Market Overview

UPDATE: Bank of New York Mellon Posts Higher Q4 Profit

Related BK
Dollar Pegging Drags Argentina to Default: 2 Banks Look Safe
Inadequate 'Living Wills', Banks to Correct Flaws by 2015
Citigroup Leads Parade of Bank Earnings Next Week (Fox Business)

Bank of New York Mellon (NYSE: BK) reported a rise in its fourth-quarter net income.

Bank of New York Mellon's quarterly profit surged to $613 million, or $0.53 per share, versus $500 million, or $0.42 per share, in the year-ago quarter.

Analysts were expecting earnings of $0.53 per share. The net interest margin declined to 1.09% from 1.27%.

Bank of New York Mellon shares closed at $26.78 yesterday.

Posted-In: profitEarnings News


Related Articles (BK)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters

Benzinga Professional