Post-Earnings Review - Bank of NYSE Mellon

LONDON, February 9, 2015 /PRNewswire/ --

Investor-Edge.com has issued free post-earnings review on The Bank of New York Mellon Corp. (NYSE: BK). On January 23, 2015, the company reported its financial results for Q4 FY14 and full year FY14 (period ended December 31, 2014). Click on http://get.Investor-Edge.com/pdf/?c=Bank%20of%20NYSE%20Mellon&d=09-Feb-2015&s=BK to read our free earnings review on The Bank of New York Mellon Corporation (BNY Mellon). During Q4 FY14, the company's GAAP total revenue improved 2% Y-o-Y. BNY Mellon's non-GAAP diluted earnings per common share grew 7% Y-o-Y in the reported quarter and 5% Y-o-Y in FY14. Chairman and CEO of BNY Mellon, Gerald L. Hassell, stated that the company's Q4 and full-year results cap solid performance for its shareholders. Throughout 2014, the company demonstrated its focus on and commitment to controlling expenses to create positive operating leverage, strengthening capital position, and creating value for its clients and shareholders, he added. Our free coverage report can be accessed at:

http://get.Investor-Edge.com/pdf/?c=Bank%20of%20NYSE%20Mellon&d=09-Feb-2015&s=BK

Earnings Overview 

During Q4 FY14, BNY Mellon reported GAAP total revenue of $3.69 billion against GAAP total revenue $3.61 billion in Q4 FY13. The company's Q4 FY14 GAAP total revenue missed Bloomberg analysts' forecast of $3.81 billion. BNY Mellon's GAAP net interest revenue stood at $712 million in Q4 FY14, compared to $761 million in Q4 FY13. The company's GAAP noninterest expense fell to $2.75 billion from $2.88 billion in Q4 FY13. Free research on BK can be downloaded in PDF format at:

http://get.Investor-Edge.com/pdf/?c=Bank%20of%20NYSE%20Mellon&d=09-Feb-2015&s=BK

In Q4 FY14, BNY Mellon's assets under custody and/ or administration increased 3% Y-o-Y to $28.5 trillion, while assets under management grew 8% Y-o-Y to a record $1.71 trillion. The company provided for annualized return on common equity 8.7% and annualized non-GAAP return on tangible common equity of 19.5%, during Q4 FY14.

BNY Mellon's fully taxable equivalent net interest margin decreased to 0.91% in Q4 FY14 from 1.09% in Q4 FY13. Moreover, BNY Mellon's GAAP net income applicable to common shareholders improved to $807 million, or $0.70 per diluted common share, in Q4 FY14 from $513 million, or $0.44 per diluted common share, in Q4 FY13. Analysts from Bloomberg had expected GAAP net income applicable to common shareholders of $808 million, or $0.67 per diluted common share, in Q4 FY14. Sign up and read the free analyst's notes on BK at:

http://get.Investor-Edge.com/pdf/?c=Bank%20of%20NYSE%20Mellon&d=09-Feb-2015&s=BK

In FY14, BNY Mellon reported GAAP net income applicable to common shareholders of $3.09 billion, or $2.67 per diluted common share, compared to $2.04 billion, or $1.73 per diluted common share, in FY13. Bloomberg analysts estimated GAAP net income applicable to common shareholders of $3.05 billion, or $2.65 per diluted common share in FY14.

BNY Mellon's estimated Basel III common equity Tier 1 ratio, under advanced approach, was 11.6% as of December 31, 2014. In Q4 FY14, the company repurchased 11.0 million common shares for $432 million, aggregating the total repurchased shares to 46.2 million common shares for $1.7 billion in FY14.

On January 23, 2015, BNY Mellon announced a quarterly common stock cash dividend of $0.17 per share, which is payable on February 13, 2015 to its shareholders of record at the close of business on February 03, 2015. Visit Investor-Edge and access the latest research on BK at:

http://get.Investor-Edge.com/pdf/?c=Bank%20of%20NYSE%20Mellon&d=09-Feb-2015&s=BK

Moving ahead, Mr. Hassel informed that the company remains confident in its ability to execute its strategic priorities, which include increasing revenue, maintaining a strong capital position and delivering value-added solutions to its clients. He asserted that BNY Mellon also continues to focus on leveraging technology and operations innovations to drive continuous improvement in productivity and service quality while reducing costs and risk throughout the organization.

Stock Performance 

On the day of the earnings release, January 23, 2015, BNY Mellon's stock declined 4.70% to end the session at $36.90. Since then, the stock has moved both ways with gains outperforming losses. On the last close, Friday, February 06, 2015, the company's shares finished 1.96% higher at $38.47 after vacillating between $38.23 and $38.99. A total of 6.80 million shares were traded which was above its three months average volume of 4.99 million shares. Over the past one year, the company's shares have surged 21.01%. However, the stock has fallen by 1.54% over the last one month and 1.13% in the previous three months. Shares in BNY Mellon are trading above their 200-day moving average of $37.87. Furthermore, the stock traded at a PE ratio of 13.21.

Sneak Peek to Corporate Insider Trading 

In the last one month, there were four corporate insider transactions made by four individuals. Between January 28, 2015 and February 02, 2015, a total of 276,459 shares have been purchased at an average price of $36.63 per share and for a total value of $10.13 million. The following are the aforesaid transactions: on January 28, 2015, Edward P. Garden, Director at BNY Mellon, bought 273,000 shares at an average price of $36.63 per share. On February 02, 2015, Wesley W. von Schack, Director at BNY Mellon, purchased 1,413 shares at a price $36.67 per share.  Additionally, on the same day, Jeffrey A. Goldstein and John M. Hinshaw, Directors at BNY Mellon, bought 1,023 shares each, at a price of $36.67 per share. Complimentary in-depth research on BK is available at:

http://get.Investor-Edge.com/pdf/?c=Bank%20of%20NYSE%20Mellon&d=09-Feb-2015&s=BK

About Investor-Edge.com 

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