Categories AlphaGraphs, Earnings, Finance
BK Earnings: Highlights of Bank of New York Mellon’s Q2 financial results
The Bank of New York Mellon Corporation (NYSE: BK) has reported a 7% increase in second-quarter revenues, reflecting the benefit of higher interest rates and the strength of the company’s diversified platform. However, net profit declined.
The second quarter net income decreased to $835 million or $1.03 per share from $699 million or $0.86 per share in the corresponding period of 2021.
At $4.3 billion, net revenues were up 7% year-over-year, with the core Market & Wealth Services and Securities Services segments registering double-digit growth.
Read management/analysts’ comments on quarterly reports
“We continued to see good sales momentum across most of our businesses, and healthy client volumes tempered the impact of lower market values. We deeply appreciate our employees’ commitment in these more volatile markets. Our clients clearly value our resilience, the quality of our services and insights, and the trusted relationship that they have with BNY Mellon,” said the bank’s president Robin Vince.
Prior Performance
_________________________________________________________________________________________________________________
Stocks you may like:
_________________________________________________________________________________________________________________
Most Popular
What to look for when Hormel Foods (HRL) reports Q4 2023 earnings
Shares of Hormel Foods Corporation (NYSE: HRL) were down over 1% on Monday. The stock has dropped 29% year-to-date. The food company is set to report its fourth quarter 2023 earnings
Kroger set to report Q3 results. Here’s everything you need to know
The Kroger Co. (NYSE: KR), a leading grocery retailer that operates both in-store and online, will be reporting earnings this week. The company, which is preparing to acquire rival retailer
Earnings Preview: Salesforce will likely deliver another strong quarter
Salesforce, Inc. (NYSE: CRM) achieved accelerated sales growth and profitability in recent quarters, in line with its transformation goal. The customer relationship management platform bets on new opportunities in generative
