OREANDA-NEWS. The Bank of New York Mellon Corporation (BK) continued to have good expense management in the second quarter of 2016 (2Q16), reporting net income of $825 million on revenue of $3.8 billion. Revenues were up modestly from the linked quarter but down compared to the year-ago period. BK continues to focus on holding down its expenses, which remains the key driver for producing positive operating leverage, according to Fitch Ratings.