Bank of New York Mellon Corp（BNY）资讯与事件BNYBank of New York Mellon Corp

BNY Mellon Q2 Earnings Call Outlook Cautious

On the company's Q2 earnings call, BNY Mellon executives stated: "In our updated guides, we have given a range and we have kind of taken a conservative bias to it because that is how we set up and run the company through the year, through the cycle, durable revenues. I think Q3 specifically as it relates to NII and deposits, year over year, will be a tough comp because we expect a seasonally slow quarter due to the seasonal slowdown. Last year, that did not happen due to several idiosyncratic events. The setup for the third quarter will be pretty good in terms of NII, but last year's quarter is tough to beat."

BNY Reports Q2 Revenue of $5.7B, Beating Expectations

Reports Q2 revenue $5.7B, consensus $5.41B. Reports Q2 tangible book value per share $32.81. Reports Q2 CET1 capital ratio 11%. The company said, "In a dynamic market, BNY delivered another strong quarter with robust organic growth, once again demonstrating BNY's position at the heart of the world's capital markets. Enabled by our new commercial and platform operating models, our people are coming together to support our clients and deliver strong financial performance. We grew revenue by 13% year-over-year to a record $5.7 billion and generated 600 basis points of positive operating leverage, a pre-tax margin of 40% and an ROTCE of 31%. Growth was broad-based across Securities Services, Market and Wealth Services and Investment and Wealth Management, reflecting healthy client activity as well as the impact of our continuous investments and strategic actions to enable differentiated solutions for our clients. We also achieved another quarter of record sales. Halfway through the year, our performance underscores BNY's strong momentum, and our teams around the world remain focused on delivering more for our clients and shareholders."