BNY Mellon Reports First Quarter 2019 Earnings Of $910 Million Or $0.94 Per Common Share
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Bank of New York (BK) Misses Q1 EPS by 4c
April 17, 2019 6:32 AM EDTBank of New York (NYSE: BK) reported Q1 EPS of $0.94, $0.04 worse than the analyst estimate of $0.98. Revenue for the quarter came in at $3.9 billion versus the consensus estimate of $4.02 billion.
CEO Commentary
"Our performance this quarter was mixed. Several of our fee-based metrics in Investment Services were consistent with recent results, while we experienced weakness in Investment Management and net interest income. The year-over-year declines in revenue and... More
