BNY Mellon’s net income declined in the first half

Net profit of Bank of New York Mellon Financial Corp. (BNY Mellon), attributable to shareholders, in the first half of the year decreased by 17% in annual terms and amounted to 1.534 billion dollars, follows from the corporation’s report.

Diluted earnings per common share were $1.88 compared to $2.1 in January-June last year. BNY Mellon’s revenue grew by 3.7% to $8.18 billion.

BNY Mellon’s second-quarter net income attributable to shareholders was $835 million, down 15.7% year-on-year. Diluted earnings per share were $1.03 compared to $1.13 a year ago. Revenue increased by 7.4% to $4.254 billion.

BNY Mellon shares are up 1.5% in US pre-trading.

BNY Mellon is one of the world leaders in the asset management and securities services sector. The corporation was formed as a result of the merger of the oldest American bank Bank of New York and Mellon Financial Corporation on July 1, 2007.