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Keefe, Bruyette & Woods Upgrades Bank of New York Mellon (BK) to Outperform

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BNY Mellon Reports Third Quarter Earnings Of $974 Million Or $0.90 Per Common Share

October 20, 2016 6:30 AM EDT

NEW YORK, Oct. 20, 2016 /PRNewswire/ -- 

Earnings of $979 million or $0.90 per common share on an adjusted basis (a) Earnings per common share up 22% on both a GAAP and adjusted basis year-over-year (a)

TOTAL REVENUE OF $3.94 BILLION

Fee and other revenue increased 3% year-over-year Net interest revenue increased 2% year-over-year

CONTINUED FOCUS ON EXPENSE CONTROL

Total noninterest expense decreased 1% year-over-year

EXECUTING ON CAPITAL PLAN AND RETURNING VALUE TO COMMON... More