Reports Q2 revenue $3.19B, consensus $3.15B. Reports Q2 AUM $4.4T. Reports Q2 CET1 capital ratio 11.2%. Ron O’Hanley, chairman and CEO: “We delivered encouraging financial performance in the second quarter, with continued year-over-year revenue growth and well-controlled expenses resulting in an ROE of nearly 12%. Net interest income growth was supported by various management actions, while Fee revenue growth reflected robust Management fee performance and FX trading services that helped to offset a notable episodic revenue headwind within Servicing fees.”
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