Bank of New York Mellon Corp. reported net income jumped 79 percent to
$818 million from higher fees and investment income.
Results equaled 71 cents a share, compared with 39 cents the year earlier.
"Our solid revenue growth is a reflection of better market conditions in the quarter, as well as our success in collaborating across the company to deliver solutions our clients need," said CEO Gerald Hassell in a statement.
BNY Mellon, the world's largest custody bank, posted healthy increases in investment management and other fees, as well as from gains in equity investments.
(c)2013 The Pittsburgh Tribune-Review (Greensburg, Pa.)
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