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Bank of NY Mellon Earnings inline, Revenue Beats In Q4 -Breaking

by Mike Robinson

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© Reuters. Bank of NY Mellon Earnings and Revenue Beats in Q4

Bank of NY Mellon (NYSE 🙂 announced Tuesday that the fourth quarter exceeded analysts’ expectations and that revenue was higher than expected.

Bank of NY Mellon declared earnings per share of $1.01 based on $4.02B in revenue. Investing.com polled analysts and predicted EPS at $1.01 for revenue of $4.02B.

Bank of NY Mellon shares rose 9.5% over the first of the year but are down 1.44% compared to its 52 week peak of $64.53 which was set on January 13th. They are outperforming the S&P 500 which is down 2.17% from the start of the year.

Bank of NY Mellon following major financial sector earnings this Month

The Bank of NY Mellon report comes after JPMorgan reported an earnings beat on Friday. JPMorgan’s forecasts for EPS of 3.01 per cent on revenues of $29.78B was met by Bank of NY Mellon reporting EPS of 3.00.

Wells Fargo&Co had beat expectations on Friday with fourth quarter EPS of $1.38 on revenue of $20.86B, compared to forecast for EPS of $1.11 on revenue of $18.84B.

You can keep up-to date on the latest earnings reports by visiting Investing.com’s earnings calendar

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