TrendsWide
[email protected]
Contact
  • Home
  • News
  • Politics
  • Business
  • National
  • Culture
  • Opinion
  • Lifestyle
  • Sports
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • National
  • Culture
  • Opinion
  • Lifestyle
  • Sports
No Result
View All Result
TrendsWide
No Result
View All Result
Home Economie

BNY Mellon’s per-share earnings slide 8.41% in the fiscal third quarter.

souhaib by souhaib
October 16, 2020
in Economie
0
0
SHARES
18
VIEWS
Share on FacebookShare on Twitter


  • BNY Mellon’s per-share earnings slide 8.41% in the fiscal third quarter.
  • The investment bank sees a 0.36% decline in its third-quarter revenue.
  • The American multinational’s CET1 ratio jumps to 13.0% in the 3rd quarter.

Bank of New York Mellon (NYSE: BK) published its earnings report for the fiscal third quarter on Friday that topped analysts’ estimates for earnings and revenue. Its financial report came a day after peer, Morgan Stanley, said its net income climbed to £2.11 billion in Q3.

BNY Mellon was reported 1.1% down in premarket trading on Friday. On a year to date basis, shares of the company are now close to 25% down. BNY Mellon had recorded an annual growth of 8% in the stock market last year. Here’s what you need to know about the different types of stock investments.


Are you looking for fast-news, hot-tips and market analysis?

Sign-up for the Invezz newsletter, today.

BNY Mellon’s Q3 financial results versus analysts’ estimates

Experts had forecast BNY Mellon to print £2.97 billion of revenue in the third quarter. Their estimate for earnings per share was capped at 73 pence per share. In its report on Friday, the investment bank topped both estimates posting a slightly higher £2.98 billion of revenue and 76 pence of earnings per share in Q3.

On a year over year basis, BNY Mellon noted a 0.36% decline in its third-quarter revenue and an 8.41% decline in per-share earnings. The American multinational refrained from giving future guidance on Friday.

Other prominent figures in BNY Mellon’s financial results include a 1% annualised decline in fee revenue and a broader 4% decline in net interest revenue. At £2.09 billion, its total noninterest expense came in 4% higher than last year.

The U.S. investment bank reported a 4% year over year decline in revenue from investment services that was partly offset by a 3% growth in its investment and wealth management segment in the third quarter.

BNY Mellon’s CET1 ratio jumps to 13.0% in the third quarter

BNY Mellon valued its provisions to cover for bad loans at £6.98 million. Its common equity tier 1 (CET1) ratio jumped 40 base points in the third quarter to 13.0%. CEO Todd Gibbons commented on the financial update on Friday and said:

“Our third-quarter results reflect the resilience of our business model despite the significant impact of lower rates and associated money market fee waivers, as we reported. Our operating margin was 30% as we controlled costs, and our return on tangible common equity was solid at 17%.”

BNY Mellon declared 24 pence per share of dividend on Friday. At the time of writing, the investment bank is valued at £25.56 billion and has a price to earnings ratio of 8.03.



Source link

ADVERTISEMENT
ShareTweetPin
Previous Post

Bacterial Vaginosis No More – BV Presentation

Next Post

IGN UK Podcast #561: Haunted Houses and Red Beef

souhaib

souhaib

Related Posts

Economie

Monero, Waves, Tron price analysis roundup

January 23, 2021
Economie

Crypto.com (CRO) price falls to test support

January 23, 2021
Economie

Crude oil price remains under pressure by worries over a new pandemic wave in China

January 23, 2021
Next Post

IGN UK Podcast #561: Haunted Houses and Red Beef

Gareth Bale: Tottenham winger will 'probably' play against West Ham - Jose Mourinho

Duchess Kate: Style Guide

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

Recommended

Melbourne, Victoria: Dan Andrews announces changes to coronavirus rules

2 days ago

Australia is set to swelter through its first REAL heatwave of the year in the coming days

2 weeks ago

NSW records NINE new cases after a record testing blitz – staying on track for Christmas 

1 month ago

Italy upset with France over Mont Blanc protection zone

3 months ago

Categories

  • Australia
  • Business
  • Cryptocurrency
  • Deals
  • Discounts
  • Economie
  • Euro
  • Gaming
  • Lifestyle
  • News
  • Opinion
  • Sports
  • Travel
  • Trending
  • Uncategorized

Topics

bbc bbc health cnn ar business dailymail dailymail australia dailymail heath dailymail money dailymail sport day 7 euronews Health IGN rt arabic usa today usa today money usa today sport Women Fashion
No Result
View All Result

Highlights

Allied Precision 7621 1000-Watt Floating De-Icer

Man rescued from The Gap at Torndirrup National Park in Perth

Atalanta striker tried to make fun of “Ibra” .. When he heard his response, he remained silent and walked away

Matt Hancock says too soon to tell when lockdown rules will be eased

The ROP Shop (20) Shear PINS & Bolts fit Cub Cadet 1130TE 522WE 522E 524 724E 826 Snowblowers

Melbourne police chase ends in tragedy as man dies while fleeing authorities

Trending

Deals

2021 New Years Decorations, 56 PCS New Years Eve Party Supplies 2021, 42 Inch New Years 2021 Balloons, Happy New Year Decorations 2021, Gold and Black Balloons,Pom Poms Flowers,Hanging Swirls,Tassels

by souhaib
January 24, 2021
0

Price: (as of - Details) BEST WISHES Do you want your new years eve party...

Amanda Knox says she ‘exists through the lens of Meredith Kercher’s murder’

January 24, 2021

Criminal investigations into violence and riots during the Navalny protests in Russia

January 24, 2021

Allied Precision 7621 1000-Watt Floating De-Icer

January 24, 2021

Man rescued from The Gap at Torndirrup National Park in Perth

January 24, 2021

Follow us on social media:

UK Jobs

Recent News

  • 2021 New Years Decorations, 56 PCS New Years Eve Party Supplies 2021, 42 Inch New Years 2021 Balloons, Happy New Year Decorations 2021, Gold and Black Balloons,Pom Poms Flowers,Hanging Swirls,Tassels
  • Amanda Knox says she ‘exists through the lens of Meredith Kercher’s murder’
  • Criminal investigations into violence and riots during the Navalny protests in Russia

Category

  • Australia
  • Business
  • Cryptocurrency
  • Deals
  • Discounts
  • Economie
  • Euro
  • Gaming
  • Lifestyle
  • News
  • Opinion
  • Sports
  • Travel
  • Trending
  • Uncategorized

Recent News

2021 New Years Decorations, 56 PCS New Years Eve Party Supplies 2021, 42 Inch New Years 2021 Balloons, Happy New Year Decorations 2021, Gold and Black Balloons,Pom Poms Flowers,Hanging Swirls,Tassels

January 24, 2021

Amanda Knox says she ‘exists through the lens of Meredith Kercher’s murder’

January 24, 2021
  • Contact
  • Terms & Conditions
  • Privacy Policy

© 2020 - TrendsWide

No Result
View All Result
  • Home
  • Politics
  • News
  • Business
  • Culture
  • National
  • Sports
  • Lifestyle
  • Travel
  • Opinion

© 2020 - TrendsWide