Bank of New York Mellon Q4 adjusted earnings inline with estimatesChristian Fernsby ▼ | January 16, 2020
The Bank of New York Mellon released earnings for its fourth quarter that climbed from the same period last year.
Bank of New York Mellon The company's profit totaled $1.39 billion
Topics: Bank of New York Mellon
Excluding items, The Bank of New York Mellon Corp. reported adjusted earnings of $931 million or $1.01 per share for the period.
Analysts had expected the company to earn $1.01 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 0.5% to $3.99 billion from $4.01 billion last year. ■