UPDATE 2-BNY Mellon profit beats estimates on higher fees, shares up [Reuters (UK)]
The Bank of New York Mellon Corporation (BK)
Last the bank of new york mellon corporation earnings: 4/16 06:30 am
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US:NYSE Investor Relations:
bnymellon.com/us/en/investor-relations/index.jsp
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Source: Reuters
BNY Mellon profit beats estimates on higher fees, shares up | Reuters 2 Min Read (Reuters) - Bank of New York Mellon Corp ( BK.N ) beat Wall Street estimates for fourth-quarter profit on Wednesday, as it earned more in fees from servicing assets that clients keep with the bank and kept a tight lid on expenses. Shares of the world’s largest custodian bank rose 3.2 percent to $51 in early trading. A 10 percent rise in total fee revenue to $3.15 billion lifted overall revenue by 7.5 percent to $4 billion. Net income applicable to common shareholders fell to $832 million, or 84 cents per share, in the quarter ended Dec.31, from $1.13 billion, or $1.08 per share, a year earlier, when it took a one-time gain of $181 million due to U.S. corporate tax cuts. On an adjusted basis, the company earned $987 million or 99 cents per share. Analysts on average had expected earnings of 92 cents per share, according to IBES data from Refinitiv. BNY Mellon expects first-quarter expenses to rise up to
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BK
Earnings
- 4/16/24 - Beat
BK
Sec Filings
- 4/19/24 - Form 4
- 4/19/24 - Form 4
- 4/19/24 - Form 4
- BK's page on the SEC website