earnings
confidence high
sentiment positive
materiality 0.75
BNY Mellon Q3 2023 EPS $1.22; adjusted EPS $1.27 up 5% YoY; ROTCE 20.5%
Bank of New York Mellon Corp
2023-Q3 EPS reported
$3.65
- Net income $1.0B; diluted EPS $1.22; adjusted EPS $1.27 vs $1.21 a year ago (up 5%).
- Total revenue $4.4B +2% YoY; net interest revenue $1,016M +10% YoY; fee revenue $3,245M flat.
- Noninterest expense $3,089M -16% YoY; up 3% excluding notable items (goodwill impairment in 3Q22).
- Return on tangible common equity 20.5%; CET1 ratio 11.4%; Tier 1 leverage 6.1%.
- Returned $783M to shareholders including $450M in common share repurchases.