The Bank of New York Mellon Corp. Profit Rises 9% In Q4

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

The company said its bottom line rose to $826 million, or $0.77 per share. This was up from $755 million, or $0.68 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.77 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 1.9% to $3.79 billion. This was up from $3.72 billion last year.

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

-Earnings (Q4): $826 Mln. vs. $755 Mln. last year. -Earnings Growth (Y-o-Y): 9.4% -EPS (Q4): $0.77 vs. $0.68 last year. -EPS Growth (Y-o-Y): 13.2% -Analysts Estimate: $0.77 -Revenue (Q4): $3.79 Bln vs. $3.72 Bln last year. -Revenue Change (Y-o-Y): 1.9%