The Bank of New York Mellon Corporation’s (BK) first-quarter 2024 adjusted earnings of $1.29 per share surpassed the Zacks Consensus Estimate of $1.19. 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 g ...

The Bank of New York Mellon Corporation (BK) came out with quarterly earnings of $1.29 per share, beating the Zacks Consensus Estimate of $1.19 per share. This compares to earnings of $1.13 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 8.40%. A quarter ago, it was expected that this company would post earnings of $1.12 per share when it actually produced earnings of $1.28, delivering a surprise of 14.29%. Over the last four ...

NEW YORK, April 16, 2024 /PRNewswire/ -- BNY Mellon (NYSE: BK) has reported financial results for the first quarter 2024. The company's earnings release along with the quarterly financial highlights and other earnings-related documents are available at www.bnymellon.com/investorrelations. Management will host a conference call and simultaneous live audio webcast at 11:00 a.m. ET today. This conference call and audio webcast will include forward-looking statements and may include other material information. ...

The Bank of New York Mellon Corporation Financial Supplement First Quarter 2024 Table of Contents Consolidated Results Page Consolidated Financial Highlights 3 Condensed Consolidated Income Statement 4 Condensed Consolidated Balance Sheet 5 Fee and Other Revenue 6 Average Balances and Interest Rates 7 Capital and Liquidity 8 Business Segment Results Securities Services Business Segment 9 Market and Wealth Services Business Segment 11 Investment and Wealth Management Business Segment 13 AUM by Product Type, ...

Investors are always looking for stocks that are poised to beat at earnings season and The Bank of New York Mellon Corporation (BK) , popularly known as BNY Mellon, may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because BNY Mellon is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the mos ...

The Bank of New York Mellon Corporation (BK) is scheduled to report first-quarter 2024 results on Apr 16, before market open. The company’s revenues and earnings are expected to have witnessed an increase in the quarter on a year-over-year basis.In the last reported quarter, BK’s earnings surpassed the Zacks Consensus Estimate. Its results were primarily aided by a rise in net interest revenues (NIR). The assets under management balance witnessed a rise, which, along with higher fee revenues, was another po ...

NEW YORK, April 12, 2024 /PRNewswire/ -- BNY Mellon (NYSE:BK), the global financial services company, is collaborating with Accenture (NYSE:ACN), a leading professional services company, to modernize financial services offerings with an initial focus on data management and analytics product development and delivery. The companies will use leading technologies to unleash the power of data at new speed to help their joint clients drive accelerated growth. Combining Accenture's data, AI, and platform engineeri ...

NEW YORK, April 11, 2024 /PRNewswire/ -- BNY Mellon has appointed Shannon Hobbs as Chief People Officer. Ms. Hobbs will join the company on June 3, reporting to President and Chief Executive Officer, Robin Vince, and will be a member of the firm's Executive Committee.  "Our people and culture are among our core strengths, and the People Team is central to how we will continue to succeed as a firm and as a top talent destination," said Mr. Vince. "Shannon is a proven leader with a commercial mindset, and dee ...

Analysts on Wall Street project that The Bank of New York Mellon Corporation (BK) will announce quarterly earnings of $1.20 per share in its forthcoming report, representing an increase of 6.2% year over year. Revenues are projected to reach $4.38 billion, increasing 0.3% from the same quarter last year.The consensus EPS estimate for the quarter has been revised 1.2% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initi ...

The market expects The Bank of New York Mellon Corporation (BK) to deliver a year-over-year increase in earnings on lower revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on April 16, 2024, might help the stock move higher i ...