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

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

The company's profit totaled $1.39 billion, or $1.52 per share. This compares with $0.83 billion, or $0.84 per share, in last year's fourth quarter.

Excluding items, The Bank of New York Mellon Corp. reported adjusted earnings of $931 million or $1.01 per share for the period.

Analysts had expected the company to earn $1.01 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 0.5% to $3.99 billion from $4.01 billion last year.

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

-Earnings (Q4): $931 Mln. vs. $987 Mln. last year.
-EPS (Q4): $1.01 vs. $0.99 last year.
-Analysts Estimate: $1.01
-Revenue (Q4): $3.99 Bln vs. $4.01 Bln last year.

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