Analyst Consensus ?
ConsensusBuy29 ratings
Bullish1758.6%
Neutral1241.4%
Bearish00.0%
The Bank of New York Mellon Corporation · BK · FY2024 Q3 · Calendar Q4 2024
BNY posts strong Q3 growth as operating leverage holds
BNY's Q3 results support a constructive operating narrative: fee-related growth, higher market values and platform initiatives coincided with operating leverage. The main tests are sustaining expense discipline, navigating rate-sensitive net interest income and executing the Archer and platform integration plans.
Reported Before market openNYSEFinancial Services
$97.40B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$1.52
Consensus $1.42
EPS surprise
+7.0%
Reported versus consensus
Reported revenue
$10.22B
Consensus $4.54B
Revenue surprise
+125.3%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
-0.4%
Event window
SPY move
+0.6%
Same window
Abnormal move
-1.0%
Stock minus SPY
Volume
2.5×
Versus trailing sessions
Subsequent drift
+3.9%
Up to 20 sessions
BKSPY benchmark
Ask FN2 about BK FY2024 Q3
Transcript, numbers and history already loaded
Why did BK fall 0.4% after beating EPS estimates in FY2024 Q3?What changed in BK's guidance and outlook in FY2024 Q3?Give me the bull and bear case for BK after FY2024 Q3 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
The quarter added evidence of continued operating leverage and scale: revenue grew 5% year over year, EPS rose 22%, assets under custody and administration passed $50 trillion, and management introduced the Archer acquisition and Alts Bridge initiatives.
Guidance delta
Management guidance sentiment was maintained, including the plan for flat reported expenses and capital returns above 100% of earnings.
Key takeaways
- Revenue grew 5% year over year, while EPS increased 22% and the pre-tax margin was 33%.
- Assets under custody and administration reached $52.1 trillion, up 14% year over year.
- Management highlighted the Archer acquisition, platform rollout and AI hub investment as strategic initiatives.
Management priorities
- Close the Archer acquisition before year-end.
- Expand the platform operating model and Alts Bridge across wealth platforms.
- Continue AI hub investment and cross-selling through the One BNY model.
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Beat
Miss
Match
Analyst 52W Price Targets
$137.16Previous close
$48Low
$97.79Average
$149High
Latest persisted target per named analyst; persisted previous close from FN2's market snapshot as of May 22, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| JP Morgan | Overweight | Overweight | Maintain | May 11, 2026 |
| Truist Securities | Buy | Buy | Maintain | Apr 17, 2026 |
| RBC Capital | Sector Perform | Sector Perform | Maintain | Apr 17, 2026 |
| Morgan Stanley | Equal Weight | Equal Weight | Maintain | Apr 17, 2026 |
| Keefe, Bruyette & Woods | Outperform | Outperform | Maintain | Apr 17, 2026 |
| Evercore ISI Group | In Line | In Line | Maintain | Apr 17, 2026 |
| Barclays | Overweight | Overweight | Maintain | Apr 17, 2026 |
| Wells Fargo | Equal Weight | Equal Weight | Maintain | Jan 14, 2026 |
| Citigroup | Neutral | Neutral | Maintain | Jan 14, 2026 |
| TD Cowen | Buy | Buy | Maintain | Jan 7, 2026 |
| Goldman Sachs | Buy | Buy | Maintain | Oct 6, 2025 |
| UBS | Buy | Buy | Maintain | Jan 21, 2025 |
| Deutsche Bank | Buy | Buy | Maintain | Jan 16, 2025 |
| B of A Securities | Buy | Buy | Maintain | Jan 16, 2025 |
| Wolfe Research | Peer Perform | Outperform | Downgrade | Jan 3, 2025 |
| Jefferies | Buy | Buy | Maintain | Apr 18, 2024 |
| Credit Suisse | Outperform | Outperform | Maintain | Jul 19, 2022 |
| Piper Sandler | Neutral | Neutral | Maintain | Jun 24, 2022 |
