====BNY Mellon (BK) reported earnings on Thur 20 Oct 2016 (b/o)

BNY Mellon beats by $0.09  :

• Reports Q3 (Sep) earnings of $0.90 per share, $0.09 better than the Capital IQ Consensus of $0.81; non-GAAP revenues rose 3.6% year/year to $3.93 bln, may not compare to the $3.88 bln Capital IQ Consensus. Investment services fees increased 2% reflecting higher money market fees, higher fees in Depositary Receipts and higher securities lending revenue, partially offset by the unfavorable impact of a stronger U.S. dollar. Investment management and performance fees increased 4% due to higher market values and money market fees, offset by the unfavorable impact of a stronger U.S. dollar and net outflows.
• AUC/A of $30.5 trillion increased 7% reflecting higher market values, offset by the unfavorable impact of a stronger U.S. dollar. Estimated new AUC/A wins in Asset Servicing of $150 billion in 3Q16. AUM of $1.72 trillion increased 6% reflecting higher market values offset by the unfavorable impact of a stronger U.S. dollar (principally versus the British pound).
• Return on common equity of 11%; Adjusted return on tangible common equity of 24% in 3Q16 (a).