BNY Mellon Earnings Sink 95% In Q4

21 Jan 2009

Bank of New York Mellon reports that earnings in the fourth quarter sank 95% to 2 cents a share, or $28 million, compared with $520 million a year ago.

Bank of New York Mellon reports that earnings in the fourth quarter sank 95% to 2 cents a share, or $28 million, compared with $520 million a year ago. The bank stated in a release that while it enjoyed record revenue from institutional services business and controlled its ...

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