The Bank of New York Mellon (BK) Reports Q3 Earnings: What Key Metrics Have to Say

The Bank of New York Mellon Corporation (BK) reported $4.65 billion in revenue for the quarter ended September 2024, representing a year-over-year increase of 6.3%. EPS of $1.52 for the same period compares to $1.27 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $4.52 billion, representing a surprise of +2.76%. The company delivered an EPS surprise of +7.80%, with the consensus EPS estimate being $1.41.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.Here is how The Bank of New York Mellon performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Total interest-earning assets - Average balance: $356.93 billion versus $343.50 billion estimated by five analysts on average. Net Interest Margin (FTE Basis): 1.2% versus 1.1% estimated by five analysts on average. Tier 1 Leverage Ratio: 6% compared to the 6% average estimate based on four analysts. Tier 1 Capital Ratio (Standardized Approach): 14.5% versus the three-analyst average estimate of 14%. Revenue- Market and Wealth Services- Total revenue: $1.55 billion versus the two-analyst average estimate of $1.47 billion. The reported number represents a year-over-year change of +6.9%. Revenue- Securities Services- Total fee and other revenue: $1.61 billion versus $1.62 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +7.8% change. Revenue- Securities Services- Net interest income: $609 million versus the two-analyst average estimate of $574.34 million. The reported number represents a year-over-year change of +1.5%. Revenue- Securities Services- Total revenue: $2.21 billion versus the two-analyst average estimate of $2.20 billion. The reported number represents a year-over-year change of +6%. Revenue- Market and Wealth Services- Net interest income: $415 million compared to the $396.44 million average estimate based on two analysts. The reported number represents a change of +3.2% year over year. Revenue- Other Segment- Total revenue: $33 million compared to the $8.96 million average estimate based on two analysts. The reported number represents a change of +230% year over year. Revenue- Investment and Wealth Management- Net interest income: $45 million compared to the $38.65 million average estimate based on two analysts. The reported number represents a change of +18.4% year over year. Revenue- Investment and Wealth Management- Total fee and other revenue: $804 million versus $799.29 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +1.9% change. View all Key Company Metrics for The Bank of New York Mellon here>>>Shares of The Bank of New York Mellon have returned +7.9% over the past month versus the Zacks S&P 500 composite's +5.4% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.Only $1 to See All Zacks' Buys and SellsWe're not kidding.Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services like Surprise Trader, Stocks Under $10, Technology Innovators,and more, that closed 228 positions with double- and triple-digit gains in 2023 alone.See Stocks Now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report The Bank of New York Mellon Corporation (BK): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks