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The Bank Of New York Mellon Corporation  (BK)
Other Ticker:  
 
    Sector  Financial    Industry Regional Banks
   Industry Regional Banks
   Sector  Financial
 

BK's Operating Income Growth by Quarter and Year

The Bank Of New York Mellon's Operating Income results by quarter and year




BK Operating Income (in millions $) FY 2023 FY 2022 FY 2021 FY 2020
IV Quarter December - 685.00 1,097.00 1,130.00
III Quarter September 1,282.00 630.00 1,268.00 1,127.00
II Quarter June 1,338.00 1,095.00 1,153.00 1,265.00
I Quarter March 1,236.00 918.00 862.00 1,805.00
FY   3,856.00 3,328.00 4,380.00 5,327.00



BK Operating Income third quarter 2023 Y/Y Growth Comment
The Bank Of New York Mellon Corporation achieved in the third quarter 2023, above Company average Operating Income surge of 103.49% year on year, to $ 1,282.00 millions.

Looking into third quarter 2023 results within Regional Banks industry 6 other companies have achieved higher Operating Income growth. While The Bank Of New York Mellon Corporation' s Operating Income doubling of 103.49% ranks overall at the positon no. 194 in the third quarter 2023.

Explain Operating Income growth


BK Operating Income ( Y/Y Growth %) 2023
2022 2021 2020
IV Quarter December - -37.56 % -2.92 % -11.99 %
III Quarter September 103.49 % -50.32 % 12.51 % -11.61 %
II Quarter June 22.19 % -5.03 % -8.85 % 8.4 %
I Quarter March 34.64 % 6.5 % -52.24 % 72.89 %
FY   - -24.02 % -17.78 % 11.68 %

Financial Statements
The Bank Of New York Mellon's third quarter 2023 Operating Income $ 1,282.00 millions BK's Income Statement
The Bank Of New York Mellon's third quarter 2022 Operating Income $ 630.00 millions Quarterly BK's Income Statement
New: More BK's historic Operating Income Growth >>


BK Operating Income (Quarter on Quarter Growth %)

2023
2022 2021 2020
IV Quarter December - 8.73 % -13.49 % 0.27 %
III Quarter September -4.19 % -42.47 % 9.97 % -10.91 %
II Quarter June 8.25 % 19.28 % 33.76 % -29.92 %
I Quarter March 80.44 % -16.32 % -23.72 % 40.58 %
FY (Year on Year)   - -24.02 % -17.78 % 11.68 %




Operating Income third quarter 2023 Y/Y Growth Company Ranking
Within: No.
Regional Banks Industry #7
Financial Sector #54
Overall #194

Operating Income Y/Y Growth Statistics
High Average Low
111.85 % 0.88 % -100 %
(Sep. 30, 2007)   (Dec 31 2015)
Operating Income third quarter 2023 Y/Y Growth Company Ranking
Within: No.
Regional Banks Industry #7
Financial Sector #54
Overall #194
Operating Income Y/Y Growth Statistics
High Average Low
111.85 % 0.88 % -100 %
(Sep. 30, 2007)   (Dec 31 2015)

Operating Income by Quarter for the Fiscal Years 2020, 2021, 2022, 2023

The Bank Of New York Mellon's Q/Q Operating Income Growth


Operating Income Q/Q Growth Statistics
High Average Low
104.93 % 2.4 % -100 %
(Sep. 30, 2014)  


BK's III. Quarter Q/Q Operating Income Comment
In the III. Quarter 2023 The Bank Of New York Mellon Corporation disclosed fall in Operating Income from the previous quarter by -4.19% to $ 1,282.00 millions, from $ 1,338.00 millions released in the previous quarter.

It's not huge concern, as III. Quarter Operating Income generally seem to dip in this quarter.

Within Regional Banks industry 117 other companies have achieved higher Operating Income quarter on quarter growth. While The Bank Of New York Mellon's Operating Income growth quarter on quarter, overall rank is 1310.


Operating Income Q/Q Growth Company Ranking
Within: No.
Regional Banks Industry #118
Financial Sector #412
Overall #1310
Operating Income Q/Q Growth Company Ranking
Within: No.
Regional Banks Industry #118
Financial Sector #412
Overall #1310
Operating Income Q/Q Growth Statistics
High Average Low
104.93 % 2.4 % -100 %
(Sep. 30, 2014)  


BK's III. Quarter Q/Q Operating Income Comment
In the III. Quarter 2023 The Bank Of New York Mellon Corporation disclosed fall in Operating Income from the previous quarter by -4.19% to $ 1,282.00 millions, from $ 1,338.00 millions declared in the previous quarter.

It's not important problem, as Operating Income generally seem to dip in the III. Quarter Nathan  M. Clarke, an industry contributor wrote.

Within Regional Banks industry 117 other companies have achieved higher Operating Income quarter on quarter growth. While The Bank Of New York Mellon's Operating Income growth quarter on quarter, overall rank is 1310.


