BNY Q2 diluted EPS rises 16% to $1.52 as total revenue increases 2%
BNY reported second-quarter 2024 results on July 12, 2024, with diluted earnings per share of $1.52, up 16% from a year earlier, and total revenue of $4.6 billion, up 2%. Excluding notable items, EPS was $1.51, up 9%. The company also raised its common dividend by 12% after the Federal Reserve's 2024 stress test, and returned $923 million to common shareholders in the quarter.
- Diluted EPS of $1.52, up 16% year over year; $1.51 excluding notable items, up 9%
- Total revenue of $4.6 billion, up 2%; noninterest expense of $3.1 billion, down 1%
- Returned $923 million to common shareholders: $322 million in dividends and $601 million in share repurchases
- Common dividend increased 12% starting in the second quarter; CET1 ratio of 11.4% versus 10.8% at March 31, 2024