Categories AlphaGraphs, Earnings, Finance
Highlights of Bank of New York Mellon Corp.’s Q4 2023 results
The Bank of New York Mellon Corporation (NYSE: BK) announced mixed results for the fourth quarter of 2023 when the financial services provider’s earnings declined despite an increase in revenues.
Net income, adjusted for special items, decreased to $1.28 per share in the December quarter from $1.30 per share in the same period of the prior year. Unadjusted net income applicable to common shareholders was $256 million or $0.33 per share in Q4, vs. $509 million or $0.62 per share in the comparable quarter of last year.
Fourth-quarter revenue was $4.31 billion, up 10% from the year-ago quarter. Assets under management increased 8% annually to $1.97 trillion.
“We are entering 2024, the year of our 240th anniversary, on a strong footing and with great momentum. Our priorities are clear, and we are moving with speed to be more for our clients, run our company better, and power our culture in 2024 and beyond,” said the company’s chief executive officer Robin Vince.
Prior Performance
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
Trxade Health Inc. (NASDAQ: MEDS) Q1 2024 Research Summary
Trxade Health, Inc. (NASDAQ: MEDS) is a drug procurement and delivery platform that digitalizes the retail pharmacy experience. The company has a growing network of suppliers and partnerships with independent
Earnings Preview: Walmart (WMT) expected to report sales and profit gains in Q1
Over the years, Walmart Inc. (NYSE: WMT) has constantly diversified while maintaining its dominance in the retail world. The company is preparing to report financial results for the first three
After a positive year, what’s in the cards for Electronic Arts (EA) in FY25
Electronic Arts (NASDAQ: EA) ended fiscal 2024 on a mixed note, reporting lower revenues and improved bottom-line performance for the fourth quarter. The stock declined following the announcement as earnings
