secwatch.observer — SEC 8-K summary
======================================

Issuer:     Bank of New York Mellon Corp (BK)
CIK:        0001390777
Form:       8-K
Filed at:   2025-01-15T23:59:59+00:00
Accession:  0001390777-25-000015
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BNY reports record FY2024 net income $4.3B, revenue $18.6B; Q4 EPS $1.54 adj $1.72
--------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1390777/000139077725000015/0001390777-25-000015-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1390777/000139077725000015/bk-20250115.htm
  HTML page:      https://secwatch.observer/filing/0001390777-25-000015

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer