BNY’s Profit Jumps 21%, Warns of ‘Uncertain’ Outlook Ahead (1)

Bank of New York Mellon Corp.’s first-quarter net income jumped as the company reinvested maturing securities at higher yields, fueling a 6% increase in revenue.

The bank reported a 21% increase in profit to $1.15 billion, which met analyst estimates. Net interest income, or the difference between what it earns on assets and pays for liabilities, climbed 11%, BNY said Friday in a statement.

The results — which cover the three months ending in March — don’t include the market tumult spurred by US President Donald Trump’s plan to raise tariffs on much of the country’s trading partners around ...