- Bank of New York Mellon press release ( NYSE: BK ): Q2 GAAP EPS of $1.03 misses by $0.09 .
- Revenue of $4.3B (+8.6% Y/Y) beats by $130M .
- Provision for credit losses was $47 million compared with a benefit of $86 million primarily reflecting changes in the macroeconomic forecast.
- AUC/A of $43.0 trillion, decreased 4%, primarily reflecting lower market values and the unfavorable impact of a stronger U.S. dollar, partially offset by client inflows and net new business.
- AUM of $1.9 trillion, decreased 17%, primarily reflecting lower market values and the unfavorable impact of a stronger U.S. dollar, partially offset by net inflows.
- Dividends of $279 million to common shareholders (including dividend-equivalents on share-based awards).
- Return on common equity (“ROE”) – 9%; Return on tangible common equity (“ROTCE”) – 19% (b).
- Common Equity Tier 1 (“CET1”) ratio – 10.0%.
- Tier 1 leverage ratio – 5.2%. • Average liquidity coverage ratio (“LCR”) – 111%.
- Total Loss Absorbing Capacity (“TLAC”) ratios exceed minimum requirements.
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Bank of New York Mellon GAAP EPS of $1.03 misses by $0.09, revenue of $4.3B beats by $130M