Financials continue to be unimpressive this season, this time from Bank of New York.
The trust bank reported EPS of $.50, which is well below estimates of $.57.
Revenue of $3.64 billion was just shy of expectations.
This is consistent with what we’ve seen from a host of other institutions this quarter.
Both fee and interest-based revenue fell from the previous quarter.
We’ll get a much more juicy report form Goldman at 8.