UPDATE 1-BNY Mellon beats profit estimates on cost controls
15 Oct UPDATE 1-BNY Mellon beats profit estimates on cost controls
Posted at 11:33h
in
News
by KMFSLLP
Bank of New York Mellon Corp
reported a better-than-expected quarterly profit on Wednesday,
as the world’s largest custodian bank cut costs to counter
weakness in its investment management business and lower
interest rates.
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