Bank of New York Mellon Thursday reported earnings for Q4 that came in line with Street estimates and revenues that were lower than expected.
Non-GAAP diluted EPS was $0.77, up from last year’s $0.68, matching the Capital IQ consensus. Revenues grew year-over-year to $3.79 billion from $3.73 billion but still fell short of the mean estimate of $3.86 billion provided by Capital IQ.
Looking ahead, CEO Gerald L. Hassell said: “As we enter 2017, we continue to prioritize enhancing our clients’ experience with us in every way … from ease of access of information, to providing data-driven insights and solutions, to improving responsiveness to inquiries.”
The bank will be paying a quarterly dividend of $0.19 per common share on Feb. 10 to shareholders of record as of the close of business on Jan. 31.