5 Key Quarterly Reports from The Financial Sector

In this article, we discuss the 5 key quarterly reports from the financial sector. If you want to read our detailed analysis of these companies, go directly to 10 Key Quarterly Reports from The Financial Sector. 

5. The Bank of New York Mellon Corporation (NYSE:BK)

Number of Hedge Fund Holders: 54

Shares of The Bank of New York Mellon Corporation (NYSE:BK) rose over three percent in the pre-market trading session on Friday, July 15, 2022, following its mixed financial performance for the second quarter.

The Bank of New York Mellon Corporation (NYSE:BK) reported earnings of $1.03 per share, missing expectations of $1.12 per share. On the positive side, revenue for the quarter increased 7 percent on a year-over-year basis to $4.3 billion, ahead of the consensus of $4.17 billion.

Commenting on the results, CEO of The Bank of New York Mellon Corporation (NYSE:BK), Todd Gibbons said:

“Our second quarter results once again demonstrated the strength and resilience of our business model, and we are pleased that our Board of Directors approved an increase of the quarterly cash dividend on our common shares by 9% to $0.37 per share.”