BNY Mellon Second Quarter Earnings Jump (BK)

Bank of New York Mellon BK said net income for the second quarter was $658 million, or 54 cents a share, up from $176 million, or 15 cents a share in the year-ago period. Analysts polled by FactSet Research, on average, expected earnings of 55 cents a share. For the quarter, revenue grew 14% to $2.57 billion, including $13 million from net securities gains, after $256 million in losses a year ago. Net interest revenue came in at $722 million. Bank of New York was not active in pre market trading.