From Financial Modeling Prep: 2025-04-11 09:15:00

Bank of New York Mellon (NYSE:BK) reported first-quarter results that exceeded expectations, with adjusted earnings of $1.58 per share and revenue of $4.79 billion, up 6% from last year. The firm credited its commercial coverage strategy and integrated client platforms for driving growth and improving client engagement.

Expenses rose slightly, with non-interest costs increasing by 2% to $3.3 billion. However, profitability improved, with a pre-tax margin of 32% and a return on tangible common equity of 24%, highlighting the firm’s operational efficiency and financial strength.



Read more at Financial Modeling Prep:: BNY Mellon Tops Q1 Estimates on Broad-Based Streng…