Form 8-K Bank of New York Mellon For: Oct 16
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Bank of New York (BK) Tops Q3 EPS by 4c
October 16, 2020 6:30 AM EDTBank of New York (NYSE: BK) reported Q3 EPS of $0.98, $0.04 better than the analyst estimate of $0.94. Revenue for the quarter came in at $3.8 billion versus the consensus estimate of $3.83 billion.
CEO Commentary
Our third quarter results reflect the resilience of our business model despite the significant impact of lower rates and associated money market fee waivers, as we reported EPS of 98 cents, down 8 percent year on year. Our operating margin was 30 percent as we controlled costs, and our return on... More
