- Excluding 22-cent tax benefit, third-quarter EPS comes in at 60 cents.
- Operating EPS beats consensus estimate of 58 cents.
- Revenue down 7% from second quarter but up 3% year over year.
BNY Mellon's (BK) earnings and revenue for the 2016 third quarter were higher than analysts' expectations.
BNY Mellon (BK) is scheduled to release its 2016 third quarter earnings before Thursday's opening bell.
Government mandates are creating huge changes for money market funds and that is opening buying opportunities for investors.
The next step is for Fed and FDIC to determine if the wills are credible.