The Bank of New York Mellon Corporation (BK) Q2 Earnings Top Estimates

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HFA Staff
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The Bank of New York Mellon Corporation (NYSE:BK) showed its earnings for the second quarter of 2013 this morning before the market opened. The bank showed earnings of $71 cents per share for the three month period on revenue of $3.79 billion. Later today, the firm’s shares will open at $30.35. In the run up to the announcement of this earnings report, analysts were looking for earnings of 57 cents per share from the bank, on revenues of $3.70 billion. In the same three months of 2012, the company’s earnings were 57 cents per share on revenue totaling $3.6 billion….

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The post above is drafted by the collaboration of the Hedge Fund Alpha Team.