Bank Of New York Mellon Corp
BK
Market Cap$58.54B
Close$
Earnings Call Q3 2024
October 11, 2024 - AI Summary
**Strong Financial Performance**: BNY reported a robust earnings per share (EPS) of $1.50, up 22% year-over-year, and an adjusted EPS of $1.52, up 20%. Total revenue reached $4.6 billion, marking a 5% increase year-over-year, with flat expenses reported at $3.1 billion. This indicates positive operating leverage and efficient cost management.
**Assets Under Custody (AUC)**: For the first time, BNY exceeded $50 trillion in assets under custody and/or administration, finishing the quarter at $52.1 trillion, representing a 14% growth year-over-year. This growth is driven by higher market values and net new business, positioning BNY as a key player in the market.
**Outlook for Net Interest Income (NII)**: Despite initial forecasts for a 10% decline in net interest income for 2024, BNY has updated expectations to outperform this outlook by approximately 5 percentage points due to resilience in NII over the first nine months. The company anticipates fourth-quarter NII to be slightly below the strong results seen in Q3.
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$154.37
91.8% upside
Current Fair Value
91.8% upsideUndervalued by 91.8% based on the discounted cash flow analysis.
Share Statistics
| Market cap | $58.54 Billion |
|---|---|
| Enterprise Value | $107.01 Billion |
| Dividend Yield | $1.88 (2.21090547758042%) |
| Earnings per Share | $3.89 |
| Beta | 1.06 |
| Outstanding Shares | 736,547,000 |
Return
| Return on Equity | - |
|---|---|
| Return on Assets | - |
| Return on Invested Capital | - |
Valuation & Multiples
| P/E Ratio | 16.77 |
|---|---|
| PEG | 120.85 |
| Price to Sales | 2.52 |
| Price to Book Ratio | -0.15 |
| Enterprise Value to Revenue | 4.53 |
| Enterprise Value to EBIT | 23.26 |
| Enterprise Value to Net Income | 30 |
| Total Debt to Enterprise | 0.45 |
| Debt to Equity | 5508.52 |
Revenue Sources
No data
Insider Trades
ESG Score
No data
About Bank Of New York Mellon Corp
48,400 employees
CEO: Thomas Gibbons BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual ...