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.
