Earnings Alerts

Bank Of New York Mellon (BK) Earnings: Q2 Adjusted EPS Surpasses Estimates at $1.51

  • Adjusted EPS: $1.51, beating the estimate of $1.43.
  • Net Interest Margin: 1.15%.
  • Common Equity Tier 1 Ratio: 11.4%, surpassing the estimate of 11.1%.
  • Liquidity Coverage Ratio: 115%.
  • Adjusted Revenue: $4.60 billion, exceeding the estimate of $4.52 billion.
  • Total Revenue: $4.60 billion.
  • Total Fee and Other Revenue: $3.57 billion, higher than the estimate of $3.5 billion.
  • Issuer Services Fees: $322 million, above the estimate of $306.4 million.
  • Treasury Services Fees: $202 million, greater than the estimate of $185.7 million.
  • Non-Interest Expenses: $3.07 billion, lower than the estimate of $3.08 billion.
  • Return on Equity: 12.7%, outperforming the estimate of 11.8%.
  • Analyst Recommendations: 12 buys, 6 holds, 0 sells.

A look at Bank Of New York Mellon Smart Scores

FactorScoreMagnitude
Value4
Dividend3
Growth3
Resilience5
Momentum4
OVERALL SMART SCORE3.8

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

The long-term outlook for Bank of New York Mellon, according to Smartkarma Smart Scores, indicates a positive overall assessment. With high scores in Value, Resilience, and Momentum, the company is positioned well for growth and stability. BNY Mellon’s strong Value score suggests that it is trading at an attractive price relative to its intrinsic value. Moreover, the top Resilience score reflects the company’s ability to weather economic uncertainties and challenges. Additionally, the Momentum score indicates positive market sentiment and performance, pointing to potential growth opportunities for investors.

As a global financial services company, Bank of New York Mellon offers a range of services including asset and wealth management, asset servicing, issuer, clearing, and treasury services. While the Dividend and Growth scores are moderate, the high scores in Value, Resilience, and Momentum underscore BNY Mellon’s solid foundation and potential for long-term success. Investors may find BNY Mellon a compelling option based on its positive Smartkarma Smart Scores and diversified business model.


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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