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Chris Rycroft via flickr
The bank announced a net income of $1.15 billion, or $1.58 per share, for the January-March quarter, an increase from $953 million, or $1.25 per share, in the same period last year. The modified amount rose to $1.58 per share, up from $1.29.
Income increased by 6% to reach $4.79 billion.
Analysts polled by FactSet projected the bank's adjusted earnings to be $1.50 per share, with revenues reaching $4.76 billion.
BNY Mellon's net interest income increased by 11% to reach $1.16 billion in the last quarter. Fee revenue increased by 3% to reach $3.4 billion.
At the end of March, assets under management amounted to $2.01 trillion, down from $2.02 trillion a year prior. Assets held in BNY Mellon's custody accounts increased by 9% to reach $53.1 trillion.
At the end of March, the bank's Common Equity Tier 1 (CET1) capital adequacy ratio was 11.5%, compared to 10.8% the previous year.
Last quarter, the bank distributed $1.1 billion to its shareholders, which included $343 million in dividends and $746 million spent on share buybacks.
source: bloomberg.com
Income increased by 6% to reach $4.79 billion.
Analysts polled by FactSet projected the bank's adjusted earnings to be $1.50 per share, with revenues reaching $4.76 billion.
BNY Mellon's net interest income increased by 11% to reach $1.16 billion in the last quarter. Fee revenue increased by 3% to reach $3.4 billion.
At the end of March, assets under management amounted to $2.01 trillion, down from $2.02 trillion a year prior. Assets held in BNY Mellon's custody accounts increased by 9% to reach $53.1 trillion.
At the end of March, the bank's Common Equity Tier 1 (CET1) capital adequacy ratio was 11.5%, compared to 10.8% the previous year.
Last quarter, the bank distributed $1.1 billion to its shareholders, which included $343 million in dividends and $746 million spent on share buybacks.
source: bloomberg.com
