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An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

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Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

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Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

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Bank of New York Mellon

Pershing is a subsidiary of The Bank of New York Mellon. Pershing has nearly $1 trillion in assets under administration. The Bank of New York Mellon has more than $25 trillion in assets in custody.

Pershing

The Bank of New York Mellon Corp. is a bank holding company, which engages in the provision of financial services. It operates through the following segments: Securities Services, Market and Wealth Services, Investment and Wealth Management, and Other. The Securities Services segment includes the Asset Servicing business, which provides global custody, fund accounting, integrated middle-office solutions, transfer agency and data, and analytics solutions. The Market and Wealth Services segment consists of industry leaders pershing and clearance and collateral management, and treasury services business. The Investment and Wealth Management segment is involved in services to institutional and retail investors, as well as investment management, wealth, and estate planning. The Other segment refers to the leasing portfolio, corporate treasury activities, derivatives, and other trading activity. The company was founded by Alexander Hamilton on June 9, 1784 and is headquartered in New York, NY.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

BNY Mellon reports Q4 earnings decline, focuses on growth initiatives

BNY Mellon's Q4 performance showed a decline in EPS but strong return on equity.
The company aims to drive efficiency savings in 2023 and grow net interest revenue.
Challenges include declining assets under management and margin concerns in asset servicing.
Opportunities lie in revenue diversification, growth initiatives, and improving expense management.

BNY Mellon reports robust Q1 earnings, eyes real-time payment growth

Bank of New York Mellon (BK) delivered strong financial results in Q1 2023, showcasing resilience and effective cost management.
The company's emphasis on preparedness over prediction and diversification in services positions them well for future challenges.
BNY Mellon's cautious approach to deposits and crypto, coupled with a focus on real-time payments, reflects a strategic and forward-thinking mindset.
Overall, BNY Mellon's performance, strengths, and strategic focus indicate a resilient and adaptable financial institution.

BNY Mellon excels in Q2 earnings, navigates uncertainties strategically

BNY Mellon's Q2 performance reflects strong financial metrics and strategic initiatives to enhance competitiveness. While facing uncertainties, the company is well-positioned to leverage opportunities in distribution, cost management, and client experience for future growth.

Bank of New York Mellon reports strong Q3 earnings and growth strategies

Bank of New York Mellon (BK) delivered strong financial results in Q3 2023, showcasing operational efficiency and strategic focus on client engagement and expense reduction.
While facing challenges in the Investment Management segment, the company remains optimistic about its ability to deliver on financial targets and capitalize on growth opportunities.
By addressing internal and external risks, leveraging technological advancements, and focusing on revenue growth and cost management, Bank of New York Mellon aims to navigate uncertainties and drive sustainable growth.
The company's commitment to enhancing operational efficiency, revenue streams, and client-centric services positions it well to overcome challenges and capitalize on opportunities for future success.

BNY Mellon surpasses 2023 goals, focuses on growth strategies

BNY Mellon had a strong Q4, exceeding financial goals and focusing on future growth strategies.
The company faces challenges with expense management and NII outlook but sees opportunities in efficiency and revenue growth.
Executives emphasized aligning employees, enhancing client service, and driving growth in business segments.
Investments in automation, digitization, and strategic targets set for future success.

BNY Mellon reports solid Q1 earnings, invests in AI for growth

BNY Mellon's Q1 2024 performance reflects resilience with revenue and EPS growth, despite challenges in net interest income and deposit trends. The company's strategic focus on technology investments, client-centric approach, and operational efficiency drive opportunities for future growth and profitability.

Bank of New York Mellon (BK) reports robust Q3 results

Bank of New York Mellon (BK) shows strong financial performance and strategic focus
Balancing investments in AI with managing expenses effectively is key
Transition to a platforms company and AI investments offer growth potential

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BNY Mellon (BK) remains well-placed for top-line growth, given a solid balance sheet, high rates and business transformation efforts. However, rising expenses and fee-income concentration are woes.

BNY Mellon (BK) Rides on High Rates Despite Expense Woes

This year's annual financial advisory conference will take place in Nashville and feature a keynote from four-time Grammy Award-winner Keith Urban NEW YORK , May 6, 2024 /PRNewswire/ -- The Bank of New York Mellon Corporation ("BNY Mellon") (NYSE:BK), the global financial services company, has released the lineup for Pershing's INSITE 2024, hosted at the Gaylord Opryland Resort & Convention Center in Nashville, Tennessee, June 4-6. This year's theme is "Next Level," with a focus on how investment firms and advisors can harness technology, data and other innovations to deliver next-level solutions for their clients.

