BNY Mellon Sees Flat Fourth-Quarter Expenses, Peformance Fees

Bank of New York Mellon Corp. said it expects total expenses and investment management performance fees this quarter to be in line with last year’s fourth quarter.

For the full year, the operating margin should immprove as operating expenses decline, the New York-based bank said today in a presentation posted on its website. BNY Mellon said it’s on track to reach its three-year investor day goals.

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