Bank of New York (BK) Tops Q2 EPS by 4c
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BNY Mellon Reports Second Quarter Earnings of $926 Million or $0.88 Per Common Share
July 20, 2017 6:30 AM EDTNEW YORK, July 20, 2017 /PRNewswire/ --
TOTAL REVENUE OF $3.96 BILLION, INCREASED 5% YEAR-OVER-YEAR
Investment management and performance fees increased 6% on record assets under management Investment services fees increased 4% on record assets under custody and/or administration Net interest revenue increased 8%CONTINUED FOCUS ON EXPENSE CONTROL
Total noninterest expense up 1% year-over-yearEXECUTING ON CAPITAL PLAN AND RETURNING VALUE TO COMMON SHAREHOLDERS
Returned over $700 million to shareholders through share repurchases and dividends Return on common... More