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

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

The company's earnings came in at $991 million, or $1.13 per share. This compares with $901 million, or $1.01 per share, in last year's second quarter.

Analysts had expected the company to earn $1.00 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 1.2% to $3.96 billion from $4.01 billion last year.

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

-Earnings (Q2): $991 Mln. vs. $901 Mln. last year.
-EPS (Q2): $1.13 vs. $1.01 last year.
-Analysts Estimate: $1.00
-Revenue (Q2): $3.96 Bln vs. $4.01 Bln last year.

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