The Bank Of New York Mellon Corp. Q2 Profit Increases, Beats Estimates

(RTTNews) - The Bank of New York Mellon Corp. (BK) announced a profit for its second quarter that Increased from the same period last year and beat the Street estimates.

The company's earnings totaled $1.391 billion, or $1.93 per share. This compares with $1.143 billion, or $1.52 per share, last year.

Excluding items, The Bank of New York Mellon Corp. reported adjusted earnings of $1.94 per share for the period.

Analysts on average had expected the company to earn $1.75 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 9.4% to $5.028 billion from $4.597 billion last year.

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

-Earnings: $1.391 Bln. vs. $1.143 Bln. last year. -EPS: $1.93 vs. $1.52 last year. -Revenue: $5.028 Bln vs. $4.597 Bln last year.