BNY Mellon reports drop in fourth quarter investment services revenues

Jan 16, 2020 - Global Custodian
Financial Results

BNY Mellon has reported a slight fall in investment services revenues for the fourth quarter of last year, missing analyst estimations for the second quarter in a row.

Total investment services revenues reached nearly $3 billion for three months ending 2019, down 2% in comparison to the same period in 2018. Asset servicing revenues, which include its global custody and fund administration businesses, fell 3% to $1.4 billion due to “lower net interest revenue and foreign exchange revenueâ...