×
0.00113637601338969 0.000954846298790616 0.00186249487178561 0.00340549744587698 -0.00303880742238698 -0.00022509684610273 -0.000860450847199236 0.000954846298790616
Stockreport

BNY Mellon expects more severance charges in 2018, shares down [Reuters]

BANK of NEW YORK MELLON (BK)  More Company Research Source: Reuters
Last bank of new york mellon earnings: 4/19 06:30 am Check Earnings Report
PDF BNY Mellon expects more severance charges in 2018, shares down | Reuters Reuters Staff 2 Min Read (Reuters) - Bank of New York Mellon Corp ( BK.N ) expects to book more severance charges in 2018, its chief executive said, as the custodian bank tries to cut costs and streamline its businesses. Shares fell 4.2 percent to $55.43 in early trading on Thursday, after BNY Mellon recorded $246 million in severance and litigation charges in its fourth-quarter earnings report. The severance charges in the quarter is mainly related to changes in senior management and in its U.S. asset management business, CEO Charles Scharf said on a post-earnings call. The bank also recorded a benefit of $427 million related to the new federal tax laws. Excluding tax benefit of 41 cents and charges of 24 cents, the custodian bank reported a profit of 91 cents, in-line with analysts’ expectation, according to Thomson Reuters I/B/E/S. “The impact of the lower tax rate would be almost entirely offset by actions [Read more]

IMPACT SNAPSHOT EVENT TIME: BK
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST
PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST
PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
POST NEWS RANGE
%
PRICE CHANGE

PRICE CHANGE PERCENTAGE


S&P 500 (SPX)

%

VOLUME RATIO
%

VOLUME (SHARES)
TICKS

AVG SHARES PER TRADE

Don't Miss Out On The Next BIG Stock Move
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS