- BNY Mellon’s adjusted EPS (Earnings Per Share) for the fourth quarter was $1.72, surpassing the estimate of $1.58.
- The actual EPS was $1.54.
- Net interest margin was 1.32%, higher than the estimated 1.17%.
- The Common Equity Tier 1 ratio stood at 11.2%, slightly below the estimated 11.6%.
- Liquidity coverage ratio was reported at 115%.
- Total revenue reached $4.85 billion with total fee and other revenue at $3.65 billion, exceeding the estimate of $3.61 billion.
- Issuer services fees amounted to $295 million, above the anticipated $287.6 million.
- Treasury services fees were $206 million, surpassing the forecast of $200 million.
- Non-interest expenses were higher than expected, at $3.36 billion compared to the estimate of $3.11 billion.
- Return on equity was 12.2%, beating the estimate of 11.8%.
- Analyst recommendations include 12 buy ratings, 5 holds, and 1 sell.
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A look at Bank Of New York Mellon Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 3 | |
| Growth | 3 | |
| Resilience | 5 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Bank Of New York Mellon, a global financial services company, is positioned for a promising long-term outlook based on the Smartkarma Smart Scores. With a strong score in Resilience and Value, the company demonstrates stability and fundamental strength in the market. This indicates a solid foundation and potential for consistent performance over time.
While Bank Of New York Mellon shows a moderate score in Dividend and Growth, its Momentum score of 4 suggests positive market sentiment and potential for upward movement. Overall, the company’s combination of robust fundamentals and positive market momentum bodes well for its future prospects in the financial services industry.
Summary: The Bank of New York Mellon Corporation (BNY Mellon) is a global financial services company that provides a range of services including asset and wealth management, asset servicing, issuer, clearing, and treasury services for institutions, corporations, and high net worth individuals.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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