NEW YORK CITY (dpa-AFX) - The Bank of New York Mellon Corp. (BK) announced a profit for its second quarter that Increased from the same period last year and beat the Street estimates.
The company's earnings totaled $1.391 billion, or $1.93 per share. This compares with $1.143 billion, or $1.52 per share, last year.
Excluding items, The Bank of New York Mellon Corp. reported adjusted earnings of $1.94 per share for the period.
Analysts on average had expected the company to earn $1.75 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 9.4% to $5.028 billion from $4.597 billion last year.
The Bank of New York Mellon Corp. earnings at a glance (GAAP) :
-Earnings: $1.391 Bln. vs. $1.143 Bln. last year. -EPS: $1.93 vs. $1.52 last year. -Revenue: $5.028 Bln vs. $4.597 Bln last year.
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