That compared with $715 million, or 62 cents a share, in the year-ago quarter. BNY Mellon - reported net income of $ 830mn , up 10 % YoY , beating estimates due to the bank reacting to pressure from activist hedge funds to cut costs and boost profit . However , the bank 's CEO , Gerald Hassell , said that he expects higher regulatory scrutiny and more expenses from bringing new investors on board during the second half of the year .
BNY Mellon - reported net income of $ 830mn , up 10 % YoY , beating estimates due to the bank reacting to pressure from activist hedge funds to cut costs and boost profit . However , the bank 's CEO , Gerald Hassell , said that he expects higher regulatory scrutiny and more expenses from bringing new investors on board during the second half of the year .