Financial Results Announcement - The Bank of New York Mellon Corporation (BNY) will report its financial results for the first quarter of 2025 on April 11, 2025 [1] - Financial materials will be available on BNY's website at approximately 6:30 a.m. ET on the same day [1] Conference Call Details - Management will host a conference call and live audio webcast at 11:00 a.m. ET on April 11, 2025 [1] - Investors can access the conference call by dialing +1 800-390-5696 (U.S.) or +1 720-452-9082 (International) with the passcode: 200200 [2] - The earnings release and related documents will be available on BNY's investor relations website starting at approximately 6:30 a.m. ET [2] Archived Conference Call - An archived version of the conference call and audio webcast will be available from April 11, 2025, at approximately 3:00 p.m. ET until May 9, 2025 [3] Company Overview - BNY is a global financial services company managing $52.1 trillion in assets under custody and/or administration and $2.0 trillion in assets under management as of December 31, 2024 [4] - The company has been in operation for 240 years and serves over 90% of Fortune 100 companies and nearly all top 100 banks globally [4] - BNY employs over 50,000 people and has received recognition as one of Fortune's World's Most Admired Companies [5]

Core Viewpoint - The Bank of New York Mellon Corporation (BK) is identified as a promising momentum stock, currently holding a Momentum Style Score of B and a Zacks Rank of 2 (Buy) [3][4][12]. Momentum Style Score Analysis - The Momentum Style Score incorporates price changes and earnings estimate revisions, which are critical for assessing a stock's potential [3][9]. - BK's shares have increased by 8.86% over the past quarter and 54.12% over the last year, significantly outperforming the S&P 500, which rose by 5.98% and 23.28% respectively [7]. Price Performance - Over the past week, BK's shares rose by 0.16%, while the Zacks Banks - Major Regional industry increased by 1.19% [6]. - The monthly price change for BK is 8.85%, compared to the industry's performance of 5.17% [6]. Trading Volume - BK's average 20-day trading volume is 3,746,325 shares, indicating a bullish sign as rising stocks with above-average volume are generally viewed positively [8]. Earnings Estimate Revisions - In the last two months, 5 earnings estimates for BK have been revised upwards, while only 1 estimate was revised downwards, leading to an increase in the consensus estimate from $6.61 to $6.86 [10]. - For the next fiscal year, 3 estimates have moved upwards, with 1 downward revision during the same period [10].

Core Insights - The Bank of New York Mellon Corporation (BNY) has appointed Carolyn Weinberg as Chief Solutions Innovation Officer, effective February 3, 2025 [1][2] - The appointment aims to enhance BNY's culture of innovation and improve its ability to respond to trends in capital markets [2] - Carolyn Weinberg previously served as Chief Product Innovation Officer at BlackRock, bringing extensive experience in product innovation and development [2] Company Overview - BNY is a global financial services company managing $52.1 trillion in assets under custody and/or administration and $2.0 trillion in assets under management as of December 31, 2024 [3] - The company has a long history of over 240 years, serving over 90% of Fortune 100 companies and nearly all top 100 banks globally [3] - BNY employs over 50,000 people and has received recognition as one of Fortune's World's Most Admired Companies [4]

Core Points - The Bank of New York Mellon Corporation (BNY) will have its CEO, Robin Vince, speaking at the BofA Securities Financial Services Conference on February 12, 2025 [1] - A live webcast of the conference will be available on the BNY website, with an archived version accessible approximately 24 hours later [2] - BNY has been in operation for 240 years, managing over $52.1 trillion in assets under custody and/or administration and $2.0 trillion in assets under management as of December 31, 2024 [3] Company Overview - BNY is a global financial services company that assists clients in managing, moving, and safeguarding their money [3] - The company serves over 90% of Fortune 100 companies and nearly all of the top 100 banks globally, as well as supporting governments and pension plans [3] - BNY employs over 50,000 people worldwide and has received recognition as one of Fortune's World's Most Admired Companies [4]

Core Insights - The Bank of New York Mellon Corporation (BNY) will have its Global Head of Asset Servicing, Emily Portney, speaking at the UBS Financial Services Conference on February 11, 2025 [1] - A live webcast of the conference will be available on the BNY website, with an archived version accessible approximately 24 hours after the live event [2] - BNY oversees $52.1 trillion in assets under custody and/or administration and $2.0 trillion in assets under management as of December 31, 2024 [3] Company Overview - BNY is a global financial services company that has been operational for 240 years, assisting clients in managing, moving, and safeguarding their money [3] - The company serves over 90% of Fortune 100 companies and nearly all of the top 100 banks globally, as well as supporting governments and pension plans [3] - BNY employs over 50,000 people worldwide and has received recognition as one of Fortune's World's Most Admired Companies [4]

