Investing.com - Bank of NY Mellon (NYSE:BK) reported on Tuesday fourth quarter earnings that matched analysts' forecasts and revenue that topped expectations.
Bank of NY Mellon announced earnings per share of $1.01 on revenue of $4.02B. Analysts polled by Investing.com anticipated EPS of $1.01 on revenue of $3.97B.
Bank of NY Mellon shares are up 9.5% from the beginning of the year, still down 1.44% from its 52 week high of $64.53 set on January 13. They are outperforming the S&P 500 which is down 2.17% from the start of the year.
Bank of NY Mellon follows other major Financial sector earnings this month
Bank of NY Mellon's report follows an earnings beat by JPMorgan on Friday, who reported EPS of $3.33 on revenue of $29.26B, compared to forecasts EPS of $3.01 on revenue of $29.78B.
Wells Fargo&Co had beat expectations on Friday with fourth quarter EPS of $1.38 on revenue of $20.86B, compared to forecast for EPS of $1.11 on revenue of $18.84B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar