Categories AlphaGraphs, Earnings, Finance
BK Earnings: A snapshot of Bank of New York Mellon’s Q2 2023 results
Financial services provider The Bank of New York Mellon Corporation (NYSE: BK) reported an increase in second-quarter 2023 adjusted earnings, aided by a 5% growth in revenues.
Net income, adjusted for special items, moved up to $1.38 per share in the second quarter from $1.15 per share in the same period of the prior year. Unadjusted net income applicable to common shareholders increased to $1.03 billion or $1.30 per share from $835 million or $1.03 per share in the comparable quarter of last year.
Second-quarter revenue was $4.45 billion, up 5% from the year-ago quarter. Meanwhile, assets under management decreased 2% annually to $1.9 trillion, mainly due to the market impact.
“BNY Mellon delivered good financial performance amid a very dynamic operating environment, and we continued taking actions to position the firm for higher underlying growth and enhanced operational efficiency over time,” said the company’s chief executive officer Robin Vince.
Prior Performance
_________________________________________________________________________________________________________________
Stocks you may like:
_________________________________________________________________________________________________________________
Most Popular
Key highlights from McCormick & Company’s (MKC) Q3 2023 earnings results
McCormick & Company, Incorporated (NYSE: MKC) reported third quarter 2023 earnings results today. Net sales increased 6% year-over-year to $1.68 billion, but narrowly missed estimates of $1.70 billion. Net income
Carnival Corporation (CCL): A couple of factors that work in favour of this cruise ship operator
Shares of Carnival Corporation & plc (NYSE: CCL) were down on Monday. The stock has gained 69% year-to-date. The company delivered strong results for the third quarter of 2023 and although
Earnings Preview: PepsiCo (PEP) likely to deliver another strong quarter
Over the years, brand loyalty and diversification of the portfolio have played a key role in the continued success of PepsiCo, Inc. (NASDAQ: PEP) The soft drink giant is now