BNY reported Q3 GAAP EPS of $2.34, adjusted EPS of $2.37, above the $2.27 consensus. Revenue of $5.68 billion beat the $5.55 billion estimate, up 12% year over year. Net interest income rose 15% to $1.42 billion. The provision for credit losses was $1 million. CET1 ratio was 10.9%.
Q3 GAAP EPS $2.34, adjusted EPS $2.37 vs estimate $2.27
Revenue $5.68B vs estimate $5.55B, +12% YoY
Net interest income $1.42B, +15% YoY
Fee revenue $4.08B, +12% YoY
Provision for credit losses $1M
CET1 ratio 10.9%, Tier 1 leverage ratio 5.7%
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WHY IT MATTERS••••••••••Market transmission and exposed assetsBULL / BEAR CASE•••• / ••••Competing evidence, edited togetherNEWS ON PRICE••.•% reactionConfirmation versus SPY and sectorWHAT TO WATCH•• catalystsThe facts that can change the read
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