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UPDATE: Bank of New York Mellon Posts Higher Q4 Profit

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Bank Of New York Mellon Reports EPS Just Above Estimates; Argus Maintains Hold
Earnings Scheduled For July 21, 2016

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

 

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