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BNY Mellon profit rises 37 pct on tax gain [Reuters (UK)]

BANK of NEW YORK MELLON (BK)  More Company Research Source: Reuters
Last bank of new york mellon earnings: 4/19 06:30 am Check Earnings Report
PDF BNY Mellon profit rises 37 pct on tax gain | Reuters Reuters Staff 1 Min Read Jan 18 (Reuters) - Bank of New York Mellon Corp reported a 37 percent rise in fourth-quarter profit on Thursday, benefiting from the federal tax overhaul. BNY Mellon, the world’s largest custodian bank, said net income applicable to common shareholders rose to $1.13 billion, or $1.08 per share, in the quarter ended Dec. 31, from $822 million, or 77 cents per share, a year earlier. The company recorded an estimated net benefit of $427 million from the U.S. tax legislation passed in December. Net interest revenue rose 2.4 percent to $851 million, while non-interest expenses rose 14.25 percent to $3 billion. Reporting by Diptendu Lahiri in Bengaluru; Editing by ArunKoyyur All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays. Š 2018 Reuters. All Rights Reserved. [Read more]

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