Bank of New York (BK) Tops Q3 EPS by 2c

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Go back to Bank of New York (BK) Tops Q3 EPS by 2c

BNY Mellon Reports Third Quarter Earnings Of $983 Million Or $0.94 Per Common Share

October 19, 2017 6:31 AM EDT

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

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-year

EXECUTING 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