Bank of New York Mellon Corp
BNY: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| &yk | LOCK|&J | LOCK|PGM>>q |
BNY Earnings: Operating Momentum Continues
BNY reported solid third-quarter results, with 12% revenue growth and 8% expense growth leading to 24% net income growth. Returns on tangible common equity were 29%, down from 31% in the second quarter but still very strong.
