12.07.2024 12:46:04 - dpa-AFX: BNY Mellon Q2 Results Top Estimates
NEW YORK CITY (dpa-AFX) - Bank of New York Mellon Corp. (BK) reported Friday
that net income applicable to common shareholders for the second quarter grew to
$1.14 billion or $1.52 per share from $1.04 billion or $1.31 per share in the
prior-year quarter.
Excluding items, adjusted earnings for the quarter were $1.51 per share,
compared to $1.38 per share in the year-ago quarter.
Total revenue for the quarter increased 2 percent to $4.60 billion from $4.50
billion in the same quarter last year.
On average, analysts polled by Thomson Reuters expected the company to report
earnings of $1.43 per share on revenue of $4.52 billion for the quarter.
Analysts' estimates typically exclude certain special items.
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