The Bank of New York Mellon Corporation (BK) CEO Todd Gibbons on Q1 2022 Results - Earnings Call Transcript

The Bank of New York Mellon Corporation (NYSE:BK) Q1 2022 Earnings Conference Call April 18, 2022 8:00 AM ET

Company Participants

Marius Merz - Head, Investor Relations

Todd Gibbons - Chief Executive Officer

Robin Vince - President and Chief Executive Officer Elect

Emily Portney - Chief Financial Officer

Conference Call Participants

Brennan Hawken - UBS

Mike Mayo - Wells Fargo

Ken Usdin - Jefferies

Steven Chubak - Wolfe Research

Alex Blostein - Goldman Sachs

Ryan Kenny - Morgan Stanley

Brian Bedell - Deutsche Bank

Michael Brown - KBW

Gerard Cassidy - RBC

Operator

Good morning and welcome to the 2022 First Quarter Earnings Conference Call hosted by BNY Mellon. [Operator Instructions] Please note that this conference call and webcast will be recorded and will consist of copyrighted material. You may not record or rebroadcast these materials without BNY Mellon’s consent. I will now hand the call over to Marius Merz, BNY Mellon Head of Investor Relations. Please go ahead, sir.

Marius Merz

Thank you, operator. Good morning, everyone and welcome to our first quarter 2022 earnings call. Today, we will reference our financial highlights presentation, which can be found on the Investor Relations page of our website at bnymellon.com. I am joined by Todd Gibbons, our Chief Executive Officer; Robin Vince, President and CEO Elect; and Emily Portney, our Chief Financial Officer. Todd will provide introductory remarks and then Emily will take you through the earnings presentation. Following their remarks, there will be a Q&A session.

Before we begin, please note that our remarks include forward-looking statements and non-GAAP measures. Information about these statements and non-GAAP measures are available in the earnings press release, financial supplements and financial highlights presentation, all available on the Investor Relations page of our website. Forward-looking statements made on this call speak only as of today, April 18, 2022 and will not be updated.

With that, I will turn it over to Todd.

Todd Gibbons

Thank you, Marius and thank you everyone for joining us this morning. Referring to Slide 2 of our financial highlights presentation, we continue to see healthy underlying momentum across most of our businesses and reported revenue of $3.9 billion, which was roughly flat year-over-year and it was up 2% if you exclude the impact of government sanctions and the additional actions that were taken related to Russia.