Investing.com – Bank of NY Mellon NYSE: reported Monday the results of their first quarter. They missed analyst forecasts, and had revenue below expectations.

Bank of NY Mellon declared earnings per share of $0.86 based on revenues of $3.93B. Investing.com polled analyst to predict EPS of $0.8765 based on revenues of $3.96B.

Bank of NY Mellon shares fell 18.58% over the course of 2018, but are still below 26.83% of its 52 week peak of $64.63 on February 10. They are under-performing the S&P 500 which is down 7.84% from the start of the year.

Bank of NY Mellon is following other financial sector major earnings this month

Bank of NY Mellon reported Wednesday’s earnings. JPMorgan missed its target of reporting EPS of $2.63 per share on $30.72B revenue. This compares to JPMorgan’s forecast of EPS of 2.99 on $30.856M revenue.

Industrial Commercial Bank of China beat all expectations with a first quarter earnings per share of $0.7567 on $34.21B in revenue, as compared to $0.5946 forecasted for $32.96B revenue.

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