Assets under custody and administration surged to a record high of $33.6 trillion, the trust bank said in its second-quarter report.
The custody bank benefited from a wide range of economic forces in the first quarter
BNY Mellon plowed some of its tax law savings into restructuring efforts.
In his first major move as CEO, Charlie Scharf has made several management changes at Bank of New York-Mellon.
Growth in asset servicing offset declines in fees from foreign exchange and depositary receipt activity.
