BNY Mellon Reports In Line
The Bank of New York Mellon Corporation’s (NYSE:BK) first-quarter 2012 earnings per share of 52 cents came significantly in line with the Zacks Consensus Estimate. This compares favorably with earnings of 42 cents in the prior quarter. Although BNY Mellon’s results benefited from higher fee income and a rise in net interest margin, these positive [...]
The Bank of New York Mellon Corporation’s (NYSE:BK) first-quarter 2012 earnings per share of 52 cents came significantly in line with the Zacks Consensus Estimate. This compares favorably with earnings of 42 cents in the prior quarter.
Although BNY Mellon’s results benefited from higher fee income and a rise in net interest margin, these positive were offset by a reduction in net interest revenue and higher operating expenses. Moreover, the company’s asset quality continued to show … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards