On Jan 15, BNY reported a 27% increase in its fourth-quarter profit, attributing the rise to higher investment service fees from clients. The bank's fees, usually a percentage of assets under custody, benefited from acquiring new clients, a market upturn post Federal Reserve interest rate cuts and Donald Trump's election win, boosting their value. Factors such as economic resilience and expected borrowing cost cuts led clients to maintain their investment activities, boosting BNY's profit. Total fee revenue in the quarter grew 9% to $3.51 billion year-over-year. Net interest income increased 8% to $1.19 billion. Analysts had anticipated a 5% decrease, according to LSEG. Profit applicable to BNY shareholders was $1.27 billion or $1.72 per share for the quarter ending Dec. 31, up from $1 billion or $1.29 per share the previous year. BNY's assets under custody and administration in the fourth quarter were $52.1 trillion, a 9% rise from the prior year.