Bank of New York (BK) Tops Q4 EPS by 17c, Revs Miss
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BNY Mellon Reports Fourth Quarter Earnings of $1.13 Billion Or $1.08 Per Common Share
January 18, 2018 6:31 AM ESTNEW YORK, Jan. 18, 2018 /PRNewswire/ --
TOTAL REVENUE OF $3.7 BILLION, DECREASED 2%
Includes $320 million negative impact related to U.S. tax legislation and other charges (a); which decreased total revenue growth by 8% Investment management and performance fees increased 13% Investment services fees increased 5%; Asset servicing fees increased 6%TOTAL EXPENSE OF $3.0 BILLION, INCREASED 14%
Includes $282 million (pre-tax) for severance, litigation and other charges (a); which increased total expense growth by 11%FULL-YEAR 2017 EARNINGS OF $3.9 BILLION, OR $3.72... More
