Market Updates
Bank of New York Reports Flat Revenues, Net Falls 19%
Scott Peters
18 Apr, 2022
New York City
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Bank of New York Mellon said quarterly revenues was flat at $3.9 billion and net income declined 19% to $699 million. Earnings per share in the quarter fell 11% to 86 cents from 97 cents a year ago. Net interest revenues increased 7% and assets under management increased 2% to $2.3 trillion. Revenues were flat in Securities Services and Market Wealth Services but declined 3% in Investment and Wealth Management.
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