Categories AlphaGraphs, Earnings, Finance
BK Earnings: A snapshot of Bank of New York Mellon Corporation’s Q4 results
The Bank of New York Mellon Corporation (NYSE: BK) reported an increase in its fourth-quarter adjusted earnings, while the financial service provider’s revenues declined by 2%.
Net income, adjusted for special items, was $1.30 per share in the final three months of fiscal 2022, higher than the $1.04/share profit reported in the same period of the prior year. Meanwhile, unadjusted net income applicable to common shareholders dropped to $509 million or $0.62 per share from $822 million or $1.01 per share.
Fourth-quarter revenue was $3.92 billion, down 2% from the year-ago quarter. Assets under management decreased 25% annually to $1.8 trillion, mainly due to lower market values, the unfavorable impact of a stronger U.S. dollar, and the divestiture of Alcentra, partially offset by net inflows.
Prior Performance
_________________________________________________________________________________________________________________
Stocks you may like:
_________________________________________________________________________________________________________________
Most Popular
Earnings Preview: What to look for when Netflix (NFLX) reports Q4 2025 results
Netflix, Inc. (NASDAQ: NFLX) is expected to report Q4 results on January 20, amid expectations for strong revenue and earnings growth. The company is navigating a shifting streaming landscape where
What to look for when United Airlines (UAL) reports its Q4 2025 earnings results
Shares of United Airlines (NASDAQ: UAL) stayed red on Thursday. The stock has gained 15% over the past three months. The airline is scheduled to report its earnings results for
Infographic: How Constellation Brands (STZ) performed in Q3 2026
Constellation Brands, Inc. (NYSE: STZ) reported net sales of $2.22 billion for the third quarter of 2026, down 10% year-over-year. Organic net sales were down 2%. Net income attributable to
