tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

BNY Mellon reports Q3 adjusted EPS $1.91, consensus $1.77

Reports Q3 revenue $5.08B, consensus $4.98B. Reports Q3 tangible book value per share $30.60. Reports Q3 CET1 capital ratio 11.7%. The company said, “BNY delivered another quarter of strong results. Record revenue of $5.1 billion was up 9% year-over-year on the back of broad-based growth across the platforms that make up our Securities Services and Market and Wealth Services segments, and we continued to drive significant positive operating leverage. Taken together, we reported a pre-tax margin of 36%, generated an ROTCE of 26%, and earnings per share of $1.88 were up 25% year-over year.”

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue

1