BNY Mellon (BK) Q1 Earnings Beat on Higher Fee Income & AUM [Yahoo! Finance]
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: Yahoo! Finance
Also, the bottom line reflects a rise of 14% from the prior-year quarter. Shares of BK have gained more than 1% pre-market trading on better-than-expected results. Results have been primarily aided by a rise in fee revenues, particularly investment services fees. The assets under custody and/or administration (AUC/A) and assets under management (AUM) balance grew on solid market rally. However, higher expenses and a decline in net interest revenues (NIR) hurt the results. Also, the credit quality was weak in the reported quarter. Net income applicable to common shareholders (GAAP basis) was $953 million or $1.25 per share, up from $911 million or $1.13 per share recorded in the year-ago quarter. We had projected net income applicable to common shareholders to be $682.8 million. Revenues & Expenses Rise Total revenues increased 3% year over year to $4.53 billion. The top line surpassed the Zacks Consensus Estimate of $4.38 billion. NIR, on a fully taxable-equivalent (FTE) b
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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