Overall, the earnings call highlighted strong financial performance with record earnings per share growth and strategic expansion efforts. However, challenges such as net outflows in certain investment management strategies and negative net new assets in Pershing were noted. The company's strategic priorities and investments indicate a positive outlook despite some ongoing challenges.

Company Guidance

In the BNY Q3 2024 earnings call, management highlighted strong financial performance with a reported earnings per share (EPS) of $1.50, up 22% year-over-year, and EPS excluding notable items at $1.52, up 20%. Total revenue reached $4.6 billion, a 5% increase year-over-year, while expenses remained flat at $3.1 billion. The firm reported a record $52.1 trillion in assets under custody and/or administration, reflecting a 14% increase, and assets under management grew by 18% to $2.1 trillion. The pretax margin improved to 33%, and the return on tangible common equity rose to 23%. Additionally, BNY plans to close the acquisition of Archer by the end of the year, further enhancing their capabilities in managed accounts. The firm remains committed to returning 100% or more of 2024 earnings to shareholders through dividends and buybacks, having already returned 103% year-to-date.

Record Earnings Per Share Growth

Earnings per share of $1.50 were up 22% year-over-year. Excluding notable items, earnings per share of $1.52 were up 20%.

Revenue and Expense Management

Total revenue of $4.6 billion increased by 5% year-over-year, with reported expenses remaining flat and only a 1% increase excluding notable items.

Assets Under Custody Milestone

For the first time, BNY reported over $50 trillion of assets under custody and/or administration at the end of the quarter.

Strategic Acquisition

Announcement of the planned acquisition of Archer to expand capabilities in asset and wealth management.

Strong Segment Performance

Security Services revenue increased by 6% year-over-year, and Markets & Wealth Services revenue increased by 7% year-over-year.

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Bank of New York Mellon Corporation (BK) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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BK Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jan 15, 2025	2024 (Q4)	1.51 / -	0.33	―	―	―
Oct 11, 2024	2024 (Q3)	1.41 / 1.50	1.22	22.95% (+0.28)
Jul 12, 2024	2024 (Q2)	1.42 / 1.52	1.3	16.92% (+0.22)
Apr 16, 2024	2024 (Q1)	1.19 / 1.25	1.12	11.61% (+0.13)
Jan 12, 2024	2023 (Q4)	0.85 / 0.33	0.62	-46.77% (-0.29)
Oct 17, 2023	2023 (Q3)	1.15 / 1.22	0.39	212.82% (+0.83)
Jul 18, 2023	2023 (Q2)	1.22 / 1.30	1.03	26.21% (+0.27)
Apr 18, 2023	2023 (Q1)	1.12 / 1.12	0.86	30.23% (+0.26)
Jan 13, 2023	2022 (Q4)	1.02 / 0.62	1.01	-38.61% (-0.39)
Oct 17, 2022	2022 (Q3)	1.10 / 0.39	1.04	-62.50% (-0.65)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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BK Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Oct 11, 2024	$73.99	$73.70	-0.39%
Jul 12, 2024	$60.64	$63.81	+5.23%
Apr 16, 2024	$53.95	$52.88	-1.98%
Jan 12, 2024	$51.24	$53.30	+4.02%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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