Movement Alert｜Bank of New York Mellon rises 3.1% in Pre-Market Trading, Q3 earnings and revenue beat expectations

Market Focus10-15 21:09

On October 15, Bank of New York Mellon rose 3.1% in Pre-Market Trading, trading near $141.9 per share, with turnover of $195.9 thousand.

The move followed the company’s third-quarter results, which topped market expectations on both earnings and revenue.

Bank of New York Mellon reported adjusted EPS of $2.37 for the quarter, above the consensus estimate of $2.26 to $2.27, while revenue reached $5.68 billion, up 11.6% year over year and ahead of expectations of about $5.55 billion to $5.56 billion. Reported diluted EPS was $2.34 versus $1.88 a year earlier. Operating metrics also showed average deposits of $311 billion, up 4% year over year, and a pre-tax operating margin of 38.5%. Separately, the company maintained its quarterly common dividend at $0.63 per share.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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