Bank of NY Mellon Earnings, Revenue Miss in Q1

Investing.com - 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

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

Related Articles

U.S. pilot program allows online grocery shopping with food stamps

Norway stocks higher at close of trade; Oslo OBX up 0.22%

Russia stocks lower at close of trade; MOEX Russia down 0.29%