Investing.com - Bank of NY Mellon (NYSE:BK) announced first quarter earnings that beat analysts' expectations on Thursday and revenue that topped forecasts.
The company reported earnings per share of $1.05 on revenue of $4.11B. Analysts polled by Investing.com anticipated EPS of $0.88 on revenue of $3.88B. That was in comparison to EPS of $0.94 on revenue of $3.9B in the same quarter a year before. Bank of NY Mellon had reported EPS of $1.52 on revenue of $3.99B in the previous quarter.
Analysts are expecting EPS of $0.88 and revenue of $3.86B in the next quarter.
Bank of NY Mellon stock's are down 49% since the start of the year , down-from-52-week-high.
Bank of NY Mellon follows other major Financial sector earnings this month
On Tuesday, JPMorgan announced first quarter EPS of $0.78 on revenue of $29.07B, compared to a forecasts for EPS of $2.28 on revenue of $29.53B.
UnitedHealth earnings beat analysts' expectations on Wednesday, with first quarter EPS of $3.72 on revenue of $64.42B. Investing.com analysts anticipated EPS of $3.63 on revenue of $64.18B
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar