance, now forecasting total revenue growth of 12% to 13% and a 15% increase in net interest income. BNY is the world’s largest custodian bank, safeguarding more than $60 trillion in assets. The stock rose more than 3% following the earnings release.
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