Bank of New York Mellon Profit Climbs on Higher Fee Revenue, Lower Costs
Bank of New York Mellon said quarterly earnings leapt higher as fee and interest revenue climbed and costs came down from a year earlier.
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Bank of New York Mellon Earnings Transcript (NYSE:BK)
Presentation Operator Good afternoon, and welcome to the 2024 Fourth Quarter Earnings Conference Call hosted by BNY. [Operator Instructions] Please note that this conference call and webcast will be recorded and will consist of copyrighted material.
Bank of New York Mellon 4Q Profit Climbs on Higher Fee Revenue, Lower Costs
Bank of New York Mellon logged a higher profit in the fourth quarter as both fee and interest revenue climbed and costs came down from a year ago. The bank posted a profit of $1.16 billion, or $1.54 a share, compared with $206 million, or 21 cents a share, in the same quarter a year ago.
The Bank Of New York Mellon Corp. Q4 Profit Increases, Beats Estimates
The Bank of New York Mellon Corp. (BK) reported a profit for its fourth quarter that increased from last year and beat the Street
The Bank of New York Mellon Corporation (BK) Beats Q4 Earnings and Revenue Estimates
The Bank of New York Mellon Corporation (BK) came out with quarterly earnings of $1.72 per share, beating the Zacks Consensus Estimate of $1.56 per share. This compares to earnings of $1.28 per share a year ago.
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BofA raised the firm’s price target on BNY Mellon (BK) to $95 from $90 and keeps a Buy rating on the shares. Following earnings, the firm ...
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BNY's investment and wealth management AUM up 3% year-over-year
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