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Bank of New York Mellon Earnings Beat Forecasts as Rising Markets Lift Client Assets and Fees
Financial Modeling Prep· 2025-10-16 20:13
The Bank of New York Mellon Corp. (NYSE: BK) reported third-quarter earnings that exceeded expectations, boosted by rising global stock markets and higher asset valuations that strengthened fee income. The world’s largest custodian bank said assets under custody and administration surged 11% year-over-year to $57.8 trillion as of September 30, driven by client inflows and elevated market levels. After volatility earlier this year following President Donald Trump’s tariff announcement, U.S. equities rallied ...
BNY Mellon Surpasses Earnings Estimates with Strong Financial Performance
Financial Modeling Prep· 2025-10-16 17:00
Core Insights - BNY Mellon reported an earnings per share (EPS) of $1.88, exceeding the estimated $1.77 and showing significant growth from the previous year's EPS of $1.52 [2][6] - The company achieved a revenue of approximately $5.07 billion, surpassing the estimated $4.97 billion, with a price-to-sales ratio of about 1.91 [3][6] - BNY Mellon's price-to-earnings (P/E) ratio is approximately 15.64, indicating favorable market valuation of its earnings, and an earnings yield of around 6.40% highlights its profitability [4][6] Financial Metrics - The debt-to-equity ratio of 1.17 suggests a higher level of debt relative to equity, indicating the company's financial leverage [5] - A current ratio of 0.49 reflects BNY Mellon's ability to cover short-term liabilities with short-term assets, which is crucial for its financial health [5]
纽约梅隆银行:Q3财报超预期,早盘涨0.6%彰显市场地位
Xin Lang Cai Jing· 2025-10-16 15:05
美股周四早盘,纽约梅隆银行(BK)上涨0.6%,此前该公司报告称,第三季度非公认会计准则每股收益 (EPS)为1.91美元,超出预期0.14美元,营收为50.8亿美元。该银行托管和管理的资产达57.8万亿美元, 分析师称这项数据反映了其强大的市场地位。 来源:视频滚动新闻 ...
The Bank of New York Mellon Corporation (BK) Q3 Earnings and Revenues Surpass Estimates
ZACKS· 2025-10-16 12:46
The Bank of New York Mellon Corporation (BK) came out with quarterly earnings of $1.91 per share, beating the Zacks Consensus Estimate of $1.76 per share. This compares to earnings of $1.52 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +8.52%. A quarter ago, it was expected that this company would post earnings of $1.74 per share when it actually produced earnings of $1.94, delivering a surprise of +11.49%.Over the last four ...
The Bank of New York Mellon(BK) - 2025 Q3 - Earnings Call Transcript
2025-10-16 12:32
The Bank of New York Mellon (NYSE:BK) Q3 2025 Earnings Call October 16, 2025 07:30 AM ET Company ParticipantsRobin Vince - CEODermot McDonogh - CFOMarius Merz - Head of Investor RelationsConference Call ParticipantsGlenn Schorr - Senior Research AnalystEbrahim Poonawala - AnalystKen Usdin - AnalystBrennan Hawken - AnalystGerard Cassidy - Large Cap Bank AnalystDavid Smith - AnalystBetsy Graseck - AnalystMike Mayo - Research AnalystAlex Blostein - Senior AnalystOperatorGood morning and welcome to the 2025 Thi ...
The Bank of New York Mellon(BK) - 2025 Q3 - Earnings Call Transcript
2025-10-16 12:32
The Bank of New York Mellon (NYSE:BK) Q3 2025 Earnings Call October 16, 2025 07:30 AM ET Company ParticipantsRobin Vince - CEODermot McDonogh - CFOMarius Merz - Head of Investor RelationsConference Call ParticipantsGlenn Schorr - Senior Research AnalystEbrahim Poonawala - AnalystKen Usdin - AnalystBrennan Hawken - AnalystGerard Cassidy - Large Cap Bank AnalystDavid Smith - AnalystBetsy Graseck - AnalystMike Mayo - Research AnalystAlex Blostein - Senior AnalystOperatorGood morning and welcome to the 2025 Thi ...
