The Bank of New York Mellon reported its earnings Today. The financial firm reported a second quarter earnings per share of $0.39, falling below analysts' expectations of $0.53 a share. Revenue for the quarter fell 6.1% to $3.62 billion, but actually met analysts' predictions.
Bank of New York Mellon saw its profits fall 37% in the second quarter, due to a combination of litigation charges and revenue decreases. Shares for Bank of New York Mellon opened today at $21.59.
