Investing.com - Bank of NY Mellon (NYSE:BK) reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Bank of NY Mellon announced earnings per share of $1.04 on revenue of $4.04B. Analysts polled by Investing.com anticipated EPS of $1.01 on revenue of $3.95B.
Bank of NY Mellon shares are up 59% from the beginning of the year, still down 1.00% from its 52 week high of $57.99 set on October 18. They are outperforming the Nasdaq which is up 16.55% 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 beat by JPMorgan on October 13, who reported EPS of $3.74 on revenue of $30.44B, compared to forecasts EPS of $3 on revenue of $29.79B.
UnitedHealth had beat expectations on Thursday with third quarter EPS of $4.52 on revenue of $72.34B, compared to forecast for EPS of $4.42 on revenue of $71.38B.
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