Bank of New York Mellon Corp

BK: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$95.00	Qrdv	Pgjllln

BNY Mellon Earnings: Solid Quarter and Decent Outlook Particularly on Expenses

Rajiv Bhatia

Jan 12, 2024

Wide-moat-rated BNY Mellon reported solid core results excluding some notable items. Excluding notable items, revenue of $4.46 billion beat the FactSet consensus estimate of $4.30 billion. As we tweak our model, we are maintaining our fair value estimate of $56 per share and regard shares as roughly fairly valued.

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