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What's Going On With Bank Of New York Mellon Shares After Reporting Q1 Results?
The Bank Of New York Mellon Corporation (NYSE:BK) shares are trading higher in the premarket session on Tuesday.
The finance behemoth reported first-quarter adjusted earnings per share of $1.29, beating the street view of $1.19.
Quarterly revenue of $4.527 billion outpaced the analyst consensus of $4.388 billion.
“In the first quarter, we delivered double-digit EPS growth as well as pre-tax margin and ROTCE expansion on the back of positive operating leverage,” said President and Chief Executive Officer Robin Vince.
Net interest income decreased 8%, ...