BNY Mellon profit surges 67per cent on one-time gain

BNY Mellon profit surges 67per cent on one-time gain

Bank of New York Mellon Corp posted a 67per cent jump in quarterly profit on Thursday, helped by a one-time gain from the sale of an equity investment.

The Bank of New York Mellon Corp. building at 1 Wall St. is seen in New York's financial distr
FILE PHOTO: The Bank of New York Mellon Corp. building at 1 Wall St. is seen in New York's financial district March 11, 2015. REUTERS/Brendan McDermid

REUTERS: Bank of New York Mellon Corp posted a 67per cent jump in quarterly profit on Thursday, helped by a one-time gain from the sale of an equity investment.

The bank said net income applicable to common shareholders rose to US$1.39 billion, or US$1.52 per share, in the fourth quarter ended Dec. 31, from US$832 million, or 84 cents per share, a year earlier. (https://reut.rs/36YH8Jb)

(Reporting by Bharath Manjesh in Bengaluru; Editing by Sriraj Kalluvila)

Source: Reuters

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