NYSE$BK

Bank of New York Mellon Corp · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

BNY Mellon reported first quarter earnings with revenue up 5% and EPS up 12%.

BNY Mellon's first quarter 2020 earnings revealed a net income of $944 million, or $1.05 per common share, with total revenue reaching $4.1 billion, a 5% increase compared to the previous year, driven by a 10% increase in fee revenue.

  • Total revenue increased by 5%, reaching $4.1 billion.
  • Fee revenue saw a 10% increase, driven by higher foreign exchange and transaction volumes.
  • Net income applicable to common shareholders was $944 million, a 4% increase.
  • Diluted earnings per common share increased by 12% to $1.05.

Headline financials

Total Revenue

$4.15B

Previous: $3.87B+7.0%
EPS (adj)

$1.05

Previous: $0.94+11.7%
Assets under custody/admin

$35.2T

Previous: $34.5T+2.0%
Assets under management

$1.8T

Previous: $1.84T-2.2%
CET1 Capital Ratio

11.3%

No prior period
Supplementary Leverage Ratio

5.6%

No prior period
Return on Common Equity

10.0%

No prior period
Return on Tangible Common Equity

20.0%

No prior period
Capital Expenditures

-$264M

Previous: -$264M+0.0%
Free Cash Flow

$716M

Previous: $682M+5.0%
Net Income

$980M

Previous: $946M+3.6%
Operating Income

$2.39B

Previous: $2.03B+17.7%
Gross Profit

$3.98B

Previous: $3.87B+2.9%
Cash & Equivalents

$5.09B

Previous: $5.98B-14.9%
Total Assets

$468B

Previous: $346B+35.3%

Revenue & EPS history

BNY Mellon · Revenue · Quarterly

$4.15B

Q1 2020+7%vs Q1 2019
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

BNY Mellon · $4.14B total across 7 segments · Q1 2020

  • Asset Servicing
    $1.53B+8.2%
  • Pershing
    $653M+16.4%
  • Investment Management
    $620M-3.1%
  • Issuer Services
    $419M+5.8%
  • Payments and Trade
    $339M+6.9%
  • Clearance & Collateral Mgmt
    $300M+8.7%
  • Wealth Management
    $278M-6.1%

Forward guidance

BNY Mellon faces continued market and economic uncertainty, but the business model is financially resilient and the company plans to maintain its conservative risk profile, strong capital, and high-quality, liquid balance sheet.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

+0.3%

Avg return

Earnings day

+0.3%

Avg return

5 days after

+2.1%

Avg return

30 days after

58%

42 / 73 earnings

Positive

+8.3%

Q4 2024

Best reaction

-9.4%

Q1 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-2.8%+4.5%+2.3%
Q4 2025+2.1%+4.5%+2.3%
Q3 2025-2.1%-1.8%+1.4%
Q2 2025+1.4%-0.8%+4.5%
Q1 2025+1.4%-1.1%+12.1%
Q4 2024+8.3%+9.7%+15.7%
Q3 2024+2.8%+3.8%+3.5%
Q2 2024+6.9%+4.3%+3.8%
Q1 2024-1.1%+2.2%+6.7%
Q4 2023+5.0%+4.0%+4.7%
Q3 2023+3.1%-0.4%+11.1%
Q2 2023+4.7%+3.4%+1.3%
Q1 2023+2.3%-0.4%-7.1%
Q4 2022+3.2%+2.2%+6.7%
Q3 2022+4.0%+4.7%+14.1%
Q2 2022+5.8%+6.7%+11.0%
Q1 2022-1.6%-6.5%-8.5%
Q4 2021-6.9%-10.1%-9.8%
Q3 2021+3.3%+4.0%+0.6%
Q2 2021+0.2%+0.3%+9.3%
Q1 2021-2.5%-1.7%+7.9%
Q4 2020-7.8%-9.9%-7.6%
Q3 2020-0.7%-0.9%+4.0%
Q2 2020-5.7%-7.8%-3.7%
Q1 2020+8.0%+1.7%-7.4%
Q4 2019-8.9%-7.7%-9.4%
Q3 2019+0.0%+3.0%+9.5%
Q2 2019+4.1%+6.3%-1.8%
Q1 2019-9.4%-9.8%-13.8%
Q4 2018+4.3%+6.6%+7.2%
Q3 2018-3.6%-5.8%+0.5%
Q2 2018-5.7%-2.6%-7.1%
Q1 2018+6.0%+6.0%+9.0%
Q4 2017-2.2%-0.3%-2.8%
Q3 2017-2.5%-2.9%-3.7%
Q2 2017+0.6%+1.3%-1.8%
Q1 2017-0.2%+0.8%-0.7%
Q4 2016-3.6%-3.5%+2.0%
Q3 2016+6.5%+7.3%+17.3%
Q2 2016-2.0%-1.0%+0.6%
Q1 2016+3.4%
Q4 2015-0.9%
Q3 2015+1.7%
Q2 2015+4.1%
Q1 2015+3.8%
Q4 2014-3.4%
Q3 2014+0.6%
Q2 2014+1.2%
Q1 2014+1.5%
Q4 2013-2.4%
Q3 2013+1.6%
Q2 2013+3.7%
Q1 2013-3.8%
Q4 2012-1.3%
Q3 2012+6.0%
Q2 2012-2.0%
Q1 2012-2.8%
Q4 2011+0.4%
Q3 2011-4.5%
Q2 2011-7.4%
Q1 2011+2.0%
Q4 2010-1.5%
Q4 2009-1.5%
Q3 2010-1.5%
Q2 2010-0.6%
Q1 2010+1.8%
Q4 2007+0.1%
Q3 2008+2.7%
Q3 2009+2.7%
Q2 2008+0.9%
Q2 2009+0.9%
Q1 2009+0.9%
Q4 2008+0.9%

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