NEW YORK CITY (dpa-AFX) - The Bank of New York Mellon Corp. (BK) reported earnings for its first quarter that climbed from last year.
The company's earnings totaled $1.14 billion, or $1.10 per share. This compares with $880 million, or $0.83 per share, in last year's first quarter.
Analysts had expected the company to earn $0.96 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 8.9% to $4.18 billion from $3.84 billion last year.
The Bank of New York Mellon Corp. earnings at a glance:
-Earnings (Q1): $1.14 Bln. vs. $880 Mln. last year. -EPS (Q1): $1.10 vs. $0.83 last year. -Analysts Estimate: $0.96 -Revenue (Q1): $4.18 Bln vs. $3.84 Bln last year.
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