earnings
confidence high
sentiment positive
materiality 0.80
BNY reports record FY2024 net income $4.3B, revenue $18.6B; Q4 EPS $1.54 adj $1.72
Bank of New York Mellon Corp
2024-FY EPS reported
$5.80
revenue$18,619,000,000
- FY2024 EPS $5.80 GAAP ($6.03 adj), up 49% YoY; record net income $4.3B, record revenue $18.6B.
- Q4 rev $4.85B (+11% YoY); NII $1.19B (+8%); fee rev $3.51B (+9%); deposits $286B (+5% YoY).
- Q4 adjusted pre-tax margin 34%; ROTCE 26.1%; CET1 11.2%; Tier1 leverage 5.7%; returned $1.1B capital in Q4.
- FY2024 operating leverage 968 bps; expenses down 4% YoY; total payout ratio 102%; quarterly dividend raised 12% in Q3.
- Strategic: Archer acquisition closed; Wove revenue $29M in 2024, exit rate ~$75M; ~25% employees in new platform model.