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AI English summary of an SEC filing — figures as filed

BNY Mellon logoBNY Mellon BNY

The company said total revenue for Q2 2024 was $4,597 million, up 2% from a year earlier. Noninterest expense was $3,070 million, down 1%, and diluted EPS was $1.52, up 16%.

8-KResults of Operations and Financial ConditionFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company said total revenue for Q2 2024 was $4,597 million, up 2% from a year earlier. Noninterest expense was $3,070 million, down 1%, and diluted EPS was $1.52, up 16%.

  2. BNY said adjusted diluted EPS for Q2, excluding notable items, was $1.51, up 9% from a year earlier. It said adjusted noninterest expense was $3,077 million, up 1%. The FDIC special assessment adjustment for Q2 was $(38) million.

  3. Total fee revenue for Q2 was $3,398 million, up 4% from a year earlier, the company said. Net interest income fell 6% to $1,030 million, which it attributed mainly to changes in balance sheet mix.

  4. The company said it returned $923 million to common shareholders in Q2, consisting of $322 million in dividends and $601 million in share repurchases. The CET1 ratio was 11.4% as of June 30, 2024.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

2Q24 Revenue, Expense and Diluted EPS Summary

The company said total revenue for Q2 2024 was $4,597 million, up 2% from a year earlier. Noninterest expense was $3,070 million, down 1%, and diluted EPS was $1.52, up 16%.

Source · Based on the filing body and exhibits

Adjusted EPS of $1.51 Excluding Notable Items

BNY said adjusted diluted EPS for Q2, excluding notable items, was $1.51, up 9% from a year earlier. It said adjusted noninterest expense was $3,077 million, up 1%. The FDIC special assessment adjustment for Q2 was $(38) million.

Source · Based on the filing body and exhibits

2Q24 Total Fee Revenue and Net Interest Income

Total fee revenue for Q2 was $3,398 million, up 4% from a year earlier, the company said. Net interest income fell 6% to $1,030 million, which it attributed mainly to changes in balance sheet mix.

Source · Based on the filing body and exhibits

2Q24 Capital Return and CET1 Ratio

The company said it returned $923 million to common shareholders in Q2, consisting of $322 million in dividends and $601 million in share repurchases. The CET1 ratio was 11.4% as of June 30, 2024.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.