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.
Broadcom Limited (NASDAQ: AVGO) reported first quarter 2021 earnings results today. Total revenue increased 14% year-over-year to $6.65 billion. GAAP net income was $1.3 billion, or $3.05 per share, compared
Retail giant Costco Wholesale Corporation (NASDAQ: COST) reported higher earnings and revenues for the second quarter of 2021. Earnings missed analysts’ expectations, while sales beat. Net profit was $951 million
With the corporate world rapidly shifting to cloud-native computing after the virus outbreak changed work culture and the way businesses operate, technology providers are aggressively innovating their offerings. Hewlett Packard