Investing.com - Bank of NY Mellon (NYSE:BK) reported third quarter earnings that beat analysts' expectations on Friday and revenue that topped forecasts.
The firm reported earnings per share of $0.98 on revenue of $3.85B. Analysts polled by Investing.com expected EPS of $0.94 on revenue of $3.82B. .
For the year, Bank of NY Mellon shares are down 26.03%, under-performing the S&P 500 which is up 7.82% year to date.
Bank of NY Mellon follows other major Financial sector earnings this month
On Tuesday, JPMorgan reported third quarter EPS of $2.92 on revenue of $29.94B, compared to forecasts of EPS of $2.23 on revenue of $28.22B.
UnitedHealth earnings beat analyst's expectations on Wednesday, with third quarter EPS of $3.51 on revenue of $65.12B. Investing.com analysts expected EPS of $3.09 on revenue of $63.77B
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