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The Bank of New York Mellon Corp. Q4 adjusted earnings Beat Estimates

The Bank of New York Mellon Corp. (BK) released earnings for fourth quarter that dropped from last year.

The company's earnings totaled $0.83 billion, or $0.84 per share. This compares with $1.13 billion, or $1.08 per share, in last year's fourth quarter.

Excluding items, The Bank of New York Mellon Corp. reported adjusted earnings of $987 million or $0.99 per share for the period.

Analysts had expected the company to earn $0.93 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 1.0% to $4.01 billion from $4.05 billion last year.

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

-Earnings (Q4): $987 Mln. vs. $945 Mln. last year.
-EPS (Q4): $0.99 vs. $0.91 last year.
-Analysts Estimate: $0.93
-Revenue (Q4): $4.01 Bln vs. $4.05 Bln last year.

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