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Bank Of New York Mellon Corporation The

BK

Bank of New York Mellon Corp increased 4.5% to $45.52 after the bank reported better-than-expected quarterly results.

Revenue increased 5% to $4.5 billion and net interest income rose 33% to $1.1 billion from $824 million a year ago. Net income rose 24% to $1.06 billion from $864 million and diluted earnings per share advanced to $1.30 from $1.03 a year ago.

Provision for credit losses declined to $5 million from $47 million a year ago.

Average loans declined 8% to $63.4 billion from $69.0 billion and average deposits fell 11% to $277 billion from $311 billion a year ago.

The company returned $745 million to shareholders, including $448 million common stock repurchase.
Jul 18, 2023

Year	Mar	Jun	Sep	Dec	Annual

2023	1.12	1.30	1.22	0.33	-
2022	0.86	1.03	0.39	0.62	2.9
2021	0.97	1.13	1.04	1.01	4.14
2020	1.05	1.01	0.98	0.79	3.83
2019	0.94	1.01	1.07	1.52	4.51
2018	1.1	1.03	1.06	0.84	4.04
2017	0.80	0.92	0.98	0.91	3.61
2016	0.74	0.76	0.90	0.77	3.17
2015	0.67	0.77	0.74	0.68	2.86
2014	0.57	0.48	0.93	0.18	2.15
2013	-0.23	0.71	0.82	0.44	1.73
2012	0.52	0.39	0.61	0.53	2.03
2011	0.50	0.59	0.53	0.42	2.03
2010	0.46	0.54	0.51	0.54	2.05
2009	0.28	0.15	-2.05	0.49	-1.16
2008	0.65	0.27	0.26	0.02	1.2
2007	0.60	0.62	0.56	0.45	2.17
2006	0.58	0.62	0.49	2.50	3.94
2005	0.52	0.55	0.54	0.55	2.16