BNY Mellon beats by $0.13, beats on revs (38.41)
- Reports Q3 (Sep) earnings of $1.21 per share, $0.13 better than the S&P Capital IQ Consensus of $1.08; revenues rose 6.0% year/year to $4.28 bln vs the $4.2 bln S&P Capital IQ Consensus.
- Q3 Net interest margin of 1.05% vs 0.89% in Q2
- Provision for credit losses was a benefit of $30 million, primarily reflecting reserve releases related to cash balances with exposure to Russia and a modest benefit from our commercial real estate portfolio.