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Bank of New York Mellon does better than expected

Bank of New York Mellon posted adjusted earnings per share of 96 cents in the fiscal fourth quarter, compared to a market consensus of 91 cents. Quarterly revenues totaled $ 3.9 billion in non-GAAP, compared to the consensus’s $ 3.84 billion. Todd Gibbons, CEO of the bank, believes the establishment ended the year with leverage on its key franchise. For the comparable quarter last year, Bank of New York Mellon had adjusted EPS of 98 cents and total revenues of nearly $ 4 billion.

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