Investing.com - Bank of NY Mellon reported on Thursday fourth quarter earnings that missed analysts' expectations and revenue that fell short of expectations.
The company reported earnings per share of $1.01 on revenue of $3.99B. Analysts polled by Investing.com anticipated EPS of $1.39 on revenue of $4.24B. That compared with EPS of $0.84 on revenue of $4.01B in the same quarter a year earlier. Bank of NY Mellon (NYSE:BK) had reported EPS of $1.07 on revenue of $3.86B in the previous quarter. Analysts are expecting EPS of $1.01 and revenue of $3.89B in the next quarter.
Bank of NY Mellon’s share is up 0.72% for the year to date , and is still down 6.60% from its 52 weeks high of $54.27 set on March 19, 2019.
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 Tuesday, whose had EPS of $2.57 on revenue of $29.21B, that was in comparison with anticipated EPS of $2.35 on revenue of $27.87B.
Bank of America had beat expectations on Wednesday with fourth quarter EPS of $0.74 on revenue of $22.35B, that compared with anticipated EPS of $0.69 on revenue of $22.22B.
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