BNY Mellon reports Q4 adjusted EPS $1.30, consensus 83c

Reports Q4 revenue $3.9B, consensus $4.21B. Reports AUM of $1.8T, CET1 ratio 11.2%, tangible book value per share $23.11. Robin Vince, President and CEO, commented, "BNY Mellon delivered solid underlying performance in the fourth quarter. We continued to derive benefit from higher interest rates, and we saw healthy growth across several of our businesses despite the significant downdraft in market levels across global equity and fixed income markets. Our reported results in the quarter also reflect the impact of a number of deliberate actions to improve our revenue growth and efficiency trajectory for 2023 and beyond. I am proud of our people, who once again demonstrated BNY Mellon’s characteristic resilience and ability to support our client in a challenging environment, while continuing to execute against our long-term growth initiatives. As we enter 2023, we remain focused on growing and deepening our strong client franchise, together with driving greater efficiency in our operating model. I am confident in BNY Mellon’s ability to create further value for all our stakeholders in the years ahead," Mr. Vince concluded.