The Bank of New York Mellon Corp. Earnings Climb In Q3, Beats estimates

(RTTNews) - The Bank of New York Mellon Corp. (BK) announced a profit for its third quarter that climbed from the same period last year.

The company's earnings totaled $881 million, or $1.04 per share. This compares with $876 million, or $0.98 per share, in last year's third quarter.

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 rose 4.9% to $4.04 billion from $3.85 billion last year.

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

-Earnings (Q3): $881 Mln. vs. $876 Mln. last year. -EPS (Q3): $1.04 vs. $0.98 last year. -Analysts Estimate: $1.01 -Revenue (Q3): $4.04 Bln vs. $3.85 Bln last year.