Mellon, City National Profits Rise

Mellon Bank Corp. said fourth-quarter earnings rose to $195 million, or 75 cents a diluted share, from $193 million, or 67 cents, in the year-ago period. The Pittsburgh-based bank also said Vice Chairman Martin McGuinn would succeed Frank Cahouet, who will retire at the end of the year. On April 1, McGuinn will be promoted to chairman and CEO of Mellon Bank and take over the holding company Dec. 31 . . . City National Corp., parent of City National Bank, reported fourth-quarter net income of $21.7 million, or 45 cents a share, up 28% from $16.9 million, or 37 cents a share, reported in the same quarter last year.

Among other earnings reports:

* Archer-Daniels-Midland Co. said its fiscal second-quarter earnings fell to $139.2 million, or 25 cents a diluted share, in the quarter ended Dec. 31, from $189.9 million, or 33 cents, in the year-earlier quarter.

* Abbott Laboratories said its fourth-quarter net income rose to $567 million, or 74 cents a share, from $511 million, or 66 cents, a year earlier.

* Edison International posted fourth-quarter net income of $139.2 million, or 37 cents a share, versus $117.1 million, or 27 cents a share, a year ago.

* Hambrecht & Quist Group said profit from operations for its fiscal first quarter fell to $11.2 million, or 42 cents a diluted share, from $15.8 million, or 62 cents, in the year-ago period. The results exclude a charge related to settling an industrywide lawsuit.