TEL AVIV (MarketWatch) -- Bank of New York Mellon Corp., the New York financial-services giant, reported third-quarter fell 53%, reflecting charges for merger and integration as well as the settlement of Internal Revenue Service matters plus certain support agreements. Net income was $303 million, or 26 cents a share, against $640 million, or 56 cents, in the year-earlier period. The charges in the latest period totaled 46 cents a share. A survey of analysts by FactSet Research produced a consensus estimate of 54 cents of profit for the quarter.
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