Bank of New York (BK) Tops Q2 EPS by 4c

Bank of New York (NYSE: BK) reported Q2 EPS of $0.88, $0.04 better than the analyst estimate of $0.84. Revenue for the quarter came in at $3.96 billion versus the consensus estimate of $3.89 billion.

• Investment management and performance fees increased 6% on record assets under management
• Investment services fees increased 4% on record assets under custody and/or administration
• Net interest revenue increased 8%

BOARD APPROVED QUARTERLY COMMON STOCK DIVIDEND INCREASE OF 26% TO $0.24 PER SHARE AND THE REPURCHASE OF UP TO $3.1 BILLION OF COMMON STOCK

For earnings history and earnings-related data on Bank of New York (BK) click here.

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