Bank of New York Mellon Q3 2024 Adj. EPS $1.52 Beats $1.42 Estimate, Sales $4.650B Beat $4.542B Estimate
Portfolio Pulse from Benzinga Newsdesk
Bank of New York Mellon (NYSE:BK) reported Q3 2024 earnings of $1.52 per share, surpassing the $1.42 estimate and showing a 19.69% increase from last year. Sales reached $4.650 billion, beating the $4.542 billion estimate and marking a 6.36% increase from the previous year.
October 11, 2024 | 10:32 am
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Bank of New York Mellon reported Q3 2024 earnings of $1.52 per share, beating estimates by 7.04% and showing a 19.69% increase from last year. Sales also exceeded expectations, reaching $4.650 billion.
The company's earnings per share and sales both exceeded analyst expectations, indicating strong financial performance. The significant year-over-year growth in EPS and sales suggests positive momentum, likely leading to a short-term increase in stock price.
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