Bank of New York Mellon Corp missed analysts' estimates for quarterly profi...
FILE PHOTO: The Bank of New York Mellon Corp. building at 1 Wall St. is seen in New York's financial district March 11, 2015. REUTERS/Brendan McDermid
A 9 percent drop in fee revenue to $3.03 billion pulled down overall revenue by 6.7 percent to $3.90 billion. BNY blamed asset under management outflows and lower client activity for a decline in its fee revenue.
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