UPDATE 1-BNY Mellon profit rises 37 pct on tax gain [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
UPDATE 1-BNY Mellon profit rises 37 pct on tax gain | Reuters Reuters Staff 2 Min Read (Adds details on Q4 results) Jan 18 (Reuters) - Bank of New York Mellon Corp reported a 37 percent rise in fourth-quarter profit on Thursday, benefiting from a one-time gain of $427 million from the federal tax overhaul. BNY Mellon, the world’s largest custodian bank, said net income applicable to common shareholders rose to $1.13 billion, or $1.08 per share, in the quarter ended Dec. 31, from $822 million, or 77 cents per share, a year earlier. Analysts on average had expected earnings of 91 cents per share, according to Thomson Reuters I/B/E/S. However, it was not immediately clear if the numbers were comparable. Adjusted net interest revenue rose 2.25 percent to $862 million, benefiting from the three hikes in benchmark interest rate by the Federal Reserve in 2017. BNY Mellon’s non-interest expenses rose 14.25 percent to $3 billion. On an adjusted basis, the bank’s total revenue fell 1.8 percent
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BK
Earnings
- 4/16/24 - Beat
BK
Sec Filings
- 4/24/24 - Form N-CSRS
- 4/23/24 - Form 4
- 4/22/24 - Form 4
- BK's page on the SEC website