NEW YORK CITY (dpa-AFX) - The Bank of New York Mellon Corp. (BK) reported a profit for its third quarter that Increased from the same period last year and beat the Street estimates.
The company's earnings totaled $1.339 billion, or $1.88 per share. This compares with $1.110 billion, or $1.50 per share, last year.
Excluding items, The Bank of New York Mellon Corp. reported adjusted earnings of $1.91 per share for the period.
Analysts on average had expected the company to earn $1.77 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 9.3% to $5.081 billion from $4.648 billion last year.
The Bank of New York Mellon Corp. earnings at a glance (GAAP) :
-Earnings: $1.339 Bln. vs. $1.110 Bln. last year. -EPS: $1.88 vs. $1.50 last year. -Revenue: $5.081 Bln vs. $4.648 Bln last year.
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