Bank of NY Mellon (NYSE:BK)
Bank of NY Mellon (NYSE:BK) reported first quarter earnings that missed analysts’ expectations on Wednesday and revenue that fell short of forecasts.
The firm reported earnings per share of $0.94 on revenue of $3.9B. Analysts polled by Investing.com forecast EPS of $0.96 on revenue of $3.99B. That compared to EPS of $1.1 on revenue of $4.18B in the same period a year earlier. The company had reported EPS of $0.84 on revenue of $4.01B in the previous quarter.
Bank of NY Mellon follows other major Financial sector earnings this month
On Friday, JPMorgan reported first quarter EPS of $2.65 on revenue of $29.85B, compared to forecasts of EPS of $2.35 on revenue of $28.44B.
Bank of America earnings Beat analysts’ expectations on Tuesday, with first quarter EPS of $0.7 on revenue of $23B. Investing.com analysts expected EPS of $0.66 on revenue of $23.2B