Record Revenue Growth
The Bank of New York Mellon Corporation reported record revenue of $5.1 billion, up 9% year over year, with strong double-digit revenue growth across Security Services and Market and Wealth Services segments.
Significant EPS Increase
Earnings per share increased by 25% year over year, reaching $1.88.
Strong Pre-Tax Margin and Return on Tangible Common Equity
The company's pre-tax margin improved to 36%, and the return on tangible common equity was 26%.
Solid Growth in Client Balances
BNY Mellon saw solid growth in client balances and robust trading, clearing, and settlement activity.
Expansion with Major Clients
BNY Mellon expanded its relationship with Franklin Templeton and TIAA, enhancing service offerings and platform capabilities.
AI Integration and Transformation
The company increased AI solutions in production by 75% compared to the prior quarter, reflecting significant progress in AI integration.
Strong Capital Return
Returned approximately $1.2 billion of capital to common shareholders, with a total payout ratio of 92% year to date.