secwatch.observer — SEC 8-K summary
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Issuer:     Bank of New York Mellon Corp (BK)
CIK:        0001390777
Form:       8-K
Filed at:   2024-01-12T23:59:59+00:00
Accession:  0001390777-24-000003
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BNY Mellon Q4 adj EPS $1.28 (down 2%); FY23 adj EPS $5.05 (+10%); 2024 NII seen down ~10%
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- Q4 GAAP diluted EPS $0.33, including $752M FDIC/severance/litigation charge and $150M contingent consideration adjustment.
- Full-year 2023 revenue $17.5B (+7% YoY), adj EPS $5.05 (+10%), adj ROTCE 22%.
- Q4 net interest revenue $1,101M (+8% QoQ); 2024 NII guided down ~10% YoY on deposit margin compression.
- Returned $3.9B capital in FY23 (123% payout ratio); quarterly dividend raised 14% in 3Q23.
- Tier 1 leverage ratio 6.0% (+25bps YoY); adj pre-tax margin 28.3% in Q4 vs 31.0% a year ago.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1390777/000139077724000003/0001390777-24-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1390777/000139077724000003/bk-20240112.htm
  HTML page:      https://secwatch.observer/filing/0001390777-24-000003

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