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The Bank of New York Mellon Corp. Q4 Profit Advances 38%

The Bank of New York Mellon Corp. (BK) released earnings for its fourth quarter that increased compared to the same period last year.

The company said its bottom line totaled $1.13 billion, or $1.08 per share. This was higher than $0.82 billion, or $0.77 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.91 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 1.8% to $3.72 billion. This was down from $3.79 billion last year.

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

-Earnings (Q4): $1.13 Bln. vs. $0.82 Bln. last year.
-Earnings Growth (Y-o-Y): 37.8%
-EPS (Q4): $1.08 vs. $0.77 last year.
-EPS Growth (Y-o-Y): 40.3%
-Analysts Estimate: $0.91
-Revenue (Q4): $3.72 Bln vs. $3.79 Bln last year.
-Revenue Change (Y-o-Y): -1.8%

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