Bank of New York Mellon (NYSE:BK) Full Year 2024 Results

Key Financial Results

• Revenue: US$18.5b (up 5.5% from FY 2023).
• Net income: US$4.34b (up 41% from FY 2023).
• Profit margin: 23% (up from 17% in FY 2023). The increase in margin was primarily driven by higher revenue.
• EPS: US$5.84 (up from US$3.91 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Bank of New York Mellon Revenues Beat Expectations

Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) was mostly in line with analyst estimates.

The primary driver behind last 12 months revenue was the Securities Services segment contributing a total revenue of US$8.88b (48% of total revenue). The largest operating expense was General & Administrative costs, amounting to US$10.9b (77% of total expenses). Explore how BK's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Capital Markets industry in the US.

Performance of the American Capital Markets industry.

The company's shares are up 1.1% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We have a graphic representation of Bank of New York Mellon's balance sheet and an in-depth analysis of the company's financial position.

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