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Financial | Asset Management | USA
Bank of New York Mellon Slides After Whiffing on First-Quarter Earnings
Bank of New York Mellon's earnings drop on weaker revenue from interest income and investment management-related activities; shares plunge.
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BNY Mellon said it earned $910 million, or 94 cents a share, in the quarter ended March 31, down from $1.14 billion, or $1.10 a share, in the comparable year-earlier period. Analysts polled by FactSet had been expecting the New York-based bank to earn 96 cents a share. Total revenue dropped 7% to $3.9 billion from $4.18 billion a year earlier.
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https://www.thestreet.com/investing/bank...yptr=yahoo
![[Bild: BKc1dl1633.png]](https://finviz.com/publish/041719/BKc1dl1633.png)
Bank of New York Mellon Slides After Whiffing on First-Quarter Earnings
Bank of New York Mellon's earnings drop on weaker revenue from interest income and investment management-related activities; shares plunge.
...
BNY Mellon said it earned $910 million, or 94 cents a share, in the quarter ended March 31, down from $1.14 billion, or $1.10 a share, in the comparable year-earlier period. Analysts polled by FactSet had been expecting the New York-based bank to earn 96 cents a share. Total revenue dropped 7% to $3.9 billion from $4.18 billion a year earlier.
...
https://www.thestreet.com/investing/bank...yptr=yahoo
