Thursday, July 19, 2007

Bank of NY Mellon posts higher operating profits

(Reuters) - At the former Mellon, income from continuing operations rose 26 percent to $281 million, or 67 cents per share, from $223 million, or 54 cents, a year earlier. Net income rose 19 percent to $275 million, or 66 cents, from $232 million, or 56 cents.




Excluding items, profit per share from continuing operations was 63 cents at the former Bank of New York and 69 cents at Mellon, the combined company said.


Read more at Reuters.com Mergers News

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