| Seaport Global | Buy | Buy | Maintain | Jan 5, 2022 |
| Argus Research | Buy | Hold | Upgrade | Jul 20, 2021 |
| Buckingham Research | Neutral | Neutral | Maintain | Jan 17, 2020 |
| Raymond James | Strong Buy | Outperform | Upgrade | Dec 28, 2016 |
| CLSA | Outperform | Outperform | Maintain | Sep 23, 2016 |
| Bernstein | Outperform | Market Perform | Upgrade | Aug 5, 2015 |
| Portales Partners | Sector Perform | Underperform | Upgrade | Apr 23, 2015 |
| Guggenheim | Buy | Buy | Maintain | Dec 3, 2013 |
| Nomura | Neutral | Neutral | Maintain | Jan 17, 2013 |
| ISI Group | Neutral | Neutral | Maintain | Jan 17, 2013 |
| Macquarie | Neutral | Outperform | Downgrade | Jan 14, 2013 |
Named analyst price targets
Upside is calculated against the persisted previous close $137.16. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| New Street | Analyst unavailable | $87 | $141.91 | -36.6% | Jul 10, 2026 |
| Truist Financial | Analyst unavailable | $148 | $135.09 | +7.9% | Apr 17, 2026 |
| Evercore ISI | Analyst unavailable | $136 | $135.16 | -0.8% | Apr 17, 2026 |
| Morgan Stanley | Analyst unavailable | $139 | $135.88 | +1.3% | Apr 17, 2026 |
| RBC Capital | Gerard Cassidy | $142 | $135.77 | +3.5% | Apr 17, 2026 |
| Barclays | Jason Goldberg | $149 | $134.84 | +8.6% | Apr 17, 2026 |
| Truist Financial | Analyst unavailable | $136 | $124.8 | -0.8% | Jan 14, 2026 |
| Morgan Stanley | Analyst unavailable | $132 | $123.72 | -3.8% | Jan 14, 2026 |
| New Street | David Konrad | $143 | $122.93 | +4.3% | Jan 14, 2026 |
| RBC Capital | Analyst unavailable | $130 | $122.93 | -5.2% | Jan 14, 2026 |
| Wells Fargo | Analyst unavailable | $122 | $122.93 | -11.1% | Jan 14, 2026 |
| Truist Financial | Analyst unavailable | $134 | $121.31 | -2.3% | Jan 7, 2026 |
| Barclays | Analyst unavailable | $143 | $117.04 | +4.3% | Jan 5, 2026 |
| Morgan Stanley | Analyst unavailable | $124 | $114.72 | -9.6% | Dec 17, 2025 |
| Morgan Stanley | Analyst unavailable | $118 | $104.21 | -14.0% | Oct 17, 2025 |
| Truist Financial | Analyst unavailable | $119 | $103.52 | -13.2% | Oct 17, 2025 |
| Wells Fargo | Analyst unavailable | $109 | $106.72 | -20.5% | Oct 17, 2025 |
| Goldman Sachs | Analyst unavailable | $126 | $106.72 | -8.1% | Oct 17, 2025 |
| Barclays | Analyst unavailable | $120 | $106.72 | -12.5% | Oct 17, 2025 |
| Truist Financial | Analyst unavailable | $118 | $106.83 | -14.0% | Oct 2, 2025 |
| Evercore ISI | Glenn Schorr | $110 | $109.75 | -19.8% | Sep 30, 2025 |
| Morgan Stanley | Analyst unavailable | $116 | $109.53 | -15.4% | Sep 29, 2025 |
| Truist Financial | David Smith | $109 | $102.89 | -20.5% | Aug 14, 2025 |
| Morgan Stanley | Betsy Graseck | $93 | $77.67 | -32.2% | Apr 13, 2025 |
| Morgan Stanley | Betsy Graseck | $90 | $76.58 | -34.4% | Jan 3, 2025 |
| Evercore ISI | Glenn Schorr | $79 | $77.41 | -42.4% | Jan 2, 2025 |
| New Street | Betsy Graseck | $94 | $80.51 | -31.5% | Dec 9, 2024 |
| Seaport Global | Jim Mitchell | $83 | $75.64 | -39.5% | Oct 14, 2024 |
| New Street | Brian Bedell | $82 | $74.15 | -40.2% | Oct 14, 2024 |
| New Street | Jason Goldberg | $86 | $74.15 | -37.3% | Oct 14, 2024 |
| New Street | Vivek Juneja | $77 | $74.15 | -43.9% | Oct 14, 2024 |
| Deutsche Bank | Brian Bedell | $80 | $71.82 | -41.7% | Sep 23, 2024 |
| New Street | Brian Bedell | $80 | $71.82 | -41.7% | Sep 23, 2024 |
| Morgan Stanley | Betsy Graseck | $65 | $64.69 | -52.6% | Jul 15, 2024 |
| UBS | Brennan Hawken | $62 | $61.3 | -54.8% | Jul 11, 2024 |
| New Street | David Konrad | $70 | $59.42 | -49.0% | Jun 27, 2024 |
| Argus Research | Stephen Biggar | $67 | $54.46 | -51.2% | Apr 18, 2024 |
| New Street | Ebrahim Poonawala | $66 | $54 | -51.9% | Apr 17, 2024 |