BNY Mellon's Pershing Announces the Agenda for INSITE 2024

BNY Mellon (BK) signs a deal to divest its Canada business while at the same time focusing on global expansion efforts. The financial terms of the deal remain undisclosed.

BNY Mellon (BK) Plans to Divest Canada Unit to Computershare

NEW YORK--(BUSINESS WIRE)--Computershare Limited (ASX: CPU) has announced that it has agreed to acquire BNY Trust Company of Canada from BNY Mellon (NYSE: BK) through its Canadian trust company, Computershare Trust Company of Canada. BNY Trust Company of Canada was established in 2001 and offers a range of trust and agency services in Canada to clients, including issuers, corporations, banks and government entities. “We're delighted to be bringing the experienced team at BNY Trust Company of Ca.

Computershare to buy BNY Trust Company of Canada

Higher fee income and solid improvement in AUM and AUC/A balances drive BNY Mellon's (BK) Q1 earnings. On the other hand, lower NIR and a rise in expenses act as spoilsports.

BNY Mellon's (BK) Q1 Earnings Beat, AUM & Fee Income Rise

The Bank of New York Mellon Corporation (NYSE:BK ) Q1 2024 Earnings Conference Call April 16, 2024 11:00 AM ET Company Participants Marius Merz - Head of Investor Relations Robin Vince - President and Chief Executive Officer Dermot McDonogh - Chief Financial Officer Conference Call Participants Alex Blostein - Goldman Sachs Steven Chubak - Wolfe Research Betsy Graseck - Morgan Stanley Ebrahim Poonawala - Bank of America Securities Brennan Hawken - UBS Mike Mayo - Wells Fargo Securities Glenn Schorr - Evercore ISI Gerard Cassidy - RBC Capital Markets David Smith - Autonomous Research Brian Bedell - Deutsche Bank Ken Usdin - Jefferies Operator Good morning and welcome to the 2024 First Quarter Earnings Conference Call hosted by BNY Mellon. At this time, all participants are in a listen-only mode.

The Bank of New York Mellon Corporation (BK) Q1 2024 Earnings Call Transcript

The Bank of New York Mellon (BK) posted better-than-expected results as the oldest U.S. bank reported higher investment services fees. It also boosted its stock buyback program.

BNY Mellon Beats Earnings Estimates on Higher Fees and Announces $6B Stock Buyback

Although the revenue and EPS for The Bank of New York Mellon (BK) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

The Bank of New York Mellon (BK) Reports Q1 Earnings: What Key Metrics Have to Say

An increase in fee income and solid improvement in AUM and AUC/A balances support BNY Mellon's (BK) Q1 earnings, while lower NIR and a rise in expenses act as undermining factors.

BNY Mellon (BK) Q1 Earnings Beat on Higher Fee Income & AUM

The Bank of New York Mellon Corporation (BK) came out with quarterly earnings of $1.29 per share, beating the Zacks Consensus Estimate of $1.19 per share. This compares to earnings of $1.13 per share a year ago.

The Bank of New York Mellon Corporation (BK) Q1 Earnings and Revenues Surpass Estimates

NEW YORK , April 16, 2024 /PRNewswire/ -- The Bank of New York Mellon Corporation (NYSE: BK) today announced that its Board of Directors declared dividends on its common and preferred stock as follows: Common – a quarterly common stock dividend of $0.42 per share, payable on May 9, 2024 to shareholders of record as of the close of business on April 26, 2024. Preferred – the following dividends for the noncumulative perpetual preferred stock, liquidation preference $100,000 per share, for the dividend period ending in June 2024, in each case payable on June 20, 2024 to holders of record as of the close of business on June 5, 2024: $1,574.00 per share on the Series A Preferred Stock (equivalent to $15.739973 per Normal Preferred Capital Security of Mellon Capital IV, each representing a 1/100th interest in a share of the Series A Preferred Stock); $925.00 per share on the Series H Preferred Stock (equivalent to $9.250000 per depositary share, each representing a 1/100th interest in a share of the Series H Preferred Stock); and $937.50 per share on the Series I Preferred Stock (equivalent to $9.375000 per depositary share, each representing a 1/100th interest in a share of the Series I Preferred Stock).

