Bank of New York (BK) Tops Q1 EPS by 5c
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BNY Mellon Reports First Quarter Earnings Of $804 Million Or $0.73 Per Common Share; Earnings per common share up 9% year-over-year
April 21, 2016 6:31 AM EDTNEW YORK, April 21, 2016 /PRNewswire/ -- Â
GENERATED APPROXIMATELY 250 BASIS POINTS OF POSITIVE OPERATING LEVERAGE YEAR-OVER-YEAR ON AN ADJUSTED BASIS (a)
Net interest revenue increased 5% and fee and other revenue decreased 1% Total noninterest expense decreased 3% on a reported and adjusted basis (a)EXECUTING ON CAPITAL PLAN AND RETURN OF VALUE TO COMMON SHAREHOLDERS
Repurchased 16.2 million common shares for $577 million Adjusted return on tangible common equity of 21% (a) Estimated SLR on a fully phased-in basis... More