Categories AlphaGraphs, Earnings, Finance
Highlights of Bank of New York Mellon Corp.’s Q4 2023 results
The Bank of New York Mellon Corporation (NYSE: BK) announced mixed results for the fourth quarter of 2023 when the financial services provider’s earnings declined despite an increase in revenues.
Net income, adjusted for special items, decreased to $1.28 per share in the December quarter from $1.30 per share in the same period of the prior year. Unadjusted net income applicable to common shareholders was $256 million or $0.33 per share in Q4, vs. $509 million or $0.62 per share in the comparable quarter of last year.
Fourth-quarter revenue was $4.31 billion, up 10% from the year-ago quarter. Assets under management increased 8% annually to $1.97 trillion.
“We are entering 2024, the year of our 240th anniversary, on a strong footing and with great momentum. Our priorities are clear, and we are moving with speed to be more for our clients, run our company better, and power our culture in 2024 and beyond,” 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
CL Earnings: Key quarterly highlights from Colgate-Palmolive’s Q2 2024 financial results
Colgate-Palmolive Company (NYSE: CL) reported its second quarter 2024 earnings results today. Net sales increased 4.9% year-over-year to $5 billion. Organic sales increased 9%. Net income attributable to Colgate-Palmolive Company was $731
Key takeaways from Visa’s Q3 2024 earnings report
Credit card behemoth Visa, Inc. (NYSE: V) this week reported mixed results for the June quarter, with earnings matching expectations and sales slightly missing the view. Both numbers grew in
Southwest Airlines (LUV): A look at the airline’s performance in Q2 2024
Shares of Southwest Airlines Co. (NYSE: LUV) were up over 6% on Thursday after the company beat earnings estimates for the second quarter of 2024. The stock has gained 4%