Overview

* BNY Q3 revenue rises 9% yr/yr to $5.1 bln

* Diluted EPS for Q3 up 25% yr/yr to $1.88

* Company returns $1.2 bln to shareholders via dividends and buybacks

Outlook

* Company did not provide specific guidance for future quarters or full year

Result Drivers

* SEGMENT GROWTH - Revenue growth driven by broad-based growth in Securities Services and Market and Wealth Services segments

* TRANSFORMATION PROGRAMS - Core transformation programs are enhancing sales momentum and multi-product solutions

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 $5.08

Revenue bln

Q3 EPS $1.88

Q3 Net $1.33

Income bln

Q3 Net $1.23

Interest bln

Income

Q3 CET1 11.70%

Capital

Ratio

Q3 Fee $3.63

Revenue bln

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", 7 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the investment management & fund operators peer group is "buy"

* Wall Street's median 12-month price target for Bank of New York Mellon Corp ( BK ) is $118.00, about 7.7% above its October 15 closing price of $108.93

* The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 13 three months ago

For questions concerning the data in this report, contact [email protected]. For any other questions or feedback, contact .

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)