interest revenue

Bank of New York Mellon 1Q earnings rise 72 percent

Topix - Business News  Thu, 04/17/2008 - 17:19

Bank of New York Mellon says its first-quarter earnings rose 72 percent due to fee and net interest growth.

The New York-based bank says it earned $746 million, or 65 cents per share.

It earned $434 million, or 60 cents per share, during the year-ago period.

Excluding merger costs and other special charges, the bank says it earned 78 cents per share.

Thomson Financial reports analysts expected earnings of 73 cents per share.