Bank of New York Mellon (BK) Earnings Q4 2009
Highlights:
- BNY Mellon reports Q4 continuing EPS of $0.59 or $712 million; net benefit of $0.04 due to discrete tax benefit and securities gains partially offset by a restructuring charge related to global efficiency initiatives and M&I expenses
- Asset and wealth management fees +13 percent sequentially
- $14 billion of net long-term asset flows
- Completed acquisition of Insight Investment Management
- Improved investment performance
- Successfully completed restructuring of investment securities portfolio
- Capital ratios remain strong
- Tier 1 12.0 percent, Tier 1 Common 10.5 percent, TCE 5.2 percent
Earnings estimates from CNN Money
See how BK is performing right now
Bank of New York Mellon's website
Related Articles:
Can you separate prop trading from agency trading?
Outsiders again the favorites in the CEO search?
Bob Kelly, not interested in Bank of America, really




Comments