Investing.com - Bank of NY Mellon announced third quarter earnings that beat analysts' expectations on Tuesday and revenue that topped forecasts.
The company reported earnings per share of $1.27 on revenue of $4.37B. Analysts polled by Investing.com expected EPS of $1.16 on revenue of $4.33B. .
Bank of NY Mellon stock's are down 8% from the beginning of the year , still down 19.94% from its 52 week high of $52.26 set on Tuesday, February 14, 2023.
Bank of NY Mellon follows other major Financial sector earnings this month
On Friday, JPMorgan reported third quarter EPS of $4.33 on revenue of $40.7B, compared with a forecasts for EPS of $3.89 on revenue of $39.55B.
Bank of America earnings beat analysts' expectations on Tuesday, with third quarter EPS of $0.9 on revenue of $25.2B. Investing.com analysts expected EPS of $0.83 on revenue of $25.13B
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