Categories AlphaGraphs, Earnings, Finance
Earnings: A snapshot of Bank of New York Mellon’s Q3 2023 results
Financial services provider The Bank of New York Mellon Corporation (NYSE: BK) reported an increase in third-quarter 2023 adjusted earnings, aided by a 2% growth in revenues.
Net income, adjusted for special items, increased to $1.27 per share in the third quarter from $1.21 per share in the same period of the prior year. Unadjusted net income applicable to common shareholders more than doubled to $956 million or $1.22 per share in Q3 from $319 million or $0.39 per share in the comparable quarter of last year.
Third-quarter revenue was $4.37 billion, up 2% from the year-ago quarter. Assets under management increased 3% annually to $1.8 trillion.
“We are innovating and pushing forward on our multi-year growth investments all while remaining disciplined to deliver positive operating leverage and pre-tax margin expansion,” said the company’s chief executive officer Robin Vince.
Prior Performance
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
Key highlights from Johnson & Johnson’s (JNJ) Q2 2025 earnings results
Johnson & Johnson (NYSE: JNJ) reported its second quarter 2025 earnings results today. Reported sales increased 5.8% year-over-year to $23.7 billion. Operational sales growth was 4.6%. Net earnings grew over
Hasbro (HAS) Earnings Preview: What to expect from the Q2 2025 report
Shares of Hasbro, Inc. (NASDAQ: HAS) stayed red on Tuesday. The stock has gained 43% over the past three months. The toy company is scheduled to report its earnings results
Citigroup (C) Q2 FY25 earnings rise on higher revenues, beat estimates
Banking giant Citigroup Inc. (NYSE: C) reported higher revenues and earnings for the second quarter of fiscal 2025. The numbers also exceeded Wall Street's estimates. Net income increased to $4.0
