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The Bank of New York Mellon Corp. Profit Falls In Q2

The Bank of New York Mellon Corp. (BK) announced earnings for second quarter that fell from last year.

The company's bottom line totaled $0.97 billion, or $1.01 per share. This compares with $1.06 billion, or $1.03 per share, in last year's second quarter.

Analysts had expected the company to earn $0.95 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 5.3% to $3.92 billion from $4.14 billion last year.

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

-Earnings (Q2): $0.97 Bln. vs. $1.06 Bln. last year.
-EPS (Q2): $1.01 vs. $1.03 last year.
-Analysts Estimate: $0.95
-Revenue (Q2): $3.92 Bln vs. $4.14 Bln last year.

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