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Thursday, January 21, 2016

BNY Mellon (BK) reported 4Q earnings on Thur 21 Jan 2016 (before open)

** charts before earnings **





** charts after earnings **






BNY Mellon beats by $0.04, reports revs in-line :
Reports Q4 (Dec) earnings of $0.68 per share, $0.04 better than the Capital IQ Consensus of $0.64; revenues rose 1.0% year/year to $3.73 bln vs the $3.75 bln Capital IQ Consensus.
  • "Our results in 2015 demonstrated that our strategic plan has positioned us well to perform in all operating environments. Even with geopolitical instability, emerging market weakness, higher regulatory compliance requirements and low interest rates, we executed on our strategic priorities and focused on what was within our control. For full-year 2015, our earnings per share increased by 19 percent on an adjusted basis as we generated more than 400 basis points of positive operating leverage and achieved a return on tangible common equity of 21 percent. Importantly, we are on track to achieve our three-year goals,"
  • AUC/A of $28.9 trillion, increased 1% reflecting net new business, partially offset by the unfavorable impact of a stronger U.S. dollar and lower market values.
    Estimated new AUC/A wins in Asset Servicing of $49 billion in 4Q15.

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