- The company met bottom-line estimates, but was shy of consensus on revenue.
- Perhaps hurting the stock today is the company's promise to take any money saved from tax cuts and reinvest it back into the business - maybe disappointing to those hoping for upped capital returns.
- Part of that that reinvestment is a rise in the minimum wage to $15 per hour, affecting about 1K of the bank's 52.5K employees.
- BK -4.5%
- Previously: Bank of New York Mellon EPS in-line, misses on revenue (Jan. 18)
BNY Mellon down 4.5% on capital return disappointment
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About BK Stock
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Symbol | Last Price | % Chg |
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BK | - | - |
The Bank of New York Mellon Corporation |