BNY Mellon Q1 EPS $1.29 adj, up 14% YoY; revenue $4.5B +3%; approves $6B buyback

Bank of New York Mellon Corp

2024-Q1 EPS reported $1.25

GAAP EPS $1.25, adj EPS $1.29 (+14% YoY); revenue $4.527B +3% YoY.
Pre-tax margin 29% (adj 30%); ROTCE 20.7% (adj 21.3%); net income $953M.
Returned $1.3B to shareholders via dividends ($324M) and buybacks ($988M); new $6B buyback program.
Avg deposits $279B (+2% YoY); Tier 1 leverage 5.9%; CET1 10.8%.
AUC/A $48.8T (+5% YoY); AUM $2.0T (+6% YoY).

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Bank of New York Mellon Corp reported the first quarter ended March 31, 2024 results: revenue $4.5 billion, EPS $1.25.

Period: the first quarter ended March 31, 2024
Revenue: $4.5 billion
EPS: $1.25
Result: reported results

Exact text from the filing

last year. In the first quarter, we delivered double-digit EPS growth as well as pre-tax margin and ROTCE expansion on the back of positive operating leverage. Total revenue of $4.5 billion was up 3% year-over-year, as 8% growth in investment services fees led by strength in Asset Servicing, Issuer Services and Clearance and Collateral Management more than offset

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Source: SEC EDGAR

accession 0001390777-24-000061

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