The Bank of New York Mellon Corp., known as BNY Mellon (BK), posted a first-quarter net loss applicable to common shareholders of $266 million, or $0.23 per share, including a prior announced charge of $854 million, or $0.73 per share, related to the U.S. Tax Court's disallowance of certain foreign tax credits; while it reported a $619 million, or $0.52 per share profit last year.
Excluding this charge, net income applicable to common shareholders totaled $588 million, or $0.50 a share in the reporting period. On average, 20 analysts polled by Thomson Reuters expected earnings per share of $0.47 for the quarter. Analysts' estimates typically exclude one-time items.
On a GAAP basis, quarterly total revenue was $3.61 billion, versus the year-ago quarter's $3.65 billion, with non-GAAP total revenue dropping year-over-year to $3.60 billion, from $3.64 billion. Analysts estimated revenues of $3.60 billion for the quarter.
As already announced, the company announced a 15% increase in the quarterly dividend, from $0.13 per share to $0.15 per share, payable on May 7, 2013 to shareholders of record as of the close of business on April 29, 2013.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.