Bank of NY Mellon Reports Earnings Beat of $0.14, Revenue Exceeds Estimates

Bank of New York Mellon reported a third-quarter earnings per share (EPS) of $1.52, surpassing the analyst estimate of $1.38 by $0.14. The company’s revenue for the quarter reached $4.65 billion, exceeding the consensus estimate of $4.5 billion.

As for the stock performance, Bank of New York Mellon’s shares closed at $74.45. The stock has seen a remarkable increase of 15.09% over the last three months and an impressive 80.48% over the past year.

In terms of revisions, there have been 10 positive EPS revisions and 1 negative EPS revision in the last 90 days. The company’s financial health, according to various analyses, is rated as “good performance.”

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