BNY Mellon's third-quarter profit falls without tax benefit

October 16, 2013


Oct 16 (Reuters) - BNY Mellon Corp said on Wednesday that its third-quarter profit fell without a one-time tax benefit.

The world's largest custody bank by assets earned $967 million, or 82 cents a share, compared with $720 million, or 61 cents a share, a year earlier.

But without a benefit from a U.S. Tax Court decision, BNY Mellon said earnings were $706 million, or 60 cents a share.