Jan 15 (Reuters) - BNY reported a 27% jump in its

fourth-quarter profit on Wednesday as it earned higher

investment services fees from its clients.

The bank's fees, typically calculated as a percentage of

assets under custody, benefited from the acquisition of new

clients, a market rally due to the Federal Reserve's

interest-rate cuts and U.S. President-elect Donald Trump's

election win, which boosted their value.

Economic resilience and expectations of further reductions

in borrowing costs prompted clients to keep up their investment

activities, bolstering BNY's bottom line.

Its total fee revenue grew 9% to $3.51 billion from a year

earlier in the reported quarter.

Net interest income - the spread between earnings from

assets and expenditure from liabilities - rose 8% to $1.19

billion. Analysts had expected about a 5% drop in NII, according

to estimates compiled by LSEG.

Profit applicable to BNY shareholders was $1.27 billion, or

$1.72 per share, for the three months ended Dec. 31, compared

with $1 billion, or $1.29 per share a year earlier.

BNY's assets under custody and administration were $52.1

trillion in the fourth quarter, 9% higher than last year.