Jim Cramer is Bullish on Bank of New York Mellon's Recent Earnings Results

The Bank of New York Mellon Corporation (NYSE:BK) is one of the stocks Jim Cramer weighed in on. During the episode, Cramer discussed the firm’s earnings, as he said:

“This morning, everybody was focused on the numbers from the big banks, JPMorgan, Wells Fargo, and Citigroup, but they were also watching the report from BNY, and that’s the old Bank of New York Mellon. This is one of the top custodial banks in America. And this morning, BNY reported another strong quarter with easy top and bottom line beats, not to mention a stunning nearly 28% return on something called tangible common equity. That’s one of the best results I’ve ever seen from a bank. BNY even raised its full-year net interest income forecast with the quarter. Very few did that.”

Bank of New York Mellon (NYSE:BK) provides a range of financial services, including investment management, custody, clearing, cash management, and wealth planning. The firm serves clients such as financial institutions, corporations, government entities, and high-net-worth individuals.

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Disclosure: None. This article is originally published at Insider Monkey.