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Jun 30, 2023
BNY Mellon Q2 2023 Earnings Report
BNY Mellon delivered good financial performance amidst a dynamic operating environment.
Key Takeaways
BNY Mellon reported earnings per share of $1.30, up 26% year-over-year, on $4.5 billion of revenue, up 5% year-over-year, and generated a return on tangible common equity of 23% in the second quarter.
Total revenue of $4.5 billion, increased 5%.
Net interest revenue increased 33%.
AUC/A of $46.9 trillion, increased 9%.
AUM of $1.9 trillion, decreased 2%.
Forward Guidance
BNY Mellon delivered good financial performance amid a very dynamic operating environment, and we continued taking actions to position the firm for higher underlying growth and enhanced operational efficiency over time.
Positive Outlook
- Focus on revenue growth and expense discipline allowed us to drive meaningful positive operating leverage
- Improved our pre-tax margin to 30%
- Continued making significant investments in our future
- Particular strength in Clearance and Collateral Management and Depositary Receipts
- Recently launched solutions, such as Pershing’s innovative Wove advisory platform, give us confidence that revenues will build over time
Historical Earnings Impact
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Avg. Return Before/After Earnings
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