In a report released on January 15, Gerard Cassidy from RBC Capital maintained a Hold rating on Bank of New York Mellon Corporation (BK –

Bank of New York Mellon logged a higher profit in the fourth quarter as both fee and interest revenue climbed and costs came down from a year ago. The bank posted a profit of $1.16 billion, or $1.54 a share, compared with $206 million, or 21 cents a share, in the same quarter a year ago.

The Bank of New York Mellon Corp. (BK) reported a profit for its fourth quarter that increased from last year and beat the Street

The Bank of New York Mellon Corporation (BK) came out with quarterly earnings of $1.72 per share, beating the Zacks Consensus Estimate of $1.56 per share. This compares to earnings of $1.28 per share a year ago.