Investing.com - Bank of NY Mellon (NYSE:BK) reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Bank of NY Mellon announced earnings per share of $1.01 on revenue of $4.01B. Analysts polled by Investing.com anticipated EPS of $0.9 on revenue of $3.88B.
Bank of NY Mellon shares are down 22.57% from the beginning of the year , still down 24.48% from its 52 week high of $51.60 set on January 9. They are under-performing the S&P 500 which is down 1.03% 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 Tuesday, who reported EPS of $1.38 on revenue of $33.82B, compared to forecasts EPS of $1.19 on revenue of $30.41B.
UnitedHealth had beat expectations on Wednesday with second quarter EPS of $7.12 on revenue of $62.14B, compared to forecast for EPS of $5.18 on revenue of $63.34B.
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