BNY Earnings Up In Q3
(RTTNews) - The Bank of New York Mellon Corp. (BNY) reported on Thursday higher net income in the third quarter compared with the previous year.
For the third quarter, net income applicable to common shareholders of the company increased to $1.61 billion from $1.34 billion in the previous year.
Earnings per share were $2.34 versus $1.88 last year.
Adjusted earnings per share were $2.37 versus $.1.91 last year.
Revenue increased to $5.68 billion from $5.08 billion in the previous year.
Net interest jumped to $1.42 billion from $1.24 billion in the same period last year.
On Wednesday, The Bank of New York Mellon closed trading 2.40% lesser at $137.64 on the New York Stock Exchange.
Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.