Bank of New York Mellon Conference Call Notes (BK)

Bank of New York Mellon BK says "litigation expenses increased in 1Q... seeing good growth in investment management fees... executing plans to return capital to shareholders... benefiting from acquisitions made last year... new business trends, pipelines in 'good shape'... sees 'considerably less' M&A activity ahead... litigation continues to be 'risk' in 2Q... expects to exceed tier 1 common Basel 3 requirement... will see large percentage of revenues in fees."