Investing.com - Bank of NY Mellon reported third quarter earnings that beat analyst's expectations on Thursday and revenue that fell short of forecasts.
The firm reported earnings per share of $1.06 on revenue of $4.07B. Analysts polled by Investing.com forecast EPS of $1.04 on revenue of $4.15B. That compared to EPS of $0.94 on revenue of $4.33B in the same period a year earlier The company had reported EPS of $1.03 on revenue of $4.14B in the previous quarter.
For the year, Bank of NY Mellon shares are down 9.43%, under-performing the S&P 500 which is up 4.68% year to date.
Bank of NY Mellon follows other major Financial sector earnings this month
On Tuesday, JPMorgan (NYSE:JPM) reported fourth quarter EPS of $ on revenue of $, compared to forecasts of EPS of $2.24 on revenue of $27.41B.
Bank of America (NYSE:BAC) earnings missed analyst's expectations on Wednesday, with fourth quarter EPS of $ on revenue of $. Investing.com analysts expected EPS of $0.65 on revenue of $22.76B
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