The Bank of New York Mellon Corp. Reveals 18% Increase In Q3 Earnings

(RTTNews) - The Bank of New York Mellon Corp. (BK) reported earnings for its third quarter that climbed from last year.

The company said its bottom line climbed to $979 million, or $0.90 per share. This was up from $828 million, or $0.74 per share, in last year's third quarter.

Analysts had expected the company to earn $0.81 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 99.9% to $3.93 million. This was down from $3.80 billion last year.

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

-Earnings (Q3): $979 Mln. vs. $828 Mln. last year. -Earnings Growth (Y-o-Y): 18.2% -EPS (Q3): $0.90 vs. $0.74 last year. -EPS Growth (Y-o-Y): 21.6% -Analysts Estimate: $0.81 -Revenue (Q3): $3.93 Mln vs. $3.80 Bln last year. -Revenue Change (Y-o-Y): -99.9%