Movement Alert｜Bank of New York Mellon Intraday Rise 3.23% in Regular Trading, Q3 Revenue and Earnings Beat Expectations

Market Focus10-15 23:41

On October 15, Bank of New York Mellon rose 3.23% in Regular Trading, trading near $142.145 per share, with turnover of $290 million.

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

Adjusted EPS came in at $2.37, above the $2.26 to $2.27 consensus range, while revenue reached $5.68 billion, up 11.6% year over year and ahead of the $5.55 billion to $5.56 billion expected. Operating indicators were also solid, with average deposits of $311 billion rising 4% year over year, pre-tax operating margin improving to 38.5%, and return on capital reaching 29.0%, pointing to continued resilience in its core custody and asset servicing franchise. The company also kept its quarterly common dividend unchanged 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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