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Jun 30, 2024
BNY Mellon Q2 2024 Earnings Report
Delivered improved financial performance with positive operating leverage due to solid fee growth and expense discipline.
Key Takeaways
BNY Mellon reported a strong second quarter in 2024, with earnings per share of $1.52, up 16% year-over-year. The company demonstrated positive operating leverage through solid fee growth and disciplined expense management, achieving a return on tangible common equity of 24%.
Total revenue increased by 2% to $4.6 billion.
Diluted EPS increased 16% to $1.52, or 9% excluding notable items.
Pre-tax operating margin was 33%.
Assets under custody and/or administration (AUC/A) reached $49.5 trillion, a 6% increase.
BNY Mellon
BNY Mellon
Forward Guidance
No specific forward guidance was provided in the earnings report.