Bank of New York Mellon Corp. (BK) reported Wednesday that net income applicable to common shareholders for the fourth quarter halved to $702 million or $0.79 per share from $1.39 billion or $1.52 per share in the prior-year quarter.
Excluding items, adjusted net income for the quarter were $861 million or $0.96 per share, compared to $931 million or $1.01 per share in the year-ago quarter.
Total revenue for the quarter decreased 20 percent to $3.84 billion from $4.78 billion in the same quarter last year.
On average, analysts polled by Thomson Reuters expected the company to report earnings of $0.91 per share on revenue of $3.83 billion for the quarter. Analysts' estimates typically exclude certain special items.
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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.