BNY Mellon's Earnings Increase Shows Strength of Fee-Based Model [The Motley Fool]
The Bank of New York Mellon Corporation (BK)
Last the bank of new york mellon corporation earnings: 4/16 06:30 am
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US:NYSE Investor Relations:
bnymellon.com/us/en/investor-relations/index.jsp
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Source: The Motley Fool
Over the past two weeks, most of the biggest banks in the U.S. have reported earnings. Every one reported large earnings-per-share declines from increased provisioning for credit losses due to the newcurrent expected credit lossBank of New York Mellon(NYSE:BKImage source: Getty Images.Fee-based revenue saves the dayIn the first quarter of 00, BNY Mellon earned $.0 per share compared to $0.9 in the first quarter of 09. Revenues rose % on a year-over-year basis to $. billion, driven by a 0% increase in fee income and a % decline in net interest income. On the conference call, CEO Thomas Gibbons had this to say about BNY Mellon's model and the current environment:We have a lower risk fee-based business model that positions us relatively well in an environment like this. We perform stress tests regularly as do our regulators. ... We have a highly diversified business model with a conservative risk profile and fees in general are skewed toward recurring revenue streams.Market volatility dr
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News
- Assessing Bank of New York Mellon Corporation (BK) Valuation After Q1 Beat AI Gains And $10b Buyback [Yahoo! Finance]Yahoo! Finance
- Banistmo Announces Expiration and Results of its Consent Solicitation relating to its 4.250% Senior Notes due 2027 [Yahoo! Finance]Yahoo! Finance
- BNY (BK) was given a new $136.00 price target by Evercore Inc.MarketBeat
- BNY (BK) was given a new $139.00 price target by Morgan Stanley.MarketBeat
- BNY (BK) had its "sector perform" rating reaffirmed by Royal Bank Of Canada.MarketBeat
BK
Earnings
- 4/17/26 - Beat
BK
Sec Filings
- 4/20/26 - Form 424B2
- 4/20/26 - Form 424B2
- 4/17/26 - Form 144
- BK's page on the SEC website