Reported 1 day ago
BNY Mellon reported adjusted earnings of $1.72 per share for Q4 2024, surpassing expectations and representing a 33.3% year-over-year increase. The company's total revenue rose 11.2% to $4.85 billion, driven by higher fee income and improved assets under management (AUM) and assets under custody. BNY Mellon's AUM reached $2.03 trillion, marking a 3% increase from the previous year, while total fee revenues grew 9.3%. This strong performance led to an 8% spike in BNY Mellon’s stock during trading.
Source: YAHOO