Bank of New York Mellon Corp. has published data on its earnings for the first quarter of 2025, which showed growth.
The profit of the mentioned financial institution for January-March of the current year was recorded at the $1.15 billion mark. This indicator showed an increase of 21% compared to the reading for the first quarter of 2024. It is worth noting that the mentioned result coincided with the preliminary expectations of analysts interviewed by the media.
The financial institution’s revenue for the first quarter of 2025 was recorded at the $4.97 billion mark. This indicator showed an increase of 6% compared to the reading for the same period in 2024.
The financial institution’s net interest income rose by 11% year-on-year in the first quarter of 2025.
It is worth noting that these results do not reflect the market tumult that has been observed since the President of the United States, Donald Trump, announced reciprocal tariffs affecting almost all countries of the world. The mentioned measures of Washington’s trade policy were announced on April 2. Against this background, a slump in stocks began.
BNY chief executive officer Robin Vince stated that looking ahead, the bank is prepared for a wide range of macroeconomics and market scenarios as the outlook for the operating environment is becoming more uncertain.
The financial institution also published information according to which assets under custody exceeded $53 trillion. In the first quarter of 2025, the financial institution had about $142 billion of investment securities on its balance sheet. This indicator grew by 6% year-on-year.
As we have reported earlier, JPMorgan Tops Quarterly Expectations.
