Investing.com - Bank of NY Mellon (NYSE:BK) reported third quarter earnings that beat analysts' expectations on Monday and revenue that topped forecasts.
The firm reported earnings per share of $1.21 on revenue of $4.30. Analysts polled by Investing.com forecast EPS of $1.10 on revenue of $4.2B. .
For the year, Bank of NY Mellon shares are down 33.87%, under-performing the S&P 500 which is down 24.82% year to date.
Bank of NY Mellon follows other major Financial sector earnings this month
On Friday, JPMorgan reported third quarter EPS of $3.12 on revenue of $32.7B, compared to forecasts of EPS of $2.92 on revenue of $32.13B.
Wells Fargo&Co earnings beat analyst's expectations on Friday, with third quarter EPS of $1.3 on revenue of $19.51B. Investing.com analysts expected EPS of $1.1 on revenue of $18.76B
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