BNY Mellon Q2 Profit Climbs - Quick Facts

(RTTNews) - The Bank of New York Mellon Corp., known as BNY Mellon (BK), posted a significant rise in second-quarter net income applicable to common shareholders to $833 million, or $0.71 per share, from $466 million, or $0.39 per share, a year earlier. Excluding amortization of intangible assets, M&I, litigation and restructuring charges and the charge on the disallowance of certain foreign tax credits, non-GAAP net income applicable to the company's common shareholders totaled $900 million in the recent period.

On average, 22 analysts polled by Thomson Reuters expected earnings per share of $0.57 for the quarter. Analysts' estimates typically exclude one-time items.

On a GAAP basis, total revenue for the quarter was $4.01 billion, up 11% from the prior year's $3.62 billion, with non-GAAP total revenue growing 6% year-on-year to $3.79 billion, from $3.59 billion. Analysts estimated revenues of $3.71 billion for the quarter.

Today, the company declared a quarterly common stock cash dividend of $0.15 per share, payable on August 6, 2013 to shareholders of record as of the close of business on July 29, 2013.