Bank of America Corp (BAC), JPMorgan Chase & Co. (JPM): Three Key Takeaways From The Bank of New York Mellon Corporation (BK) Q1 Earnings

The other way of looking at it is, a drop in total revenue is never a good thing. But there’s a silver lining: The Bank of New York Mellon Corporation (NYSE:BK) doesn’t have any structural or operational flaws that are keeping its revenues down. If it weren’t such a well-run operation, the situation would very likely be worse, and investors would be seeing a revenue drop of far more than 1%.

Foolish bottom line
Count your blessings, Fools. It’s been a mixed quarter for many of the big banks. Excepting the $854 million tax charge that pushed net-income far into the red, it was a pretty solid quarter for The Bank of New York Mellon Corporation (NYSE:BK). Due to a history of smart, low-drama, conservative leadership, the prototypical bank-for-other-banks is holding its own in a challenging economic environment — and remains a good investment.

The article 3 Key Takeaways From BNY Mellon First-Quarter Earnings originally appeared on Fool.com and is written by John Grgurich.

Fool contributor John Grgurich owns shares of JPMorgan Chase. Follow John’s dispatches from the bleeding heart of capitalism on Twitter @TMFGrgurich. The Motley Fool recommends Wells Fargo. The Motley Fool owns shares of Bank of America Corp (NYSE:BAC), JPMorgan Chase & Co. (NYSE:JPM), and (NYSE:WFC).

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