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BNY Mellon reported mixed results for Q3 2022. While revenue increased by 6%, net income and EPS decreased significantly. The results were impacted by a goodwill impairment charge.
Net income applicable to common shareholders was $319 million, or $0.39 per common share.
Total revenue increased by 6% to $4.3 billion.
AUC/A decreased by 7% to $42.2 trillion.
AUM decreased by 23% to $1.8 trillion.
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