Bank Of New York Mellon Q1 Profit Rises - Quick Facts

(RTTNews) - Bank of New York Mellon Corp. (BK) reported first-quarter net income applicable to common shareholders of $766 million or $0.67 per share, up from $661 million, or $0.57 per share in the comparable quarter last year.

Analysts polled by Thomson Reuters expected the company to report earnings of $0.59 per share. Analysts' estimates typically exclude special items.

Total revenue was $3.85 billion, up 6% from $3.65 billion in the prior year. Non-GAAP total revenue rose to $3.76 billion from $3.63 billion last year. Wall Street expected revenues of $3.75 billion.