$BK (The Bank of New York Mellon Corporation)

$BK {{ '2016-04-21T12:23:01+0000' | timeago}} • Webcast

Banking company $BK said in 1Q16, operating earnings, adjusted for litigation and restructuring charges, was $0.74 per share, up 10% from 1Q15. Net interest revenue rose 5%. Total expenses were down 3% driven by business improvement processes. $BK generated about 250BP of positive operating leverage and pretax operating margin was 31%.

$BK {{ '2017-07-20T11:06:26+0000' | timeago}} • Announcement

$BK's Board approved quarterly dividend increase of 26% to $0.24 per share, payable on Aug. 11 to shareholders of record on Aug. 1. The board also approved the repurchase of up to $3.1Bil of common stock, including the repurchase of $500MM of common stock contingent upon a preferred stock issuance, over the next four quarters.

$BK {{ '2017-07-20T11:06:08+0000' | timeago}} • Announcement

$BK's asset under management for 2Q17 increased 6% to $1.77 trillion. This reflects higher market values and net inflows. Net long-term inflows of $3Bil reflecting inflows of liability-driven and fixed income investments. Net short-term inflows of $11Bil were a result of increased distribution through liquidity portals.

$BK {{ '2017-07-20T11:05:54+0000' | timeago}} • Announcement

$BK's net interest revenue for 2Q17 rose 8% from last year. This primarily reflects higher interest rates.  The year-over-year increase also reflects lower premium amortization, partially offset by lower interest-earning assets and higher average long-term debt.

$BK {{ '2017-07-20T11:05:44+0000' | timeago}} • Announcement

$BK's investment management and performance fees for 2Q17 increased 6% from last year. This was due to higher market values, money market fees and performance fees, offset by the unfavorable impact of a stronger U.S. dollar. On a constant currency basis, investment management and performance fees grew 9%.

$BK {{ '2017-07-20T11:05:31+0000' | timeago}} • Announcement

$BK's investment services fees for 2Q17 rose 4% from last year. This reflects growth in clearing services fees, net new business, including collateral management solutions, and higher equity market values, offset by the unfavorable impact of a stronger U.S. dollar.

$BK {{ '2017-07-20T11:04:26+0000' | timeago}} • Announcement

$BK reported a rise in 2Q17 earnings driven by revenue growth in both its investment management and investment services businesses as well as the more favorable rate environment. Net income rose to $926MM or $0.88 per share from $825MM or $0.75 per share last year. Revenue grew to $3.96Bil from $3.78Bil.

$BK {{ '2017-07-17T13:33:49+0000' | timeago}} • Announcement

$BK appointed Charles Scharf as CEO and a director, effective immediately, and will become Chairman of the Board effective Jan. 1, 2018. Gerald Hassell will continue to serve as Chairman through Dec. 31, 2017, working closely with Scharf to ensure a seamless transition of responsibilities.

$BK {{ '2017-04-20T12:55:27+0000' | timeago}} • Webcast

$BK is positive on the outlook for the investment services business. The investment services fee revenue growth was 4%. $BK believes the asset servicing business will benefit from the trends which are putting pressure on asset managers to transform their operating models. $BK also sees growth opportunities from technology solutions.

$BK {{ '2017-04-20T12:47:35+0000' | timeago}} • Webcast

$BK is seeing some sensitivity to interest rates. The deposit base has moved as the company had anticipated. While in 1Q17, on average, deposits were down about $15Bil, it has since moved up a bit and the company believes it will remain fairly steady. The beta is currently low but $BK believes it will move up as interest rates increase.

$BK {{ '2017-04-20T12:05:49+0000' | timeago}} • Announcement

$BK declared a quarterly common stock dividend of $0.19 per share. This cash dividend is payable on May 12, 2017 to shareholders as on May 2, 2017.

$BK {{ '2017-04-20T12:03:05+0000' | timeago}} • Announcement

Looking segment-wise, $BK's revenue from Investment Management was $963MM in 1Q17, an increase of 8% YoY, while that from Investment Services grew 3% to $2.8Bil. In other segments, revenue was down to $71MM, from $133MM in 1Q16.

$BK {{ '2017-04-20T11:50:56+0000' | timeago}} • Announcement

Banking company $BK posted a revenue of $3.8Bil in 1Q17, up 3%, riding on a 4% hike in investment services fees as well as investment management and performance fees. Net income applicable to common shareholders was $880MM, up from $804MM in 1Q16. EPS was up 14% to $0.83. Net interest revenue increased 3% to $792MM, due to higher interest rates.

