NYSE$BK
Bank of New York Mellon Corp · Q2 2020 earnings
Q2 2020 earnings · · Investor relations
Briefing
BNY Mellon reported solid results with resilient fee performance and a strong return on tangible common equity.
BNY Mellon's second quarter results showed resilience with a 2% increase in total revenue, driven by fee revenue growth in Investment Services. EPS was flat year-on-year at $1.01, and the company bolstered its CET1 ratio to 12.6% and achieved a ROTCE of 19%.
- Total revenue increased by 2% driven by fee revenue growth.
- EPS was flat year-on-year at $1.01.
- CET1 ratio bolstered to 12.6%.
- Return on tangible common equity (ROTCE) achieved 19%.
Headline financials
Revenue & EPS history
BNY Mellon · Revenue · Quarterly
$3.96B
Revenue by segment
BNY Mellon · $3.37B total across 6 segments · Q2 2020
- Asset Servicing$1.46B—43.4%
- Pershing$578M—17.1%
- Issuer Services$431M—12.8%
- Payments and Trade$340M—10.1%
- Clearance & Collateral Mgmt$295M—8.7%
- Wealth Management$265M—7.9%
Forward guidance
Looking ahead to the remainder of 2020, downside risks remain from the economic uncertainty and the significant pressure from low interest rates. Despite this, their underlying business remains strong, benefiting from the improving quality and efficiency of their operations and the level of the client experience.
Tailwinds
- Delivered solid results, with all of our Investment Services businesses demonstrating resilient fee performance.
- We are seeing momentum across most of our businesses as we continue to drive improved performance and capabilities across the company, and as we benefit from higher volumes and volatility versus a year ago
- Our underlying business remains strong, benefiting from the improving quality and efficiency of our operations and the level of the client experience.
- This should provide opportunities to deepen our relationships with clients.
- Our clients, communities and society at large can continue to rely on BNY Mellon to be a trusted steward.
Headwinds
- Downside risks remain from the economic uncertainty
- Significant pressure from low interest rates
- Impact of the lower interest rate environment
- Higher allowance for credit losses
- Faced with the gravity of a global pandemic and with societal unrest spurred by racial injustice.
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 Q2 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
| Quarter | Report date | Reaction (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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