Market Overview

UPDATE: Bank of New York Mellon Posts Higher Q4 Profit

Related BK
Standish Melon Cuts Q1 US Growth to 1.5% from 2%; Sees Eurozone GDP 1.2% for 2014; China GDP Growth at 7.2% for 2014, 7.0% in 2015
Tougher Capital Rules for 8 Banks - Analyst Blog
BofA Posts 1Q Loss (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

 

Most Popular

Related Articles (BK)

Around the Web, We're Loving...

Partner Network

Get Benzinga's News Delivered Free