Bank of New York Meets Analysts' 3Q Estimates - TheStreet

Bank of New York

(BK) - Get Report

posted third-quarter earnings that met analysts' expectations.

Bank of New York posted earnings of 49 cents a share, in line with the 19-analyst estimate, and up from year-ago earnings of 42 cents a share, excluding a $1.02 billion pretax gain from the sale of

BNY Financial

and other charges.

The company said its profit rose 16% on growth in its securities servicing businesses and foreign exchange trading.