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0 0 0 0.00178571428571431 0.0016767857142858 0.00357142857142862 0.00517857142857141 -0.0148214285714285
Stock impact report

BNY Mellon's Revenue Beats Estimates on Investment Fee Growth [BNN Bloomberg (Canada)]

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: BNN Bloomberg
Total revenue rose 2.5% to $4.5 billion in the three months through March from a year earlier, exceeding the $4.4 billion estimated by analysts tracked by Bloomberg. Total fees and other revenue climbed about 6% to $3.49 billion for the quarter, also beating expectations. “We are starting to see our growth initiatives deliver results,” Chief Executive Officer Robin Vince said in a statement on Tuesday. “While we are pleased to see early signs of progress, we remain focused on the significant work ahead of us.” BNY Mellon reported net interest income of $1.04 billion for the quarter. That figure beat a Bloomberg consensus of analysts' estimates, but declined from the same period last year. The shares of the 240-year-old institution are up 5.8% for the year, compared with a 2.5% gain in the KBW Bank Index. Alexander Hamilton founded the bank in 1784. ©2024 Bloomberg L.P. Show less Read more
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