Investing.com - Bank of NY Mellon (NYSE:BK) reported second quarter earnings that missed analysts' expectations on Friday and revenue that topped forecasts.
The firm reported earnings per share of $1.03 on revenue of $4.25B. Analysts polled by Investing.com expected EPS of $1.13 on revenue of $4.15B. .
For the year, Bank of NY Mellon shares are down 30.37%, under-performing the S&P 500 which is down 20.47% year to date.
Bank of NY Mellon follows other major Financial sector earnings this month
On Thursday, JPMorgan reported second quarter EPS of $2.76 on revenue of $30.72B, compared to forecasts of EPS of $2.94 on revenue of $31.82B.
Wells Fargo&Co earnings missed analyst's expectations on Friday, with second quarter EPS of $0.82 on revenue of $17.03B. Investing.com analysts expected EPS of $0.8526 on revenue of $17.62B
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