Market Overview

UPDATE: Bank of New York Mellon Posts Higher Q4 Profit

Related BK
Citi Saw Better Than Expected Stress Test Results From The Banks They Cover
Stress Test Finale: Everything You Need To Know About Banks Returning Profits To Shareholders
Biggest Banks Boosting Buybacks (Seeking Alpha)

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)

View Comments and Join the Discussion!