Bank of New York (BK) Tops Q2 EPS by 1c

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BNY Mellon Reports Second Quarter Earnings Of $825 Million Or $0.75 Per Common Share

July 21, 2016 6:30 AM EDT

NEW YORK, July 21, 2016 /PRNewswire/ --

Earnings of $830 million or $0.76 per common share on an adjusted basis (a) Earnings per common share up 3%, or down 1% on an adjusted basis year-over-year (a)

CONTINUED FOCUS ON EXPENSE CONTROL

Total noninterest expense decreased 4%, or 2% on an adjusted basis year-over-year (a)

TOTAL REVENUE OF $3.78 BILLION

Fee and other revenue decreased 2% year-over-year Net interest revenue decreased 2% year-over-year

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