Bank of NY Mellon Earnings, Revenue Miss in Q1
2022.04.18 13:41
Bank of NY Mellon Earnings, Revenue Miss in Q1
Investing.com – Bank of NY Mellon (NYSE:BK) reported on Monday first quarter earnings that missed analysts’ forecasts and revenue that fell short of expectations.
Bank of NY Mellon announced earnings per share of $0.86 on revenue of $3.93B. Analysts polled by Investing.com anticipated EPS of $0.8765 on revenue of $3.96B.
Bank of NY Mellon shares are down 18.58% from the beginning of the year, still down 26.83% from its 52 week high of $64.63 set on February 10. They are under-performing the S&P 500 which is down 7.84% from the start of the year.
Bank of NY Mellon follows other major Financial sector earnings this month
Bank of NY Mellon’s report follows an earnings missed by JPMorgan on Wednesday, who reported EPS of $2.63 on revenue of $30.72B, compared to forecasts EPS of $2.69 on revenue of $30,856M.
Industrial Commercial Bank of China had beat expectations on March 30 with first quarter EPS of $0.7567 on revenue of $34.21B, compared to forecast for EPS of $0.5946 on revenue of $32.96B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
