BNY Mellon Pushes Out CEO Kelly
Bank of New York Mellon delivered surprise news late Wednesday with the announcement that Chairman and CEO Robert P. Kelly has left after reported disagreements over the way he has run the company.
Q2 Earnings: BNY Mellon Profits Rise Nearly 12% as Pershing Revenue Stays Flat
Bank of New York Mellon reported profits of nearly 12% in Q2 2011, but the Pershing RIA custody unit's revenues were flat.
2011 Q1 Earnings: BNY Mellon Misses Estimates Despite Pershing's Strong Results
Clearing services conducted by Pershing resulted in sales of $292 million, up 27% from last year.
BNY Mellon Boosts Earnings on Lower Clearing Income
Revenue from clearing services to broker-dealers and RIAs was $369 million in the most-recent period, down 8% from last year but up 1% from the first quarter.