Investing.com - Bank of NY Mellon (NYSE:BK) announced fourth quarter earnings that missed analysts' expectations on Thursday and revenue that fell short of forecasts.
The company announced earnings per share of $1.01 on revenue of $3.99B. Analysts polled by Investing.com anticipated EPS of $1.39 on revenue of $4.24B. That compared to EPS of $0.84 on revenue of $4.01B in the same quarter a year earlier. Bank of NY Mellon (NYSE:BK) had announced EPS of $1.07 on revenue of $3.86B in the prior quarter.
Analysts are forecasting EPS of $1.01 and revenue of $3.89B in the upcoming quarter.
Bank of NY Mellon's share is up 0.72% since the start of the year and is trading at $50.69, and is still down 6.60% from its 52 weeks high of $54.27 set on March 19, 2019.
Bank of NY Mellon (NYSE:BK) follows other major Financial sector earnings this month
On Tuesday, JPMorgan announced fourth quarter EPS of $2.57 on revenue of $29.21B, that compared to forecasts EPS of $2.35 on revenue of $27.87B.
Bank of America earnings beat analysts' expectations on Wednesday, with fourth quarter EPS of $0.74 on revenue of $22.35B. Investing.com analysts anticipated EPS of $0.69 on revenue of $22.22B
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar