BNY-Mellon: upbeat after quarterly results

(CercleFinance.com) - BNY-Mellon climbed nearly 4% after the publication, for the last quarter of 2023, of a net profit halved to 256 million dollars, or 33 cents per share (-47%), despite revenues up 10% to 4.
31 billion.

The financial institution's results were burdened by a 20% increase in non-interest expenses, to 3.87 billion, the latter having been inflated by exceptional items without which they rose by only 4%.

'In a complex context of macroeconomic uncertainty, changing monetary policies and geopolitical tensions, our EPS for the whole of 2023 rose by 10% on an adjusted basis', stresses its CEO Robin Vince.

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