The Bank of New York Mellon Corporation (BK) saw its net income climb 78%, rising to $833 million, or 71 cents a share, from $466 million, or 39 cents a share, a year prior, an article in The Dividend Daily reported. 

 Gerald Hassell, chairman and CEO of BNY Mellon noted, "We are pleased to report strong earnings and record revenues for the quarter, as all of our businesses delivered year-over-year increases. Our solid revenue growth is a reflection of better market conditions in the quarter…In addition, Investment Management recorded its fifteenth consecutive quarter of net positive long-term flows."