Bank of New York Co. expects to earn $45 million to $50 million in pretax profits from the retail branches it plans to acquire from Barclays Bank of New York.

Those figures compare with Bank of New York's $177 million pretax and $122 million after-tax profit last year, and $80 million after-tax profit in the first quarter of 1992.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.