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
AbbVie Q1 2025 adjusted earnings increase on 8% revenue growth; beat estimates
Biopharmaceutical company AbbVie, Inc. (NYSE: ABBV) announced first-quarter 2025 financial results, reporting an increase in revenue and adjusted earnings. The company reported worldwide net revenues of $13.3 billion for the
Colgate-Palmolive (CL) Q1 2025 Earnings: Key financials and quarterly highlights
Colgate-Palmolive Company (NYSE: CL) reported its first quarter 2025 earnings results today. Net sales decreased 3.1% year-over-year to $4.9 billion. Organic sales growth was 1.4%. Net income attributable to Colgate-Palmolive Company rose
Meta Platforms (META) set to report Q1 earnings. Here’s what to expect
After integrating artificial intelligence into its products, Meta Platforms, Inc. (NASDAQ: META) is investing heavily in the metaverse project. Yet, the tech giant has maintained healthy cash flows and consistently
