BNY Custody Business Revenue Rises 10% in Third Quarter
BNY's replacement reporting line for its Pershing brand advisor custody business recorded 10% year-over-year revenue growth in the third quarter. The headline also says BNY topped Wall Street forecasts.
By Kenneth CorbinBNY no longer reports revenue from its Pershing brand advisor custody business as a separate line item on its earnings reports, but the unit that took its place saw a 10% year-over-year increase in revenue in the third quarter. Since the first quarter of 2026, BNY has reported fina…