BNY Mellon Q2 Profit Jumps 22% to $1.7B, Revenue Hits Record $5.7B
BNY sits 64% above its 52-week low of $93.37.
Summary
BNY Mellon delivered a strong Q2, with net income rising 22% to $1.696 billion, or $2.45 per share, up from $1.93 a year ago. Revenue climbed 13.3% to a record $5.698 billion, driven by broad-based fee growth and higher interest income. Adjusted EPS came in at $2.46. This follows the earlier report of a 12% increase in assets under custody and administration, confirming robust business momentum. The results reinforce the company's earnings power as it trades near its 52-week high.
At the time of this announcement, BNY was trading at $152.94 on NYSE in the Finance sector, with a market capitalization of approximately $106B. The 52-week trading range was $93.37 to $155.09. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: dpa-AFX.