Investing.com - Bank of NY Mellon (NYSE:BK) reported fourth quarter earnings that matched analysts' expectations on Tuesday and revenue that topped forecasts.
The firm reported 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. .
For the year, Bank of NY Mellon shares are up 9.5%, outperforming the S&P 500 which is down 2.17% year to date.
Bank of NY Mellon follows other major Financial sector earnings this month
On Friday, JPMorgan reported fourth quarter EPS of $3.33 on revenue of $29.26B, compared to forecasts of EPS of $3.01 on revenue of $29.78B.
Wells Fargo&Co earnings beat analyst's expectations on Friday, with fourth quarter EPS of $1.38 on revenue of $20.86B. Investing.com analysts expected EPS of $1.11 on revenue of $18.84B
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