Core Viewpoint - The Bank of New York Mellon Corporation reported strong fourth-quarter 2024 results, with adjusted earnings per share of $1.72, reflecting a 33% year-over-year increase, surpassing analyst expectations of $1.56 [1] Analyst Insights - Goldman Sachs projects a robust 10%+ EPS growth for 2025 and the medium term, which is not fully reflected in the stock's current 11X 2025 P/E ratio [1] - The management team is gaining credibility, potentially leading to increased investor confidence and higher valuations [2] - Key factors supporting the Buy rating include better net interest income (NII) growth, which is 6% higher than consensus due to improved deposit levels, and positive fee income growth driven by a differentiated business mix [2] - Continued expense management is expected, with a 1% – 2% growth forecasted for 2025 [2] Earnings Estimates - EPS estimates for 2025, 2026, and 2027 have been raised to $7.09, $8.15, and $9.26, respectively, indicating higher growth compared to consensus [3] - Keefe, Bruyette & Woods raised 2025 and 2026 EPS estimates by $0.15 to $6.80 and $0.10 to $7.65, respectively, due to improved deposit behavior and higher NII expectations [4] Market Outlook - Despite recent outperformance, there is significant upside potential as the stock is trading in line with peers [5] - Truist Securities anticipates a neutral outlook for the year, with fees expected to rise year-over-year [5] - A 5% increase in markets could add approximately $70 million in annualized fees [5] Strategic Initiatives - BNY plans to invest $0.5 billion, doubling its 2024 investment [5] - By the first quarter of 2025, over half of the company's workforce will operate on the platform model, with plans for 85% by year-end [6] Price Action - BK shares are currently trading lower by 0.69% at $81.47 [6] - Analysts have set price forecasts for the stock, with Goldman Sachs and Keefe, Bruyette & Woods both at $96, while Truist Securities maintains a forecast of $91 [8]

Summary of BNY's Earnings Call for Q4 2024 Company Overview - **Company**: BNY (The Bank of New York Mellon) - **Date of Call**: January 15, 2025 - **Key Executives Present**: Robin Vins (President and CEO), Dermot McDonough (CFO) Core Financial Highlights - **Record Net Income**: $4.3 billion for 2024, with record revenue of $18.6 billion, resulting in a return on tangible common equity of 23% [2][9] - **Revenue Growth**: Total revenue increased by 5% year-over-year, with fee revenue up 6% and investment services fees growing by 7% [9][10] - **Expenses**: Total expenses decreased by 4% year-over-year to $12.7 billion, with a pre-tax margin of 31% [9][10] - **Earnings Per Share**: Reported at $5.80, with an adjusted EPS of $6.03, reflecting a 19% increase year-over-year [10] Strategic Initiatives - **Transformation Strategy**: BNY is focused on three strategic pillars: enhancing client services, improving operational efficiency, and fostering a strong corporate culture [2][3] - **Commercial Coverage Model**: The rollout of a new commercial coverage model aims to enhance cross-selling and improve client relationships [2][3] - **Acquisition of Archer**: This acquisition is part of BNY's strategy to become an end-to-end solutions provider in the managed account ecosystem [3] - **Investment in Technology**: BNY has invested approximately $500 million in efficiency savings through digitization and AI, transitioning about 13,000 employees to a new operating model [3][8] Market Position and Trends - **Assets Under Custody and Administration (AUCA)**: BNY manages $52 trillion in AUCA, with significant growth in Treasury Services, Clearance and Platform Management, and Corporate Trust [5][6] - **Digital Assets**: BNY is a leader in digital asset services, managing a significant portion of digital asset exchange-traded products in the U.S. and Canada [6] - **Wealth Management Focus**: The wealth management segment is targeting the ultra-high net worth market, with a focus on providing integrated solutions [6][22] Financial Outlook for 2025 - **Net Interest Income (NII)**: Expected to increase by mid-single-digit percentage points year-over-year, with fee revenue also anticipated to grow [16][32] - **Expense Growth**: Projected to be around 1-2% year-over-year, excluding notable items [16] - **Capital Returns**: BNY plans to return approximately 100% of earnings to shareholders through dividends and share repurchases [16] Risks and Challenges - **Market Uncertainty**: The outlook for 2025 is described as uncertain due to geopolitical tensions, trade policy uncertainties, and market volatility [7] - **Operating Model Transition**: The transition to a new operating model is expected to enhance efficiency and client service but may present short-term challenges [27] Additional Insights - **Employee Engagement**: The transition to the new operating model has reportedly improved employee satisfaction and operational efficiency [27] - **Client Demand**: There has been a 30% year-on-year increase in sales from clients utilizing multiple lines of business, indicating strong market demand for integrated solutions [7][19] This summary encapsulates the key points from BNY's earnings call, highlighting the company's financial performance, strategic initiatives, market position, and outlook for the future.

