UPDATE 1-BNY Mellon beats profit estimates on cost controls
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.
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.
Posted by Reuters
