UPDATE: Bank of New York Mellon Reports Q2 Net Profit of $735M

Bank of New York Mellon Corp BK released its results for the second quarter on Tuesday. BK's quarterly net profit surged to $735 million, or $0.59 per share, from $658 million, or $0.54 per share, in the year-ago period. The bank's total fee revenue climbed to $3.01 billion from $2.54 billion. Its net interest revenue surged to $731 million from $722 million. BK shares dropped 0.16% to close at $24.60 yesterday.