Bank of New York Mellon (BK)

Bank of NY Mellon reported a Q3 net loss of $2.05 per share on net losses of $2.5 billion versus earnings of $0.26 per share on a net profit of $303 million for the year ago period.
The current quarter’s losses include a one-time pre-tax charge of $4.8 billion to restructure its investment portfolio. Excluding the one-time charge the company earned $0.54 per share and beat analyst forecasts of $0.48 per share.

Oct 20 · 11:11:00 AM · Source: CNBC
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by Michael Oliveto