Financial Data and Key Metrics - No specific financial data or key metrics changes mentioned in the provided content [1][2][3][4] Business Line Data and Key Metrics - No specific business line data or key metrics changes mentioned in the provided content [1][2][3][4] Market Data and Key Metrics - No specific market data or key metrics changes mentioned in the provided content [1][2][3][4] Company Strategy and Industry Competition - No specific details on company strategy, development direction, or industry competition mentioned in the provided content [1][2][3][4] Management Commentary on Operating Environment and Future Outlook - No specific management commentary on the operating environment or future outlook mentioned in the provided content [1][2][3][4] Other Important Information - The earnings call for the fourth quarter of 2024 was hosted by BNY, with participation from the President and CEO, Robin Vince, and the CFO, Dermot McDonogh [2] - The call included forward-looking statements and non-GAAP measures, with actual results potentially differing from projections [3] - The quarterly update presentation is available on the Investor Relations page of the company's website [2] Q&A Session - No Q&A session details provided in the content [1][2][3][4]

Financial Performance - Full Year 2024 - Record net income of $4.3 billion on record revenue of $18.6 billion[8] - Total revenue increased by 5% year-over-year[10] - Net income increased by 41% year-over-year, or 13% excluding notable items[10] - Expenses decreased by 4% year-over-year, or increased by 1% excluding notable items, reaching $12.7 billion[10] - The company returned $4.4 billion to common shareholders, including $1.3 billion in dividends and $3.1 billion in share repurchases[10] Financial Performance - 4Q24 - Total revenue increased by 11% year-over-year to $4.8 billion[23] - Adjusted expenses increased by 2% year-over-year[23] - Adjusted EPS increased by 33% year-over-year[23] - The company returned $1.1 billion to common shareholders, including $349 million in dividends and $750 million in share repurchases[25] Strategic Initiatives - Approximately 25% of employees transitioned into the Platforms Operating Model by year-end 2024[7] - The company realized approximately $500 million of efficiency savings in 2024[7] - Wove momentum accelerating with $29 million revenue booked in 2024, and an exit rate of ~$75 million at year-end[12] 2025 Outlook - Net Interest Income is expected to increase by mid-single-digits % year-over-year[57] - Expenses (excluding notable items) are expected to increase by 1 – 2% year-over-year[57]

Core Insights - The Bank of New York Mellon Corporation reported a revenue of $4.85 billion for the quarter ended December 2024, reflecting a 12.4% increase year-over-year and surpassing the Zacks Consensus Estimate of $4.66 billion by 3.92% [1] - The company's earnings per share (EPS) for the quarter was $1.72, compared to $1.28 in the same quarter last year, resulting in an EPS surprise of 10.26% against the consensus estimate of $1.56 [1] Financial Performance Metrics - Total interest-earning assets averaged $357.77 billion, slightly above the estimated $356.67 billion [4] - The net interest margin (FTE basis) was reported at 1.3%, exceeding the average estimate of 1.2% [4] - The Tier 1 leverage ratio was 5.7%, slightly below the average estimate of 5.8% [4] - The Tier 1 capital ratio (standardized approach) stood at 13.7%, lower than the three-analyst average estimate of 14% [4] Revenue Breakdown - Revenue from Market and Wealth Services totaled $1.67 billion, surpassing the average estimate of $1.55 billion, with a year-over-year increase of 11.2% [4] - Securities Services generated total fee and other revenue of $1.64 billion, slightly above the estimated $1.63 billion, marking a 6.4% increase year-over-year [4] - Net interest income from Securities Services was $681 million, exceeding the average estimate of $611.38 million, with a year-over-year growth of 7.2% [4] - Total revenue from Securities Services reached $2.32 billion, compared to the estimated $2.24 billion, reflecting a 6.7% year-over-year increase [4] - Investment and Wealth Management reported total revenue of $873 million, above the average estimate of $855.66 million, representing a significant year-over-year increase of 29.1% [4] - Market and Wealth Services' total fee and other revenue was $1.19 billion, exceeding the average estimate of $1.13 billion, with a year-over-year change of 12.3% [4] - Net interest income from Investment and Wealth Management was $47 million, slightly above the average estimate of $45.25 million, with a year-over-year increase of 6.8% [4] - Total fee and other revenue from Investment and Wealth Management reached $826 million, surpassing the average estimate of $810.41 million, marking a year-over-year increase of 30.7% [4]