The Bank Of New York Mellon's 12 Months Operating Income Growth Year on Year


Operating Income TTM Growth

12 Months Ending
(Sep 30 2023)
12 Months Ending
(Jun 30 2023)
12 Months Ending
(Mar 31 2023)
12 Months Ending
(Dec 31 2022)
12 Months Ending
(Sep 30 2022)
Cumulative Operating Income 12 Months Ending $ 4,541.00 $ 3,889.00 $ 3,646.00 $ 3,328.00 $ 3,740.00
Y / Y Operating Income Growth (TTM) 21.42 % -11.17 % -17.81 % -24.02 % -15.25 %
Year on Year Operating Income Growth Overall Ranking # 968 # 690 # 964 # 1325 # 1384
Seqeuential Operating Income Change (TTM) 16.77 % 6.66 % 9.56 % -11.02 % -14.57 %
Seq. Operating Income Growth (TTM) Overall Ranking # 962 # 754 # 960 # 1051 # 1841




Cumulative Operating Income growth Comment
The Bank Of New York Mellon saw improvement in Operating Income growth trend, posting cumulative 12 months Operating Income growth of 21.42% year on year, to $ 4,541 millions if the fiscal year would have ended in Sep 30 2023.
The Bank Of New York Mellon's trailing twelve months Operating Income growth was higher than company's average -13.42% and higher than -11.17% growth in Jun 30 2023.
But from twelve months ended Jun 30 2023 increase was less at 16.77 % from $3889 millions recorded in twelve months ending a quarter Jun 30 2023 Nathan  M. Clarke continued.
In spite of, it was evidence of strength, while the usual sequential advancement lays at -13.42%.
The momentum was even more impressive from the previous reporting period showed at 16.77 % rise from $3889 millions in twelve months ending a quarter before.

In the Financial sector 278 other companies have achieved higher trailing twelve month Operating Income growth. While Operating Income growth total ranking has deteriorated compare to previous quarter from 690 to 968.

Operating Income TTM Q/Q Growth Statistics
High Average Low
115.67 %
-13.42 %
-237.02 %
 

Operating Income TTM Y/Y Growth Company Ranking
Within: No.
Regional Banks Industry # 68
Financial Sector # 279
Overall # 968

Operating Income TTM Y/Y Growth Statistics
High Average Low
115.67 %
-13.42 %
-237.02 %
 


Operating Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 68
Sector # 277
S&P 500 # 962
Cumulative Operating Income growth Comment
The Bank Of New York Mellon saw improvement in Operating Income growth trend, posting cumulative 12 months Operating Income growth of 21.42% year on year, to $ 4,541 millions if the fiscal year would have ended in Sep 30 2023.
The Bank Of New York Mellon's trailing twelve months Operating Income growth was higher than company's average -13.42% and higher than -11.17% growth in Jun 30 2023.
But sequential rise was slower at 16.77 % from $3889 millions reported in twelve months ending a quarter Jun 30 2023.
Yet it was confirmation of convincing trend, as the average Q/Q TTM Operating Income gain stands at -13.42%.
The growth was much higher from the previous reporting period exhibited at 16.77 % rise from $3889 millions in twelve months ending a quarter before.

In the Financial sector 278 other companies have achieved higher trailing twelve month Operating Income growth. While Operating Income growth total ranking has deteriorated compare to previous quarter from 690 to 968.

Operating Income TTM Q/Q Growth Statistics
High Average Low
115.67 %
-13.42 %
-237.02 %
 


Operating Income TTM Y/Y Growth Company Ranking
Within: No.
Regional Banks Industry # 68
Financial Sector # 279
Overall # 968

Operating Income TTM Y/Y Growth Statistics
High Average Low
115.67 %
-13.42 %
-237.02 %
 


Operating Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 68
Sector # 277
S&P 500 # 962




Other Operating Income Growth
Regional Banks Industry Operating Income Growth Trends and Statistics
Financial Sector Operating Income Growth Statistics
Operating Income Growth Trends for overall market
BK's Operating Income Growth Ratio versus Regional Banks Industry, Financial Sector and total Market
Highest Ranking Operating Income Growth
Lowest Ranking Operating Income Growth
Operating Income Growth for BK's Competitors
Operating Income Growth for The Bank Of New York Mellon's Suppliers
Operating Income Growth for BK's Customers

You may also want to know
BK's Annual Growth Rates BK's Profitability Ratios BK's Asset Turnover Ratio BK's Dividend Growth
BK's Roe BK's Valuation Ratios BK's Financial Strength Ratios BK's Dividend Payout Ratio
BK's Roa BK's Inventory Turnover Ratio BK's Growth Rates BK's Dividend Comparisons



Companies with similar Operating Income fall for the quarter ending Sep 30 2023 within Financial SectorY/Y Change %Operating Income for the quarter ending Sep 30 2023
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Acres Commercial Realty Corp 117.07%$ 117.068 millions
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Sei Investments Company112.50%$ 112.499 millions
Equitable Financial Life Insurance Company110.79%$ 110.795 millions
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Cantor Fitzgerald Income Trust Inc 106.45%$ 106.454 millions
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Cvb Financial Corp 105.06%$ 105.057 millions
The Bank Of New York Mellon Corporation103.49%$ 103.492 millions
Wheeler Real Estate Investment Trust Inc 102.60%$ 102.596 millions
Federal Home Loan Bank Of Indianapolis95.74%$ 95.739 millions
Texas Capital Bancshares Inc95.69%$ 95.693 millions




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