Bank of NY Mellon reported third quarter earnings that beat analysts' expectations on Wednesday and revenue that fell short of forecasts.
The firm reported earnings per share of $1.07 on revenue of $3.86B. Analysts polled by anticipated EPS of $0.99 on revenue of $3.91B. That compared to EPS of $1.06 on revenue of $4.07B in the same period a year earlier. The company had reported EPS of $1.01 on revenue of $3.92B in the previous quarter.
Bank of NY Mellon follows other major Financial sector earnings this month
On Tuesday, JPMorgan reported third quarter EPS of $2.68 on revenue of $30.06B, compared to forecasts of EPS of $2.45 on revenue of $28.46B.
UnitedHealth earnings beat analysts' expectations on Tuesday, with third quarter EPS of $3.88 on revenue of $60.35B. analysts expected EPS of $3.75 on revenue of $59.75B
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