Investing.com - Bank of NY Mellon (NYSE:BK) reported fourth quarter earnings that beat analysts' expectations on Wednesday and revenue that fell short of forecasts.
The firm reported earnings per share of $0.99 on revenue of $4B. Analysts polled by Investing.com anticipated EPS of $0.92 on revenue of $4.03B. That compared to EPS of $0.91 on revenue of $4.12B in the same period a year earlier. The company had reported EPS of $1.06 on revenue of $4.07B in the previous quarter.
For the year, Bank of NY Mellon shares are up 4.97%, under-performing the S&P 500 which is up 5.78% year to date.
Bank of NY Mellon follows other major Financial sector earnings this month
On Tuesday, JPMorgan reported fourth quarter EPS of $1.98 on revenue of $26.8B, compared to forecasts of EPS of $2.2 on revenue of $26.9B.
UnitedHealth earnings beat analyst's expectations on Tuesday, with fourth quarter EPS of $3.28 on revenue of $58.42B. Investing.com analysts expected EPS of $3.21 on revenue of $57.93B
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