Investing.com - Bank of NY Mellon (NYSE:BK) reported second quarter earnings that beat analysts' expectations on Wednesday and revenue that topped forecasts.
The firm reported earnings per share of $1.01 on revenue of $4.01B. Analysts polled by Investing.com forecast EPS of $0.9 on revenue of $3.88B. .
For the year, Bank of NY Mellon shares are down 22.57%, under-performing the S&P 500 which is down 1.03% year to date.
Bank of NY Mellon follows other major Financial sector earnings this month
On Tuesday, JPMorgan reported second quarter EPS of $1.38 on revenue of $33.82B, compared to forecasts of EPS of $1.19 on revenue of $30.41B.
UnitedHealth earnings beat analyst's expectations on Wednesday, with second quarter EPS of $7.12 on revenue of $62.14B. Investing.com analysts expected EPS of $5.18 on revenue of $63.34B
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