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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.
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
China’s industrial firms had seen an increase in profits for two consecutive months. This came as the most rapid pace ever recorded in over a year, suggesting that the country’s recuperation from the novel coronavirus pandemic ...
China's diesel exports for June fell by 50% year-on-year, a record low since September 2018 as lockdown measures around the world continued to curb fuel demand. China exported has 1.04 million tons of diesel, compared to the 1.45 million and ...
On Tuesday, the International Air Transport Association (IATA) announced that international airlines are in line to make a combined net loss of more than $84 billion this year due to the coronavirus crisis which has decimated air travel demand. According ...
The National Bank of Canada and Scotiabank reported acceptable second-quarter results on Tuesday. Both banks surpassed analysts’ estimates even though their respective profits suffered from loan-loss provisions due to the novel coronavirus ...
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