BUZZ - BNY Mellon reports better-than-expected Q3 results, stock price rises

October 15 - ** Shares of the lending institution BNY Mellon (BNY.N) rose 1.4% in pre-market trading, at $139.5

** According to data compiled by London Stock Exchange Group (LSEG), the bank's adjusted earnings per share for the third quarter were $2.37, and third-quarter revenue reached $5.68 billion, both exceeding analysts' expectations of $2.27 and $5.55 billion

** The growth in revenue and profit benefited from the platform's comprehensive expansion and strong client demand

** The report shows that as of the end of the third quarter, assets under management (AUM) stood at $2.2 trillion

** Of 17 brokerages, 11 rate the stock as “buy” or higher, and 6 rate it as “hold”; the median target price is $161.50 — data compiled by LSEG

** As of the previous trading day’s close, the stock had risen about 18.6% year-to-date, while the NYSE Composite Index rose 8.5% over the same period .NYA

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