BNY Mellon Declares Dividends

NEW YORK , April 16, 2024 /PRNewswire/ -- BNY Mellon (NYSE: BK) has reported financial results for the first quarter 2024. The company's earnings release along with the quarterly financial highlights and other earnings-related documents are available at www.bnymellon.com/investorrelations.

BNY Mellon Reports First Quarter 2024 Results

Bank of New York Mellon beat Wall Street expectations on Tuesday with a 5% increase in profits, as rising asset values boosted investment services fees, more than offsetting lower interest income for the world's largest custodian bank.

BNY Mellon quarterly results top Wall St estimates on higher services fees

BNY Mellon (BK) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Why BNY Mellon (BK) Might Surprise This Earnings Season

Bank of America

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We have narrowed our search to five large-cap stocks that are poised to beat on earnings results this week. These are: BAC, JNJ, UAL, PNC, BK.

5 U.S. Bigwigs Likely to Gain on Q1 Earnings Beat This Week

Despite high rates and decent loan growth, BNY Mellon's (BK) interest income is expected to have declined in the first quarter of 2024 due to higher deposit costs.

Lower NII to Hurt BNY Mellon (BK) Q1 Earnings, Fee Income to Aid

Accenture Plc

NEW YORK , April 12, 2024 /PRNewswire/ -- BNY Mellon (NYSE:BK), the global financial services company, is collaborating with Accenture (NYSE:ACN), a leading professional services company, to modernize financial services offerings with an initial focus on data management and analytics product development and delivery. The companies will use leading technologies to unleash the power of data at new speed to help their joint clients drive accelerated growth.

BNY Mellon Collaborates with Accenture to Drive Accelerated Growth for Clients

NEW YORK , April 11, 2024 /PRNewswire/ -- BNY Mellon has appointed Shannon Hobbs as Chief People Officer. Ms. Hobbs will join the company on June 3, reporting to President and Chief Executive Officer, Robin Vince, and will be a member of the firm's Executive Committee.

Shannon Hobbs Joins BNY Mellon as Chief People Officer

Looking beyond Wall Street's top -and-bottom-line estimate forecasts for The Bank of New York Mellon (BK), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended March 2024.

Stay Ahead of the Game With The Bank of New York Mellon (BK) Q1 Earnings: Wall Street's Insights on Key Metrics

The Bank of New York Mellon (BK) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

The Bank of New York Mellon Corporation (BK) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

NEW YORK and SAN DIEGO , April 9, 2024 /PRNewswire/ -- BNY Mellon (NYSE:BK), the global financial services company, today announced a new collaboration of its short-term investment platform, LiquidityDirect, with Kyriba, a global leader in cloud treasury and finance solutions. This development combines Kyriba's secure, scalable SaaS solution to BNY Mellon's LiquidityDirect platform to enhance liquidity performance and unlock greater cash visibility.

BNY Mellon and Kyriba Announce Collaboration to Combine Short-Term Investment LiquidityDirect™ Platform with Kyriba's Scalable SaaS Solution

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That was Federal Reserve Gov. Chris Waller pounding the table over the need for patience on interest rate cuts in a much-anticipated speech on Wednesday night.

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BNY Mellon stock (NYSE: BK) has gained 9% YTD which is at par with the S&P500 index over the same period. Further, at its current price of $57 per share, it is trading 10% below its fair value of $63 – Trefis' estimate for BNY Mellon's valuation.

Up 32% In The Last 12 Months, Where Is BNY Mellon Stock Headed?

Providing  buy-side clients easier access to the world's largest collateral manager with BNY Mellon's Triparty platform NEW YORK , March 27, 2024 /PRNewswire/ -- BNY Mellon (NYSE: BK) and GLMX announced today a new integration allowing buy-side clients to direct repo trades at point of execution to BNY Mellon's Triparty platform.  This integration follows growing demand from clients seeking to expand their BNY Mellon Triparty usage beyond uncleared margin segregation into repo financing, helping them to capture more benefits from being on the world's largest collateral platform.

BNY Mellon and GLMX collaborate to connect buy-side clients at point of execution to Triparty

NEW YORK , March 26, 2024 /PRNewswire/ -- BNY Mellon (NYSE: BK) will hold the 2024 Annual Meeting of Stockholders at 240 Greenwich Street, New York, New York 10286 on Tuesday, April 9, 2024, at 9:00 a.m. ET. The Notice of Annual Meeting and Proxy Statement was made available on February 29, 2024.

News for Bank of New York Mellon Stock (BK)