logo
  

BNY Mellon Q2 Profit Up 10%, Results Top Estimates - Quick Facts

Bank of New York Mellon Corp. (BK) reported Thursday that net income applicable to common shareholders for the second quarter grew to $991 million or $1.13 per share from $901 million or $1.01 per share in the prior-year quarter.

Total revenue for the quarter decreased 1 percent to $3.96 billion from $4.01 billion in the same quarter last year.

On average, analysts polled by Thomson Reuters expected the company to report earnings of $0.94 per share on revenue of $3.88 billion for the quarter. Analysts' estimates typically exclude certain special items.

Separately, the bank also announced that its Board of Directors authorized a quarterly common stock dividend of $0.34 per share, payable on August 9, 2021 to shareholders of record as of the close of business on July 27, 2021.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Twitter has rolled out the tipping feature called "Tips" for everyone around the globe using the microblogging site with more payment options to choose from, including cryptocurrencies such as Bitcoin. This is a new way for people to receive and show support on Twitter with money. The feature is currently available on iOS and will be available on Android over the coming weeks. Amazon.com has launched weekly Max-Your-Vax Sweepstakes to encourage their employees to get vaccinated against COVID-19. The sweepstakes began on August 6, 2021 and ends on October 21, 2021, with six draws during the sweepstakes period for 18 prizes worth nearly $2 million, including cash prizes, new vehicle or cash and vacation plus 40 hours of Paid Time Off. Target Corp. announced its plans to hire 100,000 seasonal team members at its stores across the country for this holiday shopping season, though fewer than previous years. With this, the company aims to invest in more flexible scheduling, training, pay and benefits for its existing team members. In a statement, the company said it is also offering around 5 million more hours to its existing staff.
Follow RTT