Friday, April 20, 2012

TEXT-Fitch comments on The Bank of New York Mellon

April 20 - The Bank of New York Mellon's (BK) performance remained
resilient in the first quarter of 2012 (1Q'12) and showed some modest
improvement from 4Q'11, according to Fitch Ratings. This was also the first
quarter following the sale of Shareowner Services business in 4Q'11. Adjusting
for that, revenues increased more noticeably. Given its business model and
relative conservatism, BK remains more financially resilient than many banks.
Performance remains within Fitch's expectations and in

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