$WFC {{ '2017-02-21T14:48:55+0000' | timeago}} • Announcement

$WFC elected Karen Peetz, retired president of $BK, and Ronald Sargent, retired chairman and CEO of $SPLS, as new independent directors. Peetz will serve on the Finance Committee and Sargent will serve on the Governance and Nominating Committee. Both new directors will also serve on the Human Resources Committee.

$AON {{ '2017-02-10T11:49:15+0000' | timeago}} • Announcement

$AON agreed to sell its benefits administration and HR BPO platform to $BK for cash consideration of $4.3Bil at closing and additional consideration of up to $500MM based on future performance. Total after-tax cash proceeds are expected to be about $3.0Bil. The transaction is expected to close by the end of 2Q17.

$BK {{ '2017-01-19T14:30:15+0000' | timeago}} • Webcast

$BK stated that 4Q16 operating revenue growth was about 2%. The negative currency impact, which was most significant in the investment management business, was about 200BP. The company would have seen operating revenue growth of about 4%, excluding this impact.

$BK {{ '2017-01-19T14:17:36+0000' | timeago}} • Webcast

$BK said the tax-advantaged investments come in the asset investment and other income line and they can be longer-term investments up to ten years. $BK believes it will be fully invested through 2017. These investments will generate a negative revenue on asset investment and other income but they provide a good return on an after-tax basis.

$BK {{ '2017-01-19T14:00:00+0000' | timeago}} • Webcast

$BK's investment and other income was $70MM in 4Q16, compared with $93MM in 4Q15 and $92MM in 3Q16. The year-over-year decrease reflects lower other income related to termination fees in the clearing business recorded in 4Q15, partially offset by higher income from corporate/bank-owned life insurance.

$BK {{ '2017-01-19T13:54:54+0000' | timeago}} • Webcast

In 4Q16, $BK’s asset servicing fees were up 3% YoverY and up slightly sequentially. The YoverY increase primarily reflects higher money market fees, net new business and higher equity market values, partially offset by the impact of a stronger US dollar and the downsizing of the UK retail transfer agency business.

$BK {{ '2017-01-19T13:48:59+0000' | timeago}} • Webcast

During 4Q16, $BK repurchased $848MM in shares and distributed $203MM in dividends. For full-year 2016, the company repurchased approx. $2.4Bil in shares and distributed nearly $780MM in common dividends.

$BK {{ '2017-01-19T13:35:37+0000' | timeago}} • Webcast

For full-year 2016, $BK’s total revenue was up slightly while total expense was down 3% resulting in nearly 300BP of positive operating leverage. Net interest revenue was up 4%. The company improved its pretax operating margin to 33% and return on tangible common equity was 21%.

Recent Transcripts

NTRS (Northern Trust Corporation)
Wednesday, July 19 2017 - 4:00pm
MTB (M&T Bank Corporation)
Wednesday, July 19 2017 - 2:00pm
USB (U.S. Bancorp)
Wednesday, July 19 2017 - 1:00pm
HAFC (Hanmi Financial Corporation)
Tuesday, July 18 2017 - 9:00pm
BAC (Bank of America Corporation)
Tuesday, July 18 2017 - 12:30pm
BLK (BlackRock, Inc.)
Monday, July 17 2017 - 12:30pm
JPM (JPMorgan Chase & Co.)
Friday, July 14 2017 - 12:30pm
BMO (Bank of Montreal)
Wednesday, May 24 2017 - 6:00pm
AFSI (AmTrust Financial Services, Inc.)
Monday, May 8 2017 - 9:30pm
ICE (Intercontinental Exchange, Inc.)
Wednesday, May 3 2017 - 12:30pm
AMG (Affiliated Managers Group Inc.)
Monday, May 1 2017 - 12:30pm
BEN (Franklin Resources, Inc.)
Friday, April 28 2017 - 3:00pm
SIVB (SVB Financial Group)
Thursday, April 27 2017 - 10:00pm
LM (Legg Mason Inc.)
Wednesday, April 26 2017 - 9:00pm
COF (Capital One Financial Corporation)
Tuesday, April 25 2017 - 9:00pm
BHLB (Berkshire Hills Bancorp Inc.)
Tuesday, April 25 2017 - 2:00pm
NTRS (Northern Trust Corporation)
Tuesday, April 25 2017 - 2:00pm
TSC (Tristate Capital Holdings, Inc.)
Friday, April 21 2017 - 12:30pm
KEY (KeyCorp.)
Thursday, April 20 2017 - 1:00pm
BK (The Bank of New York Mellon Corporation)
Thursday, April 20 2017 - 12:00pm

AlphaGraphics you may like