Oct. 11 at 2:44 PM
$BNY becomes first bank in history w/
$50T in assets under custody & admin (
$52.1T as of Sept 30)
$STT is in 2nd place as of last quarter w/
$44.3T under custody & admin.
BNY reported EPS of
$1.50 [up +22% y/y] & net income of
$1.1B [up +16% y/y]
BNY yesterday announced it would custody Wisdom Tree’s
$80B worth of US listed ETFs, including one of the 1st US bitcoin ETFs. The development follows on news last month that BNY had received an exception from the SEC allowing it to account for the crypto assets it custody’s on a separate balance sheet.
BNY's proprietary AI was already being used by 14,000 of its 55,000 employees.