Bank of New York Mellon (BK) Earnings Q4 2010

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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

Key statistics for BK from Yahoo! Finance

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Bank of New York Mellon's website

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