BNY Mellon (BK) Q1 Earnings Beat on Higher Fee Income & AUM
BKThe Bank of New York Mellon(BK) Zacks Investment Research·2024-04-16 21:50

The Bank of New York Mellon Corporation’s (BK) first-quarter 2024 adjusted earnings of 1.29persharesurpassedtheZacksConsensusEstimateof1.29 per share surpassed the Zacks Consensus Estimate of 1.19. Also, the bottom line reflects a rise of 14% from the prior- year quarter. Shares of BK have gained more than 1% pre-market trading on better-than-expected results. Results have been primarily aided by a rise in fee revenues, particularly investment services fees. The assets under custody and/or administration (AUC/A) and assets under management (AUM) balanc ...