Market Overview

UPDATE: BNY Mellon Posts Upbeat Q3 Profit

Related BK
Earnings Scheduled For October 20, 2015
BNY Mellon Expands Asia Pacific Capabilities With Extension of Common Depositary Services
Tracking Larry Robbins' Glenview Capital Management Portfolio - Q3 2015 Update (Seeking Alpha)

Bank of New York Mellon (NYSE: BK) reported a 35% rise in its third-quarter net income.

BNY Mellon's quarterly profit surged to $980 million, from $725 million, in the year-ago period. Its per-share earnings climbed to $0.82 from $0.61. Excluding one-time items, it earned $0.60 per share.

Its revenue climbed 2.5% to $3.77 billion, while total fee revenue rose 2.9% to $2.94 billion. However, analysts were expecting earnings of $0.58 per share on revenue of $3.75 billion.

BNY Mellon shares closed at $30.85 yesterday.

Posted-In: profitEarnings News


Related Articles (BK)

Get Benzinga's Newsletters