Revenue during the quarter grew 3.03 percent to $3,843 million from $3,730 million in the previous year period. Net interest income for the quarter rose 3.39 percent over the prior year period to $792 million. Non-interest income for the quarter rose 1.62 percent over the last year period to $3,018 million.

Bank Of New York Mellon Corp has made negative provision of $5 million for loan losses during the quarter, compared with a positive provision of $10 million in the same period last year.

Net interest margin improved 14 basis points to 1.13 percent in the quarter from 0.99 percent in the last year period.

"We again delivered double-digit earnings per share growth and positive operating leverage on a year-over-year basis, reflecting the strength of our dynamic, well-diversified business model. Our performance in the quarter benefited from our investments in capabilities that address growing client demands in areas such as collateral optimization for both the buy and sell side and middle-office services for asset managers. In addition, our overall asset management flows improved to their highest levels since 2014 and assets under custody and/or administration hit a record level," Gerald L. Hassell, chairman and chief executive officer, said.

Investments stood at $120,746 million as on Mar. 31, 2017. Shareholders equity was at $39,672 million as on Mar. 31, 2017.

At the same time, return on equity increased 100 basis points to 10.20 percent in the quarter from 9.20 percent in the last year period.

Nonperforming assets moved down 63.36 percent or $185 million to $107 million on Mar. 31, 2017 from $292 million on Mar. 31, 2016.

Tier-1 leverage ratio was stable at 6.60 percent in the quarter, when compared with the last year period. Equity to assets ratio was stable at 11.60 percent in the quarter, when compared with the last year period. Book value per share was $34.23 for the quarter, up 2.67 percent or $0.89 compared to $33.34 for the same period last year.