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 Bank of New York Mellon Corporation Q2 2022 earnings infographic

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

  • Bank of New York Mellon reports Q3 2020 earnings results
  • BNY Mellon reports Q2 2020 earnings results
  • Bank of New York Mellon (BK) Q3 2019 profit declines

_________________________________________________________________________________________________________________

Stocks you may like:

Bank of America (BAC) Stock

Wells Fargo (WFC) Stock

JPMorgan Chase (JPM) Stock

Citigroup (C) Stock

Goldman Sachs (GS) Stock

Morgan Stanley (MS) Stock

_________________________________________________________________________________________________________________

Most Popular

Infographic: How Kohl’s Corporation (KSS) performed in Q1 2024

Kohl’s Corporation (NYSE: KSS) reported first quarter 2024 earnings results today. Net sales decreased 5.3% year-over-year to $3.2 billion. Comparable sales decreased 4.4%. Net loss was $27 million, or $0.24

Best Buy Co. (BBY) Q1 2025 earnings rise; comparable sales down 6.1%

Best Buy Co., Inc. (NYSE: BBY), a leading retailer of consumer electronics and related merchandise, reported higher profit for the first quarter of 2025, despite a decline in revenues. First-quarter

HRL Earnings: Key quarterly highlights from Hormel’s Q2 2024 financial results

Hormel Foods Corporation (NYSE: HRL) reported its second quarter 2024 earnings results today. Net sales decreased 3% year-over-year to $2.89 billion. Net earnings attributable to Hormel Foods Corporation were $189.2

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top