Bank of New York Mellon (BK) Earnings Q4 2010
View BK Q4 Earnings Report
Highlights:
- Fourth quarter income from continuing operations totaled $690 million, or $0.55 per common share, compared with $712 million, or $0.59 per common share, in 4Q 2009
- Total revenue of $3.8 billion, up 14 percent year-over-year and 10 percent sequentially
- Total fee revenue was up 12 percent sequentially
- Securities servicing fees increased 8 percent
- Asset and wealth management fees increased 15 percent
- Foreign exchange revenue totaled $206 million in 4Q 2010,, up 29 percent sequentially and 2 percent year-over-year
- Record levels of assets under management and assets under custody/administration
- Continued strong flows in asset and wealth management
- $15 billion of net flows in the fourth quarter of 2010
Earnings estimates from TheStreet.com
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Bank of New York Mellon's website
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