The Bank of New York Mellon Corp. Bottom Line Rises In Q3

The Bank of New York Mellon Corp. (BK) announced earnings for its third quarter that rose from the same period last year.

The company’s earnings came in at $1.08 billion, or $1.06 per share. This compares with $0.98 billion, or $0.94 per share, in last year’s third quarter.

Analysts had expected the company to earn $1.04 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 1.2% to $4.07 billion from $4.02 billion last year.

The Bank of New York Mellon Corp. earnings at a glance:

-Earnings (Q3): $1.08 Bln. vs. $0.98 Bln. last year.
-EPS (Q3): $1.06 vs. $0.94 last year.
-Analysts Estimate: $1.04
-Revenue (Q3): $4.07 Bln vs. $4.02 Bln last year.

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