Custody Banks Surge on Strong Q2 Results | Business and Finance News

Custody banks are crushing it this quarter—revenue up 3% above forecasts, stocks soaring nearly 5% on average. AMG leads with a 30% revenue surge and 4% stock gain, while Hamilton Lane delivers the biggest beat with 56% growth and a 10% stock jump. StepStone underperforms, missing estimates despite 26% year-over-year growth. Federated Hermes and WisdomTree also shine, with the latter posting explosive 57% revenue growth—proof that tech adoption and global asset demand are fueling this sector’s unstoppable momentum. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/2ad1223c4727f73f