Bank of New York Mellon Corp

BNY: XNYS (USA)
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BNY Earnings: Very Strong Quarter Amid Favorable Operating Environment

The Bank of New York Mellon reported strong second-quarter results with 13% revenue growth and 7% adjusted expense growth. This led to 22% adjusted net income growth, with returns on tangible common equity rising to 31% versus 29% in the first quarter. Shares rose 3% in July 15 intraday trading.

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