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Investment Management & Fund Operators

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Blackrock increases ownership in Finland's Kone

10:00am EDT

Kone Oyj says: Total number of shares owned by Blackrock and its funds increased above five percent of share capital on Oct. 19 .The share of Blackrock's voting rights was still below five percent on Oct..

Bank of New York Mellon Q3 non-GAAP earnings per share $0.90

7:18am EDT

Bank of New York Mellon Corp : BNY Mellon reports third quarter earnings of $974 million or $0.90 per common share . Q3 non-GAAP earnings per share $0.90 . Q3 earnings per share view $0.81 -- Thomson Reuters I/B/E/S . Q3 revenue $3.94 billion . At quarter-end, AUM of $1.72 trillion increased 6% . Net short-term outflows totaled $1 billion in 3Q16 . Net long-term inflows of $1 billion in 3Q16 . Qtrly provision for credit losses was a credit of $19 million versus provision of $1 million last year . Qtrly net interest revenue $774 million versus $759 million last year . Q3 revenue view $3.86 billion -- Thomson Reuters I/B/E/S .Total advanced common equity tier 1 capital ratio at Q3-end of 12.6 percent versus 11.7 percent at Q2-end.


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