Boosted by a pair of acquisitions last year, Bank of New York Mellon Corp. reported Wednesday that fourth quarter earnings rose 10%.
The New York-based company’s operating earnings increased to $734 million, or 59 cents per share, from $667 million, or 55 cents a share, from a year earlier. Analysts had expected operating earnings of 57 cents per share. Income from continuing operations declined to $690 million, or 55 cents per share, from $712 million, or 59 cents a share.
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