BNY Q3 2024 diluted EPS rises 22% to $1.50; revenue up 5% to $4.6 billion
BNY reported third-quarter 2024 results on October 11, 2024, with diluted earnings per share of $1.50, up 22% from $1.23 a year earlier, and total revenue of $4.6 billion, up 5%. Net income applicable to common shareholders was $1.11 billion, down 3% from the second quarter, and the company returned $1,078 million to common shareholders.
- Diluted EPS was $1.50, up 22% year over year; excluding notable items, EPS was $1.52, up 20%.
- Total revenue was $4.6 billion, up 5% year over year; noninterest expense was $3.1 billion, flat year over year.
- Assets under custody and/or administration exceeded $50 trillion for the first time, reaching $52.1 trillion.
- Capital returned to common shareholders totaled $1,078 million, including $725 million of share repurchases and $353 million of dividends.