Quantcast

BNY Mellon profit falls 20 pct on lower fee revenue


Reuters


April 17 (Reuters) - Bank of New York Mellon Corp reported a 20 percent fall in quarterly profit on Wednesday, as the world's largest custodian bank's fee revenue declined.

The bank said net income applicable to common shareholders fell to $910 million, or 94 cents per share, in the first quarter ended March 31, from $1.14 billion, or $1.10 per share, a year earlier (graphic).

Total revenue fell 6.7 percent to $3.90 billion.






This article appears in: Stocks , Fundamental Analysis , World Markets , Earnings
Referenced Symbols: BK




More from Reuters

Subscribe






See Reuters News













Research Brokers before you trade

Want to trade FX?