The Bank of New York Mellon Corp. (BK) reported a profit for fourth quarter that declined from last year.
The company's earnings totaled $0.70 billion, or $0.79 per share. This compares with $1.39 billion, or $1.52 per share, in last year's fourth quarter.
Excluding items, The Bank of New York Mellon Corp. reported adjusted earnings of $861 million or $0.96 per share for the period.
Analysts had expected the company to earn $0.91 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 19.7% to $3.84 billion from $4.78 billion last year.
The Bank of New York Mellon Corp. earnings at a glance:
-Earnings (Q4): $861 Mln. vs. $931 Mln. last year.-EPS (Q4): $0.96 vs. $1.01 last year.-Analysts Estimate: $0.91 -Revenue (Q4): $3.84 Bln vs. $4.78 Bln last year.
For comments and feedback contact: editorial@rttnews.com
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.