Bank Of New York Mellon Q4 Profit Rises - Quick Facts

(RTTNews) - Bank of New York Mellon Corp. (BK) reported fourth quarter net income applicable to common shareholders of $807 million or $0.70 per share, up from $513 million, or $0.44 per share in the fourth quarter of 2013.

Adjusted net income increased to $0.58 per share, from $0.54 per share in the prior year quarter. 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 $3.689 billion, compared to $3.611 billion in the prior year. Non-GAAP Total revenue dropped to $3.665 billion from $3.769 billion last year. Wall Street expected revenues of $3.80 billion.