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.
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.
Semiconductor company Broadcom, Inc. (NASDAQ: AVGO) ended fiscal 2023 on a positive note, delivering strong results for the fourth quarter. In the new fiscal year, the company’s focus will be
Shares of Signet Jewelers Limited (NYSE: SIG) were down over 2% on Friday. The stock has gained 40% year-to-date and 27% over the past three months. The jewelry retailer saw
eSignature service provider DocuSign, Inc. (NASDAQ: DOCU) reported higher revenues and better-than-expected adjusted earnings for the third quarter of 2024. The company also provided guidance for the fourth quarter and