Categories AlphaGraphs, Earnings, Finance
A visual representation of BNY Mellon (BK) Q2 2020 earnings results
The Bank of New York Mellon Corporation (NYSE:BK) reported second quarter 2020 earnings results today.
Revenues increased 2% year-over-year to $4 billion, driven by a 2% increase in fee revenue.
Net income applicable to common shareholders decreased 7% to $901 million. Diluted EPS remained flat versus the prior-year quarter at $1.01.
Net interest revenue fell 3%, mainly reflecting lower interest rates on interest-earning assets, partially offset by the benefit of lower deposit and funding rates and higher deposits, securities portfolio and loans.
Provision for credit losses amounted to $143 million, primarily reflecting increased downgrades and the continuation of the challenging macroeconomic outlook.
Most Popular
What to look for when CVS Health (CVS) reports Q3 earnings
Healthcare company CVS Health Corporation (NYSE: CVS) is all set to report earnings next week, with Wall Street expecting a mixed outcome. The company has been facing challenges in certain
eBay (EBAY): A few factors that helped drive growth in Q3 2024
Shares of eBay Inc. (NASDAQ: EBAY) stayed green on Friday. The stock has gained 32% year-to-date. The ecommerce leader delivered revenue and earnings growth for the third quarter of 2024,
CVX Earnings: Chevron reports lower revenue and profit for Q3 2024
Energy exploration company Chevron Corporation (NYSE: CVX) on Friday announced third-quarter 2024 financial results, reporting a decline in net profit and revenues. Net income attributable to Chevron Corporation dropped to