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BNY Mellon (BK) Q4 Earnings Beat Estimates as Revenues Rise
The Bank of New York Mellon Corporation’s BK fourth-quarter 2019 adjusted earnings per share of $1.01 surpassed the Zacks Consensus Estimate of 99 cents. Moreover, the figure reflects rise of nearly 2% from the prior-year quarter.
Results benefited from higher revenues and growth in assets under management (AUM). Moreover, a slight decline in expenses was a tailwind. However, the company’s credit quality was mixed.
After considering non-recurring items, net income applicable to common shareholders was $1.39 billion or $1.52 per share, up from $832 million or 84 cents per share recorded in the prior-year quarter.
The company recorded 2019 adjusted earnings per share of $4.02, which surpassed the Zacks Consensus Estimate of $3.99. However, the figure reflects a decline of 4.5% from the previous year. Net income applicable to common shareholders (GAAP basis) for the year was $4.27 billion or $4.51 per share, up from $4.10 billion or $4.04 per share recorded in 2018.
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https://finance.yahoo.com/news/bny-mello...02125.html
![[Bild: BKc1dl1701.png]](https://finviz.com/publish/011720/BKc1dl1701.png)
The Bank of New York Mellon Corporation’s BK fourth-quarter 2019 adjusted earnings per share of $1.01 surpassed the Zacks Consensus Estimate of 99 cents. Moreover, the figure reflects rise of nearly 2% from the prior-year quarter.
Results benefited from higher revenues and growth in assets under management (AUM). Moreover, a slight decline in expenses was a tailwind. However, the company’s credit quality was mixed.
After considering non-recurring items, net income applicable to common shareholders was $1.39 billion or $1.52 per share, up from $832 million or 84 cents per share recorded in the prior-year quarter.
The company recorded 2019 adjusted earnings per share of $4.02, which surpassed the Zacks Consensus Estimate of $3.99. However, the figure reflects a decline of 4.5% from the previous year. Net income applicable to common shareholders (GAAP basis) for the year was $4.27 billion or $4.51 per share, up from $4.10 billion or $4.04 per share recorded in 2018.
...
https://finance.yahoo.com/news/bny-mello...02125.html
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