Bank of New York Mellon Corp
BNY: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| kLF | LOCK|V&w | LOCK|%n^lXwB |
BNY Earnings: Good Operating Leverage as Market Conditions Boost Results
The Bank of New York Mellon Corporation reported solid first-quarter numbers, with 14% adjusted revenue growth, 5% expense growth, and a 29% return on tangible common equity, up from 27% in the fourth quarter and 24% in the year-ago quarter. Shares were up slightly in intraday trading on April 16.
