Bank of New York Mellon (NYSE:BNY) Announces Quarterly Earnings Results, Beats Estimates By $0.30 EPS

Bank of New York Mellon (NYSE:BNY) posted its quarterly earnings results on Wednesday. The bank reported $2.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.16 by $0.30, FiscalAI reports. The company had revenue of $5.70 billion during the quarter, compared to analyst estimates of $5.35 billion. Bank of New York Mellon had a net margin of 15.52% and a return on equity of 16.00%. Bank of New York Mellon’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same period last year, the firm posted $1.93 EPS.

Here are the key takeaways from Bank of New York Mellon’s conference call:

• BNY delivered strong second-quarter results, with EPS up 27% year over year to $2.45 and revenue up 13% to a record $5.7 billion. The company also reported 40% pre-tax margin, 31% ROTCE, and roughly 600 basis points of positive operating leverage.
• Management raised full-year 2026 guidance, now expecting revenue ex-notables to grow 10%-11% and net interest income to rise 12%-13%. BNY also boosted its expected expense growth to 6%-7%, while still calling for about 400 basis points of positive operating leverage.
• Commercial momentum remains strong, with 14 consecutive quarters of year-over-year sales growth, two straight record sales quarters this year, and average deal size up more than 20%. About 10% of deals came from clients entirely new to BNY, indicating continued franchise expansion.
• Several businesses showed broad-based growth, including Securities Services revenue up 15% and Market and Wealth Services revenue up 12%, with especially strong performance in issuer services, clearance and collateral management, and wealth solutions. BNY said integrated offerings and cross-selling across platforms are helping win larger mandates.
• BNY is investing heavily in AI and digital assets as part of its long-term strategy, but management framed these as multi-year opportunities rather than near-term profit drivers. The company said AI is already creating capacity and improving workflows, while its expanded Circle relationship and the Trump Accounts mandate highlight its push into “always-on” financial infrastructure.

Bank of New York Mellon Price Performance

Shares of Bank of New York Mellon stock opened at $160.73 on Friday. The business has a 50 day simple moving average of $143.41 and a two-hundred day simple moving average of $129.56. Bank of New York Mellon has a 12 month low of $95.13 and a 12 month high of $163.77. The stock has a market capitalization of $110.32 billion, a P/E ratio of 18.71, a PEG ratio of 1.19 and a beta of 1.07. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.72 and a quick ratio of 0.75.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on BNY shares. Wells Fargo & Company increased their price target on Bank of New York Mellon from $152.00 to $162.00 and gave the stock an “equal weight” rating in a research report on Thursday. Barclays lifted their price target on Bank of New York Mellon from $149.00 to $178.00 and gave the company an “overweight” rating in a research report on Thursday. Truist Financial increased their price target on shares of Bank of New York Mellon from $160.00 to $178.00 and gave the stock a “buy” rating in a report on Thursday. Erste Group Bank began coverage on Bank of New York Mellon in a research report on Wednesday. They set a “buy” rating on the stock. Finally, Keefe, Bruyette & Woods boosted their price objective on Bank of New York Mellon from $166.00 to $177.00 and gave the company an “outperform” rating in a research report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, Bank of New York Mellon currently has a consensus rating of “Moderate Buy” and an average price target of $152.85.

Institutional Trading of Bank of New York Mellon

Several large investors have recently made changes to their positions in BNY. Van Diest Capital LLC purchased a new position in Bank of New York Mellon in the 4th quarter valued at $207,000. Compound Planning Inc. grew its holdings in shares of Bank of New York Mellon by 0.6% during the fourth quarter. Compound Planning Inc. now owns 41,356 shares of the bank’s stock worth $4,801,000 after buying an additional 227 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Bank of New York Mellon by 8.2% during the fourth quarter. Invesco Ltd. now owns 7,680,429 shares of the bank’s stock worth $891,621,000 after buying an additional 578,999 shares in the last quarter. Axxcess Wealth Management LLC lifted its stake in shares of Bank of New York Mellon by 2.4% in the fourth quarter. Axxcess Wealth Management LLC now owns 24,737 shares of the bank’s stock worth $2,872,000 after buying an additional 585 shares in the last quarter. Finally, Corient Private Wealth LLC boosted its position in Bank of New York Mellon by 32.3% during the fourth quarter. Corient Private Wealth LLC now owns 314,465 shares of the bank’s stock worth $36,506,000 after acquiring an additional 76,758 shares during the last quarter. 85.31% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Bank of New York Mellon

Here are the key news stories impacting Bank of New York Mellon this week:

• Positive Sentiment: BNY reported record Q2 revenue of $5.7 billion and EPS of $2.46, both above estimates, while fee income, net interest income, and assets under custody all improved. The company also raised its quarterly dividend by 19%, reinforcing confidence in capital returns.
• Positive Sentiment: Management boosted 2026 revenue guidance to $22.0 billion-$22.2 billion, signaling continued operating strength after back-to-back record quarters.
• Positive Sentiment: Multiple analysts turned more constructive, including Truist raising its target to $178 and keeping a Buy rating, while Barclays, KBW, RBC, and Wells Fargo also lifted price targets. Article: Analyst price target changes
• Neutral Sentiment: BNY priced a $500 million public offering of depositary shares representing preferred stock. The deal adds capital flexibility, but investors may view the new issuance as a modest near-term dilution/return drag. Article: BNY Announces Pricing of Public Offering
• Neutral Sentiment: Coverage remains broadly favorable, with new or reiterated analyst coverage pointing to the bank’s strong profitability and growth profile.
• Negative Sentiment: Some reports say the shares traded lower after the earnings release because the improved 2026 guidance fell short of the most optimistic expectations, suggesting the bar was high after the strong quarter.

Bank of New York Mellon Company Profile

BNY, formerly known as BNY Mellon, is a global financial services company headquartered in New York City. Formed in 2007 through the merger of the Bank of New York and Mellon Financial Corporation, BNY traces its roots back to 1784, making it one of the oldest banking institutions in the United States. It was also the first company listed on the New York Stock Exchange.

BNY operates at the center of the world’s capital markets, partnering with clients to help them operate more efficiently and accelerate growth.