BNY Mellon profit and revenue surge on one-time equity gain

BOSTON, July 17 Wed Jul 17, 2013 6:34am EDT

BOSTON, July 17 (Reuters) - BNY Mellon Corp said on Wednesday second-quarter revenue and profit surged on a $184 million pre-tax gain from an equity investment.

The world's largest custody bank earned $833 million, or 71 cents a share, compared with $466 million, or 39 cents a share, in the year-ago period when it took a litigation charge.