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0 0.00188608072425502 0.0137683892870614 0.0184835910976989 0.0184835910976989 0.0203696718219539 0.0209354960392305 0.0231987929083364
Stock impact report

BNY Mellon quarterly profit tops estimates [Reuters]

The Bank of New York Mellon Corporation (BK) 
Last the bank of new york mellon corporation earnings: 4/16 06:30 am Check Earnings Report
Company Research Source: Reuters
BNY Mellon quarterly profit tops estimates | Reuters Reuters Staff 1 Min Read (Reuters) - Bank of New York Mellon Corp ( BK.N ) reported a better-than-expected first-quarter profit on Thursday, helped by strong growth in its assets servicing and management business. The world’s largest custodian bank said net income applicable to common shareholders rose to $1.14 billion, or $1.10 per share, in the quarter ended March 31 from $880 million, or 83 cents per share, a year earlier. Analysts on average had expected earnings of 96 cents per share, according to Thomson Reuters I/B/E/S. Non-interest expenses rose 3.7 pct to $2.74 billion. Total revenue rose 8.7 percent to $4.18 billion. Assets under management jumped 8 percent to a record $1.9 trillion, driven by surging equity markets, a weaker dollar and net inflows, partially offset by the divestiture of CenterSquare Investment Management, the company said. (This version of the story corrects paragraph 4 to “$2.74 billion” from “$2.74”) Show less Read more
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