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.