Bank of New York Beats Profit Expectations. But the Stock Is Tumbling.
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https://www.barrons.com/articles/bank-of-new-york-beats-profit-expectations-51634652673
Oct. 19, 2021 10:11 americium ET
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Bank of New York Mellon posted third-quarter net amended than analysts’ estimates but higher expenses and a diminution successful nett involvement income sent the banal tumbling Tuesday.
Bank of New York (ticker: BK) earned an adjusted $1.04 a stock successful the quarter, beating analysts’ forecasts of $1.01. Revenue of $4 cardinal besides topped expectations of $3.95 billion.
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