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
MKC Earnings: Key quarterly highlights from McCormick & Company’s Q1 2023 financial results
McCormick & Company, Incorporated (NYSE: MKC) reported first quarter 2023 earnings results today. Sales increased 3% year-over-year to $1.56 billion. Sales growth was 5% in constant currency. Net income was $139.1
Earnings: Trxade Health (MEDS) reports 16% rise in FY22 revenue; loss narrows
Trxade Health, Inc. (NASDAQ: MEDS), a leading health service IT company, reported a double-digit increase in revenues for fiscal 2022. The company's full-year net loss narrowed from the prior year.
Can KB Home (KBH) beat market headwinds in 2023?
KB Home (NYSE: KBH) has been expanding its presence beyond the key markets lately, while also diversifying homebuilding operations by offering highly customized options to customers. The downturn in the
