Getting big returns from financial portfolios, whether through stocks, bonds, ETFs, other securities, or a combination of all, is an investor's dream. But for income investors, generating consistent cash flow from each of your liquid investments is your primary focus.Cash flow can come from bond interest, interest from other types of investments, and of course, dividends. A dividend is that coveted distribution of a company's earnings paid out to shareholders, and investors often view it by its dividend yie ...

The Bank of New York Mellon Corp. (BK) has entered into an agreement with Computershare to divest BNY Trust Company of Canada. The deal, expected to be completed in the second quarter of 2024, is still subject to customary and regulatory approvals. Notably, the financial terms of the transaction were not revealed.The divestiture is in alignment with BNY Mellon’s strategic focus to gain a foothold in foreign markets outside Canada, while for Computershare, the deal fits within its core strategy to enhance th ...

The Bank of New York Mellon Corporation’s (BK) first-quarter 2024 adjusted earnings of $1.29 per share handily outpaced the Zacks Consensus Estimate of $1.19. Also, the figure reflected a rise of 14% from the prior-year quarter.Further, BK’s total revenues grew 3% year over year to $4.53 billion. The top line also beat the Zacks Consensus Estimate of $4.38 billion.The primary driver for the increase in top line was an improvement in fee income and assets under custody and/or administration (AUC/A) and asset ...

The Bank of New York Mellon Corporation (NYSE:BK) Q1 2024 Earnings Conference Call April 16, 2024 11:00 AM ET Company Participants Marius Merz - Head of Investor Relations Robin Vince - President and Chief Executive Officer Dermot McDonogh - Chief Financial Officer Conference Call Participants Alex Blostein - Goldman Sachs Steven Chubak - Wolfe Research Betsy Graseck - Morgan Stanley Ebrahim Poonawala - Bank of America Securities Brennan Hawken - UBS Mike Mayo - Wells Fargo Securities Glenn Schorr - Evercor ...

Key TakeawaysThe Bank of New York Mellon reported earnings and revenue that exceeded forecasts on higher investment services fees.The oldest U.S. bank's total fees and other revenue jumped 6% in the first quarter from a year ago.BNY Mellon announced an additional $6 billion stock buyback program. The Bank of New York Mellon (BK) posted better-than-expected results as the oldest U.S. bank reported higher investment services fees. It also boosted its stock buyback program. The bank founded by Alexander Hamilt ...

For the quarter ended March 2024, The Bank of New York Mellon Corporation (BK) reported revenue of $4.53 billion, up 3.8% over the same period last year. EPS came in at $1.29, compared to $1.13 in the year-ago quarter.The reported revenue represents a surprise of +2.91% over the Zacks Consensus Estimate of $4.4 billion. With the consensus EPS estimate being $1.19, the EPS surprise was +8.40%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectat ...

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, ...