BNY reported solid third-quarter results, with 12% revenue growth and 8% expense growth leading to 24% net income growth. Returns on tangible common equity were 29%, down from 31% in the second quarter but still very strong.
BNY may not be done with expense control, and expenses may last longer than expected.
Fee compression and lower margins in asset management will result in asset managers being more conscious of their costs and lead to pricing pressure, which has eased up in recent years.
|
Metric
|
BNY
|
STT
|
JPM
|
|---|---|---|---|
Price/Earnings (Normalized) | 16.31 | 13.95 | 13.95 |
Price/Book Value | 2.53 | 1.89 | 2.54 |
Price/Sales | 4.74 | 3.11 | 4.58 |
Price/Cash Flow | 13.00 | 10.16 | 10.32 |
|
Metric
|
BNY
|
STT
|
JPM
|
|---|---|---|---|
Quick Ratio | — | — | — |
Current Ratio | — | — | — |
Interest Coverage | — | — | — |
|
Metric
|
BNY
|
STT
|
JPM
|
|---|---|---|---|
Return on Assets (Normalized) | — | — | — |
Return on Equity (Normalized) | — | — | — |
Return on Invested Capital (Normalized) | — | — | — |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
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JPM
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RY
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| The Toronto-Dominion Bank
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| Citigroup Inc
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| UBS Group AG Registered Shares
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United States