The Bank of New York Mellon Corp. Profit Climbs In Q1

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

The company's profit came in at $944 million, or $1.05 per share. This compares with $910 million, or $0.94 per share, in last year's first quarter.

Analysts had expected the company to earn $0.88 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 5.4% to $4.11 billion from $3.90 billion last year.

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

-Earnings (Q1): $944 Mln. vs. $910 Mln. last year.
-EPS (Q1): $1.05 vs. $0.94 last year.
-Analysts Estimate: $0.88
-Revenue (Q1): $4.11 Bln vs. $3.90 Bln last year.

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