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Mar 31, 2021
BNY Mellon Q1 2021 Earnings Report
BNY Mellon's first quarter earnings were reported, with a decrease in revenue and EPS compared to the previous year.
Key Takeaways
BNY Mellon reported a decrease in total revenue by 5% to $3.9 billion and a decrease in EPS by 8% to $0.97. Despite low interest rates, the company saw momentum across its businesses with a 1% increase in fee revenue, or 6% excluding money market fee waivers.
Total revenue decreased by 5% year-over-year to $3.9 billion.
Diluted earnings per share decreased by 8% year-over-year to $0.97.
Assets under custody and/or administration increased by 18% year-over-year to $41.7 trillion.
Assets under management increased by 23% year-over-year to $2.2 trillion.
Revenue by Segment
Forward Guidance
BNY Mellon is moving from a period of resilience to a period of recovery and growth, with encouraging indicators for economic momentum.
Positive Outlook
- Progress on vaccine deployment
- Extraordinary levels of consumer savings
- Monetary stimulus
- Further government spending
- Implementation of the stress capital buffer regime
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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