*

BNY's assets under custody and administration rose 11% to

$57.8

trillion

*

Net interest income rose 18%, exceeding Wall Street

expectations

*

Asset serviving revenue up 12% YoY, highest growth since

Q1 2018

Oct 16 (Reuters) - BNY reported a 21% jump in

third-quarter profit on Thursday, as soaring equity markets

boosted the value of its client assets, helping the world's

largest custodian bank earn more in fees.

BNY's assets under custody and administration rose 11% in

the quarter ended Sept. 30 to $57.8 trillion from a year

earlier. The Wall Street bank said the rise reflected higher

market values and client inflows.

Its total revenue jumped 9% to a record $5.08 billion in the

quarter.

Net interest income (NII) - the spread between earnings from

assets and costs on liabilities - also rose 18%, smashing

analysts expectations of 12.6% growth, according to estimates

compiled by LSEG.