BNY Mellon profit up 81%, Boston hiring plan in place
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Matthew L. Brown
Reporter- Boston Business Journal
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Bank of New York Mellon Corp.'s second quarter net income rose 81 percent to $833 million from $466 million a year ago thanks to an equity investment and improved fee revenue.
Overall revenue at the custodian bank was up 11 percent to $4.1 billion and total fee revenue jumped 14 percent to nearly $3.2 billion.
An equity investment Continue reading >>>