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Sep 30, 2023
BNY Mellon Q3 2023 Earnings Report
BNY Mellon delivered solid financial performance with revenue and EPS increase.
Key Takeaways
BNY Mellon reported a solid financial performance for Q3 2023, with a 2% increase in revenue to $4.4 billion and a 213% increase in EPS to $1.22. The company's return on tangible common equity was 20%, and the pre-tax margin was 29%.
Total revenue increased by 2% to $4.4 billion.
Earnings per share increased by 213% to $1.22.
AUC/A increased 8% to $45.7 trillion.
AUM increased 3% to $1.8 trillion.
Forward Guidance
BNY Mellon is focused on driving higher underlying growth and enhanced operational efficiency through innovation, multi-year growth investments and disciplined cost management.
Positive Outlook
- Continued progress on the steady transformation of the company.
- Prudent and proactive asset- and liability-management.
- Delivery of attractive profitability and capital returns to shareholders.
- Further strengthening of regulatory capital and liquidity ratios.
- Commitment to drive higher underlying growth and enhanced operational efficiency.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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