Workflow
Here's What Key Metrics Tell Us About The Bank of New York Mellon (BK) Q4 Earnings
BKThe Bank of New York Mellon(BK) ZACKS·2025-01-15 15:31

Core Insights - The Bank of New York Mellon Corporation reported a revenue of 4.85billionforthequarterendedDecember2024,reflectinga12.44.85 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,comparedto1.72, 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]FinancialPerformanceMetricsTotalinterestearningassetsaveraged1.56 [1] Financial Performance Metrics - Total interest-earning assets averaged 357.77 billion, slightly above the estimated 356.67billion[4]Thenetinterestmargin(FTEbasis)wasreportedat1.3356.67 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 1.55billion,withayearoveryearincreaseof11.21.55 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 1.63billion,markinga6.41.63 billion, marking a 6.4% increase year-over-year [4] - Net interest income from Securities Services was 681 million, exceeding the average estimate of 611.38million,withayearoveryeargrowthof7.2611.38 million, with a year-over-year growth of 7.2% [4] - Total revenue from Securities Services reached 2.32 billion, compared to the estimated 2.24billion,reflectinga6.72.24 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 855.66million,representingasignificantyearoveryearincreaseof29.1855.66 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 1.13billion,withayearoveryearchangeof12.31.13 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 45.25million,withayearoveryearincreaseof6.845.25 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]