- BNY Mellon reported an adjusted EPS of $1.52, surpassing the estimate of $1.42.
- The actual EPS was noted to be $1.50.
- Net interest revenue achieved $1.05 billion, slightly exceeding the estimate of $1 billion.
- The net interest margin was 1.16%, above the expected 1.13%.
- Provision for credit losses amounted to $23 million, higher than the $11.4 million estimate.
- The common equity Tier 1 ratio stood at 11.9%, beating the estimated 11.5%.
- Assets under administration reached $52.1 trillion, surpassing the estimated figures of $51.08 trillion.
- The liquidity coverage ratio was recorded at 116%.
- Adjusted revenue was $4.65 billion, outperforming the $4.55 billion estimate.
- Total fee and other revenue totaled $3.60 billion, above the estimate of $3.52 billion.
- Issuer services fees were $285 million, slightly below the expected $286.6 million.
- Treasury services fees reached $200 million, just above the $197.6 million estimate.
- Non-interest expenses were reported at $3.10 billion, slightly higher than the $3.07 billion estimate.
- The return on equity was 12%, compared to the 11.3% estimate.
- Analyst recommendations include 11 buys, 5 holds, and 1 sell.
“`
A look at Bank Of New York Mellon Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 3 | |
| Growth | 3 | |
| Resilience | 5 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 4.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Analysts have assessed the long-term outlook for Bank Of New York Mellon using Smartkarma Smart Scores. With a high Resilience score of 5, the company is considered well-equipped to withstand economic challenges. Additionally, the Momentum score of 5 signifies strong positive market sentiment towards the company, indicating potential growth opportunities in the future.
On the other hand, while Bank Of New York Mellon scored lower in terms of Dividend and Growth, with scores of 3 for both factors, its Value score of 4 suggests that the stock is viewed favorably in relation to its current price. Overall, the company’s strong Resilience and Momentum scores may position it well for long-term success in the financial services sector.
### The Bank of New York Mellon Corporation (BNY Mellon) is a global financial services company. The Company provides asset and wealth management, asset servicing, issuer, clearing, and treasury services for institutions, corporations, and high net worth individuals. ###
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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