BNY Mellon's (BK) Q1 Earnings Beat, AUM & Fee Income Rise

Published on 17 Apr 2024 on Zacks via Yahoo Finance

BNY Mellon's (BK) Q1 Earnings Beat, AUM & Fee Income Rise

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 assets under management (AUM) balance.

The Bank of New York Mellon Corporation Price, Consensus and EPS Surprise

Read the rest of the article

NASDAQ.NTRS price evolution

Want to become a better investor?

Start tracking your investments with Statfolio

News

BNY Mellon's (BK) Q1 Earnings Beat, AUM & Fee Income Rise

NASDAQ.NTRS price evolution

Want to become a better investor?

BNY Mellon (BK) Rides on High Rates Despite Expense Woes

PNC Financial (PNC) Launches Credit Card With Cashback Feature

4 Reasons to Add Wells Fargo (WFC) Stock to Your Portfolio

Northern Trust (NASDAQ:NTRS) Is Due To Pay A Dividend Of $0.75

2 Major Regional Banks to Buy on High Rates, Economic Growth

BNY Mellon's (BK) Q1 Earnings Beat, AUM & Fee Income Rise

Northern Trust Corporation (NASDAQ:NTRS) Q1 2024 Earnings Call Transcript

Northern Trust (NTRS) Q1 Earnings Beat, Revenues Fall Y/Y

Compared to Estimates, Northern Trust (NTRS) Q1 Earnings: A Look at Key Metrics

Northern Trust misses Q1 estimates, shares fall slightly By Investing.com