Bank of New York Mellon (BK) Earnings Q3 2009
Highlights:
- $2.54 Investment securities portfolio restructuring charge
- $0.03 M&I expenses
- Fixed income price rally improved portfolio valuation by $1.8 billion in the third quarter of 2009
- Sold $3.6 billion of the lowest quality securities
-
Restructuring $8.5 billion of securities, with an opportunity to recover a portion of the loss over time
Earnings estimates from CNN Money
See how BK is performing right now
Bank of New York Mellon's website
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