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The Bank of New York Mellon Corp. Reveals Increase In Q1 Earnings

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

The company's earnings totaled $1.14 billion, or $1.10 per share. This compares with $880 million, or $0.83 per share, in last year's first quarter.

Analysts had expected the company to earn $0.96 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 8.9% to $4.18 billion from $3.84 billion last year.

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

-Earnings (Q1): $1.14 Bln. vs. $880 Mln. last year.
-EPS (Q1): $1.10 vs. $0.83 last year.
-Analysts Estimate: $0.96
-Revenue (Q1): $4.18 Bln vs. $3.84 Bln last year.

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