The Bank of New York Mellon Corp. (BK) released a profit for its second quarter that climbed from the same period last year.
The company’s bottom line totaled $1.06 billion, or $1.03 per share. This compares with $926 million, or $0.88 per share, in last year’s second quarter.
Analysts had expected the company to earn $1.02 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.
The company’s revenue for the quarter rose 4.8% to $4.14 billion from $3.95 billion last year.
The Bank of New York Mellon Corp. earnings at a glance:
-Earnings (Q2): $1.06 Bln. vs. $926 Mln. last year.
-EPS (Q2): $1.03 vs. $0.88 last year.
-Analysts Estimate: $1.02
-Revenue (Q2): $4.14 Bln vs. $3.95 Bln last year.
by RTTNews Staff Writer
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