Bank of New York Mellon (BNY Mellon) reported first-quarter revenue that exceeded Wall Street estimates, driven by higher market values and increased client activity. The bank saw a 5% increase in profits, attributed to rising asset values which boosted investment services fees. BNY Mellon's CEO highlighted the company's achievement of double-digit EPS growth, pre-tax margin, and Return on Tangible Common Equity (ROTCE) expansion due to positive operating leverage. The bank's stock price saw a 2.2% increase in pre-market trading following the announcement.
BNY Mellon’s quarterly results top Wall Street estimates on higher services fees https://t.co/C6dCvSY1F6
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#BNYMellon quarterly results top Wall St estimates on higher services fees $BAC $C $JPM https://t.co/3FYf2mp8dA
BNY Mellon with a double beat. CEO: "In Q1, we delivered double-digit EPS growth as well as pre-tax margin and ROTCE expansion on the back of positive operating leverage" $BK: +2.2% PM https://t.co/SP1P4tHnDS
BNY Mellon quarterly results top Wall St estimates on higher services fees https://t.co/kdgO7HjKDx https://t.co/Ll536Mf3Sz
Bank of New York Mellon reports first-quarter revenue that tops estimates as the lender benefited from higher market values and increased client activity https://t.co/pAy98YGHns
⚠️ BNY MELLON QUARTERLY RESULTS TOP WALL ST ESTIMATES ON HIGHER SERVICES FEES Full Story → https://t.co/1lJAp8DnDI Bank of New York Mellon beat Wall Street expectations on Tuesday with a 5% increase in profits, as rising asset values boosted investment services fees, more… https://t.co/a1gmSMACLw