Bank of NY Mellon Earnings, Revenue Beat in Q3

Investing.com – Bank of NY Mellon (NYSE:) reported on Monday third quarter that beat analysts’ forecasts and revenue that topped expectations.

Bank of NY Mellon announced earnings per share of $1.21 on revenue of $4.30. Analysts polled by Investing.com anticipated EPS of $1.10 on revenue of $4.2B.

Bank of NY Mellon shares are down 33.87% from the beginning of the year, still down 40.57% from its 52 week high of $64.63 set on February 10.

Bank of NY Mellon follows other major Financial sector earnings this month

Bank of NY Mellon’s report follows an earnings beat by JPMorgan on Friday, who reported EPS of $3.12 on revenue of $32.7B, compared to forecasts EPS of $2.92 on revenue of $32.13B.

Wells Fargo&Co had beat expectations on Friday with third quarter EPS of $1.3 on revenue of $19.51B, compared to forecast for EPS of $1.1 on revenue of $18.76B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar

Source link