Lower NII to Hurt BNY Mellon (BK) Q1 Earnings, Fee Income to Aid
BKThe Bank of New York Mellon(BK) Zacks Investment Research·2024-04-15 21:21

The Bank of New York Mellon Corporation (BK) is scheduled to report first-quarter 2024 results on Apr 16, before market open. The company’s revenues and earnings are expected to have witnessed an increase in the quarter on a year-over-year basis. In the last reported quarter, BK’s earnings surpassed the Zacks Consensus Estimate. Its results were primarily aided by a rise in net interest revenues (NIR). The assets under management balance witnessed a rise, which, along with higher fee revenues, was another p ...