Investing.com - Bank of NY Mellon (NYSE:BK) reported on Friday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Bank of NY Mellon announced earnings per share of $1.03 on revenue of $4.25B. Analysts polled by Investing.com anticipated EPS of $1.13 on revenue of $4.15B.
Bank of NY Mellon shares are down 30.37% from the beginning of the year, still down 37.43% from its 52 week high of $64.63 set on February 10. They are under-performing the S&P 500 which is down 20.47% from the start of the year.
Bank of NY Mellon follows other major Financial sector earnings this month
Bank of NY Mellon's report follows an earnings missed by JPMorgan on Thursday, who reported EPS of $2.76 on revenue of $30.72B, compared to forecasts EPS of $2.94 on revenue of $31.82B.
Wells Fargo&Co had missed expectations on Friday with second quarter EPS of $0.82 on revenue of $17.03B, compared to forecast for EPS of $0.8526 on revenue of $17.62B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar