16.04.2024 12:45:02 - dpa-AFX: The Bank of New York Mellon Corp. Q1 Profit Increases, beats estimates
NEW YORK CITY (dpa-AFX) - The Bank of New York Mellon Corp. (BK) reported a
profit for its first quarter that increased from the same period last year and
beat the Street estimates.
The company's bottom line came in at $953 million, or $1.25 per share. This
compares with $911 million, or $1.13 per share, in last year's first quarter.
Excluding items, The Bank of New York Mellon Corp. reported adjusted earnings of
$1.29 per share for the period.
Analysts on average had expected the company to earn $1.19 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.
The company's revenue for the quarter rose 2.5% to $4.53 billion from $4.42
billion last year.
The Bank of New York Mellon Corp. earnings at a glance (GAAP) :
-Earnings (Q1): $953 Mln. vs. $911 Mln. last year.
-EPS (Q1): $1.25 vs. $1.13 last year.
-Revenue (Q1): $4.53 Bln vs. $4.42 Bln last year.
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