Bank of New York Mellon Full Year 2024 Earnings: Revenues Beat Expectations, EPS In Line

Bank of New York Mellon (NYSE:BK) Full Year 2024 Results

Key Financial Results

• Revenue: US$18.5b (up 6.7% from FY 2023).
• Net income: US$4.34b (up 42% from FY 2023).
• Profit margin: 23% (up from 18% in FY 2023).
• EPS: US$5.84 (up from US$3.89 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Bank of New York Mellon Revenues Beat Expectations

Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) was mostly in line with analyst estimates.

Looking ahead, revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Capital Markets industry in the US.

Performance of the American Capital Markets industry.

The company's shares are up 5.2% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We've done some analysis and you can see our take on Bank of New York Mellon's balance sheet.

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