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AI English summary of an SEC filing — figures as filed

BNY Mellon logoBNY Mellon BNY

The company said diluted earnings per share for Q3 2024 were $1.50, up 22% from a year earlier, and $1.52, up 20%, excluding notable items. Net income applicable to common shareholders was $1,110 million.

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

Key points

AI summary
  1. The company said diluted earnings per share for Q3 2024 were $1.50, up 22% from a year earlier, and $1.52, up 20%, excluding notable items. Net income applicable to common shareholders was $1,110 million.

  2. The company said total revenue for Q3 was $4,648 million, up 5% from a year earlier, and that noninterest expense of $3,100 million was not changed from the prior-year period (—%). Fee revenue was $3,404 million, up 5%.

  3. The company said assets under custody and/or administration at Q3 end were $52.1 trillion, up 14% from a year earlier, and assets under management were $2.1 trillion, up 18%. It said AUC/A exceeded $50 trillion for the first time.

  4. The Bank of New York Mellon said it returned $1,078 million to common shareholders in Q3, consisting of dividends of $353 million and share repurchases of $725 million. As of September 30, 2024, the CET1 ratio was 11.9%.

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.

3Q24 Diluted EPS and Adjusted EPS

The company said diluted earnings per share for Q3 2024 were $1.50, up 22% from a year earlier, and $1.52, up 20%, excluding notable items. Net income applicable to common shareholders was $1,110 million.

Source · Based on the filing body and exhibits

3Q24 Total Revenue and Noninterest Expense

The company said total revenue for Q3 was $4,648 million, up 5% from a year earlier, and that noninterest expense of $3,100 million was not changed from the prior-year period (—%). Fee revenue was $3,404 million, up 5%.

Source · Based on the filing body and exhibits

AUC/A and AUM Levels

The company said assets under custody and/or administration at Q3 end were $52.1 trillion, up 14% from a year earlier, and assets under management were $2.1 trillion, up 18%. It said AUC/A exceeded $50 trillion for the first time.

Source · Based on the filing body and exhibits

3Q24 Capital Return and Capital Ratios

The Bank of New York Mellon said it returned $1,078 million to common shareholders in Q3, consisting of dividends of $353 million and share repurchases of $725 million. As of September 30, 2024, the CET1 ratio was 11.9%.

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.