The Bank of New York Mellon(BK) - 2025 Q3 - Earnings Call Transcript
2025-10-16 12:30
The Bank of New York Mellon (NYSE:BK) Q3 2025 Earnings Call October 16, 2025 07:30 AM ET Speaker4Good morning and welcome to the 2025 Third Quarter Earnings Conference Call hosted by BNY Mellon. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session. Please note that this conference call and webcast will be recorded and will consist of copyrighted material. You may not record or rebroadcast these materials without BNY Mellon's consent. I will now turn ...
The Bank of New York Mellon(BK) - 2025 Q3 - Earnings Call Transcript
2025-10-16 12:30
Financial Data and Key Metrics Changes - The company reported record revenue of $5.1 billion, up 9% year over year [5][21] - Earnings per share increased to $1.88, reflecting a 25% year-over-year growth [6][24] - The pretax margin improved to 36%, with a return on tangible common equity of 26% [6][24] Business Line Data and Key Metrics Changes - Security Services revenue was $2.5 billion, up 11% year over year, driven by strong client activity and market values [28] - Markets and Wealth Services segment reported total revenue of $1.8 billion, up 14% year over year [30] - Investment and Wealth Management segment revenue decreased to $824 million, down 3% year over year, with assets under management flat at $2.1 trillion [33][34] Market Data and Key Metrics Changes - Firm-wide assets under custody and administration (AUCA) increased to $57.8 trillion, up 11% year over year [22] - The ETF AUCA grew by 35% year over year, outperforming market growth [28] - Foreign exchange revenue was down 5% year over year, reflecting corporate treasury activity [22] Company Strategy and Development Direction - The company is focused on two core transformation programs: a new commercial model and a platform operating model [8][9] - The new commercial model aims to deliver integrated solutions and enhance client relationships [9][10] - The company is investing in AI and has launched the BNY AI Lab in collaboration with Carnegie Mellon University [16] Management's Comments on Operating Environment and Future Outlook - Management noted a resilient U.S. economy despite challenges such as inflation and geopolitical risks [6][8] - The company expects net interest income for the fourth quarter to be flat sequentially, projecting a 12% year-over-year increase for the full year [36] - Management expressed confidence in the strategy's effectiveness, citing positive indicators for future success [19] Other Important Information - The company returned approximately $1.2 billion of capital to shareholders, resulting in a 92% total payout ratio year to date [25] - The transition to the platform operating model is over 70% complete, with expectations to finish by next year [14] Q&A Session Summary Question: How much of the growth year over year is attributed to company actions versus market conditions? - Management indicated that the growth is a balanced mix of organic growth, higher market levels, and foreign exchange impacts, with the new commercial model enabling better cross-selling opportunities [40][41] Question: Can you expand on the approach towards interest rate risk management? - Management highlighted the sophistication in risk management tools and a clean, liquid balance sheet, which has contributed to strong net interest income [49][51] Question: What early trends have been seen in securities lending due to capital markets activity? - Management noted no significant changes in securities lending but emphasized the importance of the business within the broader collateral management franchise [58][60] Question: How does the company view the evolution of money market funds and stablecoins? - Management sees the evolution as an opportunity rather than turbulence, emphasizing the company's readiness to adapt to technological changes in the market [68][70] Question: Can you provide insights on multiline business solutions and their growth? - Management indicated that nearly half of the asset servicing wins were multiline solutions, reflecting a meaningful increase compared to previous periods [75][78]
The Bank of New York Mellon(BK) - 2025 Q3 - Earnings Call Presentation
2025-10-16 11:30
Financial Performance - Revenue increased by 9% year-over-year to $5.1 billion[5] - EPS increased by 25% year-over-year to $1.88[5] - Pre-tax margin increased by 3 percentage points year-over-year to 36%[5] - Expenses increased by 4% year-over-year to $3.2 billion[5] Capital Management - Returned $1.2 billion to common shareholders, including $381 million in dividends and $849 million in share repurchases[5] - Tier 1 leverage ratio increased slightly to 6.1%[3, 11] - CET1 ratio increased to 11.7%[8, 11] Segment Performance - Securities Services total revenue increased by 11% year-over-year to $2.459 billion[19, 20] - Market and Wealth Services total revenue increased by 14% year-over-year to $1.767 billion[23, 24] - Investment and Wealth Management total revenue decreased by 3% year-over-year to $824 million[27, 28]
BNY Profit Rises on Higher Net Interest and Fees
WSJ· 2025-10-16 10:32
Bank of New York Mellon posted higher third-quarter profit, boosted by a surge in net interest income and fees revenue. ...