Bank of New York Mellon Corp
BNY: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
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| LOCK|p# | LOCK|v< | LOCK|$js!@Hd |
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.
