BNY Mellon's net profit increased by 3.4% in 2018


Bank of New York Mellon Financial Corp., one of the largest corporations in the United States, increased its profit in 2018 by 3.4% compared to last year. Profit amounted to 4.254 billion dollars. The bank increased net diluted earnings per share to $4.04 per share from 3.72 in the previous year. At the same time, revenue grew by 5.4% and exceeded $16 billion. In the fourth quarter, earnings fell by 35.7% to $870 million. Net diluted earnings per share fell to $0.84 from $1.08 a year earlier. Expert forecasts for this period stood at $0.93 per share. The bank's revenue for the quarter grew by 9% to 3.146 billion dollars. The head of BNY Mellon in a press release recognized the company's annual financial performance as ambiguous.

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