— The Bank of New York Mellon Corp. (NYSE: BK) reported adjusted earnings of $1.01 per share for the fourth quarter of 2019, in line with the estimates.
— Net income increased to $1.39 billion or $1.52 per share from $832 million or $0.84 per share last year
— Total revenues advanced to $4.79 billion from $4 billion in the fourth quarter of 2018, vs. $3.94 billion expected
— Fee revenue increased 26%, primarily reflecting the gain on sale of an equity investment
— Return on common equity came in at 15%; return on tangible common equity at 29%
— Net interest revenue decreased 8% due to the impact of lower interest rates on interest-earning assets and lower noninterest-bearing deposits
— Noninterest expense increased 2%, excluding notable items, aided by continued investments in technology
— Repurchased 22.2 million shares for $1.04 billion and paid $286 million in dividends to shareholders during the quarter
Most Popular
Salesforce stock hit by weak guidance, co-CEO’s exit. What next?
For technology stocks, 2022 has been a challenging year, with companies losing significant market value amid prolonged stock selloff. In that respect, Salesforce, Inc. (NYSE: CRM) is among the worst-affected
Macy’s (M): Here’s a look at the retailer’s expectations for the near term
Shares of Macy’s Inc. (NYSE: M) were down on Thursday. The stock has gained 36% over the past three months and 18% over the past one month. The company’s sales
KR Earnings: Kroger Q3 sales, profit increase and top expectations
Department store chain The Kroger Co. (NYSE: KR) on Thursday said its third-quarter sales and adjusted earnings increased year-over-year. The latest numbers also exceeded the market's expectations. Net earnings attributable to
