UPDATE 1-BNY Mellon quarterly profit tops estimates [Reuters (UK)]
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: Reuters
BNY Mellon quarterly profit tops estimates | Reuters Reuters Staff 1 Min Read (Reuters) - Bank of New York Mellon Corp ( BK.N ) reported a better-than-expected first-quarter profit on Thursday, helped by strong growth in its assets servicing and management business. The world’s largest custodian bank said net income applicable to common shareholders rose to $1.14 billion, or $1.10 per share, in the quarter ended March 31 from $880 million, or 83 cents per share, a year earlier. Analysts on average had expected earnings of 96 cents per share, according to Thomson Reuters I/B/E/S. Non-interest expenses rose 3.7 pct to $2.74 billion. Total revenue rose 8.7 percent to $4.18 billion. Assets under management jumped 8 percent to a record $1.9 trillion, driven by surging equity markets, a weaker dollar and net inflows, partially offset by the divestiture of CenterSquare Investment Management, the company said. (This version of the story corrects paragraph 4 to “$2.74 billion” from “$2.74”)
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News
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- BNY Mellon to sell its Canadian trust unit to Computershare [Seeking Alpha]Seeking Alpha
- Computershare to buy BNY Trust Company of Canada [Yahoo! Finance]Yahoo! Finance
- Computershare to buy BNY Trust Company of CanadaBusiness Wire
BK
Earnings
- 4/16/24 - Beat
BK
Sec Filings
- 4/25/24 - Form 13F-NT
- 4/25/24 - Form 13F-HR
- 4/24/24 - Form N-CSRS
- BK's page on the SEC website