21.01.2016 12:35:07

The Bank of New York Mellon Corp. Q4 Earnings Rise 13%

(RTTNews) - The Bank of New York Mellon Corp. (BK) released a profit for its fourth quarter that rose from last year.

The company said its bottom line totaled $755 million, or $0.68 per share. This was higher than $667 million, or $0.58 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.64 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 1.1% to $3.73 billion. This was up from $3.69 billion last year.

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

-Earnings (Q4): $755 Mln. vs. $667 Mln. last year. -Earnings Growth (Y-o-Y): 13.2% -EPS (Q4): $0.68 vs. $0.58 last year. -EPS Growth (Y-o-Y): 17.2% -Analysts Estimate: $0.64 -Revenue (Q4): $3.73 Bln vs. $3.69 Bln last year. -Revenue Change (Y-o-Y): 1.1%

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