BNY-Mellon: EPS up 16% in Q2
(CercleFinance.com) - BNY-Mellon reports Q2 2024 net income that is up 10% to $1.
14bn, or $1.52 per share (+16%), with non-interest expenses that fell 1% to $3.07bn. NB: pmt +2.1%.
The financial institution's revenues rose 2% to $4.6bn, with 4% growth in fee and commission income more than offsetting a 6% decline in net interest income.
Excluding the impact of notable items, our EPS rose by 9% to $1.51, and we generated a tangible return on equity of 24% in Q2, adds CEO Robin Vince.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
14bn, or $1.52 per share (+16%), with non-interest expenses that fell 1% to $3.07bn. NB: pmt +2.1%.
The financial institution's revenues rose 2% to $4.6bn, with 4% growth in fee and commission income more than offsetting a 6% decline in net interest income.
Excluding the impact of notable items, our EPS rose by 9% to $1.51, and we generated a tangible return on equity of 24% in Q2, adds CEO Robin Vince.
Copyright (c) 2024 CercleFinance.com. All rights reserved.