The Bank of New York Mellon (BNY Mellon) reported strong Q3 2024 results, reflecting growth across its three business segments. The bank achieved a notable milestone by becoming the first in history to have $50 trillion in assets under custody and administration. BNY Mellon's adjusted earnings per share (EPS) rose to $1.52, surpassing estimates of $1.42, and marking a 20% year-over-year increase. Total revenue for the quarter was $4.65 billion, exceeding expectations of $4.55 billion, and representing a 5% year-over-year growth. Additionally, the bank's net interest revenue reached $1.05 billion, up 3% year-over-year. The Common Equity Tier 1 (CET1) ratio stood at 11.9%. Noninterest expense was $3.1 billion, flat year-over-year, or increased 1% excluding notable items. The return on tangible common equity (ROTCE) was 22.8%, or 23.2% excluding notable items. Diluted EPS was $1.50, and fee income soared, contributing to the record quarter. BNY Mellon shares were up 0.7% pre-market.