BNY Mellon's (BK) Q1 Earnings Beat, AUM & Fee Income Rise
BKThe Bank of New York Mellon(BK) Zacks Investment Research·2024-04-17 22:55

The Bank of New York Mellon Corporation’s (BK) first-quarter 2024 adjusted earnings of 1.29persharehandilyoutpacedtheZacksConsensusEstimateof1.29 per share handily outpaced the Zacks Consensus Estimate of 1.19. Also, the figure reflected a rise of 14% from the prior-year quarter. Further, BK’s total revenues grew 3% year over year to 4.53billion.ThetoplinealsobeattheZacksConsensusEstimateof4.53 billion. The top line also beat the Zacks Consensus Estimate of 4.38 billion. The primary driver for the increase in top line was an improvement in fee income and assets under custody and/or administration (AUC/A) and ass ...