Fitting with a pattern set by most major peers, the US-headquartered group has reported a stronger mix of performance figures.

BNY, the New York-headquartered financial group providing services including for the wealth management industry, last week reported a 16 per cent year-on-year rise in net income applicable to common shareholders, at $1.11 billion. 

The group has an adjusted pre-tax margin of 33 per cent.

Total fee revenues rose 5 per cent to $3.4 billion; total revenues also rose 5 per cent to $4.648 billion. Noninterest expenses were unchanged at $3.1 billion, it said in a statement.

Assets under management, as at September 30, rose 18 per cent year-on-year to $2.144 trillion; income from wealth management clients rose 14 per cent to $333 billion. 

Wealth management revenue rose 6 per cent to $280 million. The year-over-year increase primarily reflects higher market values and net interest income, partially offset by changes in product mix.

Investment management fees rose 5 per cent to $782 million. Within investment services, those of the Pershing business fell 1 per cent to $475 million, BNY said. 

The group had a Common Equity Tier 1 ratio of 11.9 per cent, rising from 11.3 per cent a year before. 

Assets under custody/and/or administration exceeded $50 trillion for the first time. 

The group returned $1.078 billion of capital to common shareholders, comprising $353 million of dividends and $725 million of share repurchases.