BNY Mellon reports Q3 adjusted EPS $1.27, consensus $1.15

Reports Q3 revenue $4.4B, consensus $4.33B. Robin Vince, President and CEO, commented, “BNY Mellon delivered solid financial performance and continued progress on the steady transformation of our company. We generated a return on tangible common equity of 20% on $4.4 billion of revenue, up 2% year-over-year, and a pre-tax margin of 29% in the third quarter.” “Our financial results once again highlight the efficacy of our prudent and proactive asset- and liability-management. Amid a rapidly evolving operating environment, we continued to deliver attractive profitability and capital returns to our shareholders while further strengthening our regulatory capital and liquidity ratios,” Vince added. “We committed to drive higher underlying growth and enhanced operational efficiency. While it is still early on our journey, we are starting to see the signs of progress inside the company. We are innovating and pushing forward on our multi-year growth investments all while remaining disciplined to deliver positive operating leverage and pre-tax margin expansion,” Vince further noted. “I am proud and appreciative of our employees’ dedication through all of the work required to unlock BNY Mellon’s potential. Together, we will be more for our clients, run our company better, and power our culture to create value for clients, shareholders and employees alike,” Vince concluded.