NYSE$BK

Bank of New York Mellon Corp · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Reported fourth quarter earnings with revenue up 4% and EPS up 28%.

BNY Mellon reported a solid fourth quarter in 2021, with total revenue of $4.0 billion, a 4% increase, and earnings per share of $1.01, a 28% increase. The company's AUC/A increased by 14% to $46.7 trillion and AUM increased by 10% to $2.4 trillion.

  • Total revenue increased by 4%, driven by higher fee revenue.
  • Diluted earnings per share increased by 28% year-over-year.
  • AUC/A increased by 14% to $46.7 trillion.
  • AUM increased by 10% to $2.4 trillion.

Headline financials

Total Revenue

$4.02B

Previous: $3.9B+2.8%
EPS (adj)

$1.04

Previous: $0.96+8.3%
Assets under custody/admin

$46.7T

Previous: $41.1T+13.6%
Assets under management

$2.4T

Previous: $2.2T+9.1%
Capital Expenditures

$374M

Previous: $266M+40.6%
Free Cash Flow

$2.76B

Previous: -$1.13B+343.6%
Net Income

$869M

Previous: $755M+15.1%
Operating Income

$1.07B

Previous: $903M+17.9%
Gross Profit

$3.94B

Previous: $3.77B+4.6%
Cash & Equivalents

$6.06B

Previous: $6.25B-3.1%
Total Assets

$444B

Previous: $470B-5.4%

Revenue & EPS history

BNY Mellon · Revenue · Quarterly

$4.02B

Q4 2021+2.8%vs Q4 2020
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

BNY Mellon · $3.01B total across 5 segments · Q3 2021

  • Asset Servicing
    $1.44B+6.1%
  • Pershing
    $566M+5.2%
  • Issuer Services
    $400M-8.0%
  • Payments and Trade
    $326M+0.9%
  • Clearance & Collateral Mgmt
    $281M

Forward guidance

The company expects double-digit EPS growth as they are determined to continue delivering consistent organic growth which, together with the current expectation for higher rates, should allow them to generate positive operating leverage, while at the same time continue investing in the growth and efficiency of their businesses.

Tailwinds

  • Expect double-digit EPS growth.
  • Continue delivering consistent organic growth.
  • Expectation for higher rates.
  • Generate positive operating leverage.
  • Continue investing in the growth and efficiency of our businesses

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 Q4 2021

Historical avgQ4 2021

+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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