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Bank of New York Mellon Q4 adjusted earnings inline with estimates

Christian Fernsby ▼ | January 16, 2020
The Bank of New York Mellon released earnings for its fourth quarter that climbed from the same period last year.
Bank of New York Mellon
Bank of New York Mellon   The company's profit totaled $1.39 billion
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.

Topics: Bank of New York Mellon

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.