Q3 Earnings: BNY Mellon’s Pershing Unit Does Better Than Bank
Pershing Advisor Services, the RIA custody and BD clearing business of Bank of New York Mellon, outperformed its parent in Q3 2011, reporting a year-over-year rise in profits of 17.9% versus profits of just 4.7% for the larger bank.
Hassell Takes BNY Mellon Reins as CEO Kelly Steps Down
Long-time veteran will succeed Kelly following management differences with board
BNY Mellon's Q3 EPS Bounces Back; Record AUM of $1.14 Trillion
Bank of New York Mellon Corp. reported third-quarter 2010 profits of $625 million, or $0.51 per common share, compared with a loss of $2.44 billion, or $2.04, in Q3 2009.
BNY Mellon Boosts Q2 Earnings on Lower Clearing Income
The Bank of New York Mellon reported on July 20, quarterly income from continuing operations of $668 million, or $0.55 per share, compared with $267 million, or $0.23 per share, in the second quarter of 2009.