BNY Mellon Reports Fourth Quarter Earnings of $1.13 Billion Or $1.08 Per Common Share
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Bank of New York (BK) Tops Q4 EPS by 17c, Revs Miss
January 18, 2018 6:33 AM ESTBank of New York (NYSE: BK) reported Q4 EPS of $1.08, $0.17 better than the analyst estimate of $0.91. Revenue for the quarter came in at $3.7 billion versus the consensus estimate of $4 billion.
"Our fourth quarter results were impacted by new tax legislation and actions that we took to strengthen our firm for the longer term. Aside from these items, our results were favorably impacted by strong equity markets and the underlying businesses... More