| New Street | Kenneth Leon | $63 | $54 | -54.1% | Apr 16, 2024 |
| New Street | Brian Bedell | $59 | $56.77 | -57.0% | Apr 5, 2024 |
| Seaport Global | Jim Mitchell | $70 | $57.66 | -49.0% | Apr 4, 2024 |
| New Street | Betsy Graseck | $62 | $56.04 | -54.8% | Jan 30, 2024 |
| Wells Fargo | Analyst unavailable | $46 | $41.68 | -66.5% | Jul 1, 2022 |
| Piper Sandler | Analyst unavailable | $48 | $42 | -65.0% | Jun 24, 2022 |
| RBC Capital | Gerard Cassidy | $56 | $43.3 | -59.2% | Apr 25, 2022 |
| New Street | Analyst unavailable | $51.5 | $46.52 | -62.5% | Apr 19, 2022 |
| New Street | Analyst unavailable | $55 | $46.6 | -59.9% | Apr 19, 2022 |
| New Street | Analyst unavailable | $54 | $46.56 | -60.6% | Apr 19, 2022 |
| New Street | Analyst unavailable | $68 | $46.41 | -50.4% | Apr 19, 2022 |
| New Street | Analyst unavailable | $56 | $46.49 | -59.2% | Apr 19, 2022 |
| Citigroup | Keith Horowitz | $50 | $48.07 | -63.5% | Apr 11, 2022 |
| Deutsche Bank | Brian Bedell | $62 | $48.07 | -54.8% | Apr 11, 2022 |
| J.P. Morgan | Vivek Juneja | $59 | $47.76 | -57.0% | Apr 7, 2022 |
| Morgan Stanley | Betsy Graseck | $58 | $49.45 | -57.7% | Apr 2, 2022 |
| Evercore ISI | Glenn Schorr | $68 | $58.89 | -50.4% | Jan 19, 2022 |
| Jefferies | Ken Usdin | $72 | $62.55 | -47.5% | Jan 18, 2022 |
| KBW | Michael Brown | $70 | $62.43 | -49.0% | Jan 10, 2022 |
| Barclays | Jason Goldberg | $74 | $58.17 | -46.0% | Jan 3, 2022 |
| Citigroup | Keith Horowitz | $70 | $59.02 | -49.0% | Oct 22, 2021 |
| Argus Research | Stephen Biggar | $55 | $48.54 | -59.9% | Jul 20, 2021 |
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Start freeCompany context
Snapshot as of publicationThe Bank of New York Mellon Corporation provides a range of financial products and services in the United States and internationally. It operates through Securities Services, Market and Wealth Services, Investment and Wealth Management, and Other segments. The Securities Services segment offers custody, trust and depositary, accounting, exchange-traded funds, middle-office solutions, transfer agency, services for private equity and real estate funds, foreign exchange, securities lending, liquidity/lending services, and data analytics. This segment also provides trustee, paying agency, fiduciary, escrow and other financial, issuer, and support services for brokers and investors. The Market and Wealth Services segment offers clearing and custody, investment, wealth and retirement solutions, technology and enterprise data management, trading, and prime brokerage services.…
Historical context
All BK earningsFinancial Services peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| FDS FactSet Research Systems Inc. | FY2026 Q4 · Calendar Q3 2026 | +3.9% | +3.8% | FactSet reports record FY26 results as AI and MCP adoption accelerate |
| PUK Prudential plc | FY2026 Q2 · Calendar Q3 2026 | -40.9% | -0.5% | Prudential sustains growth and capital returns focus in H1 2026 |
| CM Canadian Imperial Bank of Commerce | FY2026 Q3 · Calendar Q3 2026 | +8.9% | -2.8% | CIBC Q3: Broad growth, resilient credit and expanded AI rollout |
| TD The Toronto-Dominion Bank | FY2026 Q3 · Calendar Q3 2026 | +13.8% | +1.4% | TD emphasizes growth investments alongside disciplined capital management |
Latest beats and misses
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Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2024-10-17T05:10:49.140638+00:00
- Polygon adjusted daily market bars · 2026-10-12T16:40:41.892672+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-12T16:40:41.889934+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-12. For educational purposes only; not investment advice.