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0.000181159420289819 0 -0.00108695652173917 -0.00144927536231881 -0.00217391304347821 0.0027173913043478 0.00688405797101454 0.00615942028985501
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BNY Mellon down 4.5% on capital return disappointment [Seeking Alpha]

BANK of NEW YORK MELLON (BK)  More Company Research Source: Seeking Alpha
Last bank of new york mellon earnings: 4/19 06:30 am Check Earnings Report
PDF BNY Mellon down 4.5% on capital return disappointmentThe company met bottom-line estimates, but was shy of consensus on revenue.Perhaps hurting the stock today is the company's promise to take any money saved from tax cuts and reinvest it back into the business - maybe disappointing to those hoping for upped capital returns.Part of that that reinvestmentis a rise in the minimum wage to $15 per hour, affecting about 1K of the bank's 52.5K employees.BK-4.5%Previously:Bank of New York Mellon EPS in-line, misses on revenue (Jan. 18)See all stocks on the move »Now read:The Financial That's Surfing The Strongest Tailwind On The Market » [Read more]

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