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
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
Key highlights from Exxon Mobil Corporation’s (XOM) Q3 2024 earnings results
Exxon Mobil Corporation (NYSE: XOM) reported its third quarter 2024 earnings results today. Total revenues and other income remained relatively flat at $90 billion compared to the same period a
AAPL Earnings: Apple Q4 2024 sales rise 6% YoY, beat estimates
Apple Inc. (NASDAQ: AAPL) reported an increase in revenues for the fourth quarter of 2024. The top line came in above estimates. The gadget giant generated revenues of $94.9 billion
