The Bank of New York Mellon Corp. (BK) released earnings for its fourth quarter that climbed from the same period last year.
The company’s profit totaled $1.39 billion, or $1.52 per share. This compares with $0.83 billion, or $0.84 per share, in last year’s fourth quarter.
Excluding items, The Bank of New York Mellon Corp. reported adjusted earnings of $931 million or $1.01 per share for the period.
Analysts had expected the company to earn $1.01 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.
The company’s revenue for the quarter fell 0.5% to $3.99 billion from $4.01 billion last year.
The Bank of New York Mellon Corp. earnings at a glance:
-Earnings (Q4): $931 Mln. vs. $987 Mln. last year.
-EPS (Q4): $1.01 vs. $0.99 last year.
-Analysts Estimate: $1.01
-Revenue (Q4): $3.99 Bln vs. $4.01 Bln last year.
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