Recap: Bank of New York Mellon Q2 Earnings

Shares of Bank of New York Mellon BK rose 0.5% in pre-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share were unchanged 0.00% over the past year to $1.01, which beat the estimate of $0.91.

Revenue of $4,010,000,000 higher by 2.19% from the same period last year, which beat the estimate of $3,890,000,000.

Outlook

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

How To Listen To The Conference Call

Date: Jul 15, 2020

Time: 08:00 AM

ET Webcast URL: https://78449.choruscall.com/dataconf/productusers/bk/mediaframe/38411/indexr.html

Recent Stock Performance

52-week high: $51.60

Company's 52-week low was at $26.40

Price action over last quarter: Up 4.71%

Company Description

BNY Mellon is a global investment company involved in the management and servicing of financial assets throughout the investment lifecycle. The bank provides financial services for institutions, corporations, and individual investors, and delivers investment management and investment services in 35 countries and more than 100 markets. BNY Mellon is the largest global custody bank in the world, with over $35 trillion in under custody and administration (as of March 31, 2020), and can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute, or restructure investment.