BNY posts 12% revenue growth and 24% EPS jump in third quarter
Photo: Crypto Briefing
The custody giant's earnings growth outpaced pre-report expectations, days after it settled a tokenized Treasury repo trade with Citadel Securities BNY just reported a third quarter that should make its investors comfortable. Revenue rose 12% from a year earlier, and earnings per share grew 24%. The revenue figure landed at the top of the range analysts had sketched out before the release. Consensus called for third-quarter revenue of roughly $5.56 billion. That implied year-over-year growth between 9.5% and 12%. The earnings line is where things get more interesting.
Source: Crypto Briefing
