Bank of New York (BK) Reports In-Line Q4 EPS

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BNY Mellon Reports Fourth Quarter Earnings Of $822 Million Or $0.77 Per Common Share

January 19, 2017 6:31 AM EST

NEW YORK, Jan. 19, 2017 /PRNewswire/ --

Earnings per common share up 35%, or 13% on an adjusted basis year-over-year (a)

TOTAL REVENUE OF $3.79 BILLION, INCREASED 2% YEAR-OVER-YEAR

Fee and other revenue up slightly; Investment Services fees increased 4% Net interest revenue increased 9%

CONTINUED FOCUS ON EXPENSE CONTROL

Total noninterest expense decreased 2% year-over-year

FULL-YEAR 2016 EARNINGS OF $3.43 BILLION OR $3.15 PER COMMON SHARE

Earnings of $3.45 billion or $3.17 per common share on an adjusted basis (a)... More