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The Bank of New York Mellon Corporation Message Board

  • bluecheese4u bluecheese4u Jan 16, 2013 8:03 AM Flag

    BNY Mellon Reports Fourth Quarter Earnings Of $622 Million Or $0.53 Per Common Share

    BNY Mellon Reports Fourth Quarter Earnings Of $622 Million Or $0.53 Per Common Share
    Investment Management and Performance Fees Up 17% Year-Over-Year

    Assets Under Management Up 10% Year-Over-Year

    Net Long-Term Inflows of $56 Billion Over Last 12 Months, $14 Billion in 4Q12
    Assets Under Custody/Administration Up 9% Year-Over-Year

    New Wins of $1.5 Trillion Over Last 12 Months, $190 Billion in 4Q12
    Estimated Basel III Tier 1 Common Equity Ratio 9.8% (a)

    Return on Tangible Common Equity 19% (a)

    Repurchased 49.8 Million Common Shares for $1.1 Billion in 2012

    NEW YORK, January 16, 2013 — The Bank of New York Mellon Corporation ("BNY Mellon") (NYSE: BK) today reported fourth quarter net income applicable to common shareholders of $622 million, or $0.53 per diluted common share, compared with $505 million, or $0.42 per diluted common share, in the fourth quarter of 2011 and $720 million, or $0.61 per diluted common share, in the third quarter of 2012.

    "We are pleased to report strong year-over-year growth in fees in our Investment Management, Asset Servicing, Clearing and Treasury Services businesses. We benefited from the improvement in market values and, more importantly, from our relentless focus on generating organic growth with our broad client base. We are also driving our operational excellence initiatives to improve our efficiency and help mitigate the impact on our high margin revenues due to the low interest rate environment and tepid capital markets activity. Our balance sheet and capital ratios strengthened in 2012 even after giving effect to the repurchase of approximately $1.1 billion of our common shares in 2012," said Gerald L. Hassell, chairman and chief executive officer of BNY Mellon.

    "I wish to thank all of my colleagues across the company for their tremendous dedication and ongoing focus on improving our performance, delivering excellence to our clients and creating shareholder value," added Mr. Hassell.

    Net income applicable to common shareholders totaled $2.427 billion, or $2.03 per diluted common share, for the full-year 2012 compared with $2.516 billion, or $2.03 per diluted common share, for the full-year 2011.

    bnymellonDOTmediaroomDOTcom/indexDOTphp?s=43&item=2075

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