BK Stock Recent News
BK LATEST HEADLINES
Does The Bank of New York Mellon Corporation (BK) have what it takes to be a top stock pick for momentum investors? Let's find out.
The Bank of New York Mellon Corporation BK shares are trading slightly lower on Thursday.
BK's fourth-quarter earnings top estimates on the back of higher fee income and robust AUM and AUC growth. A rise in NII and lower provisions act as tailwinds.
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does The Bank of New York Mellon Corporation (BK) have what it takes?
The Bank of New York Mellon Corporation (NYSE:BK ) Q4 2024 Earnings Call Transcript January 15, 2025 12:00 PM ET Company Participants Marius Merz - Head of IR Robin Vince - President and CEO Dermot McDonogh - CFO Conference Call Participants Ebrahim Poonawala - Bank of America Betsy Graseck - Morgan Stanley Brennan Hawken - UBS Mike Mayo - Wells Fargo Securities Alex Blostein - Goldman Sachs Brian Bedell - Deutsche Bank David Smith - Truist Securities Thomas Leddy - RBC Operator Good afternoon, and welcome to the 2024 Fourth Quarter Earnings Conference Call hosted by BNY. At this time, all participants are in a listen-only mode.
BK's fourth-quarter 2024 earnings top estimates on higher revenues and AUM alongside lower provisions and costs. Yet, a deteriorating capital position is a woe.
Bank of New York Mellon said quarterly earnings leapt higher as fee and interest revenue climbed and costs came down from a year earlier.
Bank of New York Mellon (BK), or BNY, shares advanced 6% Wednesday morning as the financial firm posted better-than-expected results on higher fee revenue and lower costs.
Although the revenue and EPS for The Bank of New York Mellon (BK) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
The Bank of New York Mellon Corporation (BK) came out with quarterly earnings of $1.72 per share, beating the Zacks Consensus Estimate of $1.56 per share. This compares to earnings of $1.28 per share a year ago.