Bank of New York (BK) Tops Q3 EPS by 2c
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BNY Mellon Reports Third Quarter Earnings Of $983 Million Or $0.94 Per Common Share
October 19, 2017 6:31 AM EDTNEW YORK, Oct. 19, 2017 /PRNewswire/ --Â
TOTAL REVENUE OF $4.02 BILLION, INCREASED 2% YEAR-OVER-YEAR
Investment management and performance fees increased 5% Investment services fees increased 1%; Asset servicing fees increased 4% Net interest revenue increased 8%CONTINUED FOCUS ON EXPENSE CONTROL
Total noninterest expense up less than 1% year-over-yearEXECUTING ON CAPITAL PLAN AND RETURNING VALUE TO COMMON SHAREHOLDERS
Returned over $900 million to shareholders through share repurchases and dividends Return on common equity of 11%; Return on... More