Company Reports

The Bank of New York Mellon reported strong second-quarter results with 13% revenue growth and 7% adjusted expense growth. This led to 22% adjusted net income growth, with returns on tangible common equity rising to 31% versus 29% in the first quarter. Shares rose 3% in July 15 intraday trading.

With over $62 trillion in assets under custody or administration, Bank of New York Mellon is the largest custodian in the world. While core custody can be an undifferentiated offering, the firm's scale and client stickiness have helped generate double-digit returns on tangible equity.

The Federal Reserve released its annual stress test results on June 24. With stronger results than last year, albeit in a less severe scenario, shares of the 32 tested banks generally traded upward, though the movement was muted.

The Bank of New York Mellon Corporation reported solid first-quarter numbers, with 14% adjusted revenue growth, 5% expense growth, and a 29% return on tangible common equity, up from 27% in the fourth quarter and 24% in the year-ago quarter. Shares were up slightly in intraday trading on April 16.

With over $59 trillion in assets under custody or administration, Bank of New York Mellon is the largest custodian in the world. While core custody can be an undifferentiated offering, the firm's scale and client stickiness have helped generate double-digit returns on tangible equity.

The Bank of New York Mellon Corporation, or BNY, reported good fourth-quarter numbers, with 7% revenue growth, 4% adjusted expense growth, and 21% adjusted EPS growth. BNY gave its initial 2026 outlook and updated medium-term (3-year-5-year) targets. Shares were roughly flat on the print.

With over $59 trillion in assets under custody or administration, Bank of New York Mellon is the largest custodian in the world. While core custody can be an undifferentiated offering, the firm's scale and client stickiness have helped generate double-digit returns on tangible equity.

The Federal Reserve released a new proposal for the bank stress-test framework and 2026 stress-test scenarios on Oct. 24.

The Bank of New York Mellon reported 9% adjusted revenue growth (fee income up 6%, net interest income up 18%) and adjusted expense growth of 4% in the third quarter versus the year-ago quarter. As a result of this operating leverage, adjusted pretax income rose 21%.

With over $57 trillion in assets under custody or administration, Bank of New York Mellon is the largest custodian in the world. While core custody can be an undifferentiated offering, the firm's scale and client stickiness have helped generate double-digit returns on tangible equity.

With over $52 trillion in assets under custody or administration, Bank of New York Mellon is the largest custodian in the world. While core custody can be an undifferentiated offering, scale and the stickiness of clients have helped the firm generate double-digit returns on tangible equity.

Invesco filed a preliminary proxy on July 17 to shift its flagship QQQ exchange-traded fund, which tracks the Nasdaq-100 index, from a unit investment trust to an open-end fund. If shareholders approve, Bank of New York Mellon will still provide asset servicing but no longer be a trustee.

Bank of New York Mellon reported 9% revenue growth and 4% expense growth, resulting in 20% pretax income growth. The firm raised its net interest income outlook for 2025 to high-single-digit growth from mid-single-digit growth but also raised its expense outlook to about 3% from a range of 1% to 2%.

With over $52 trillion in assets under custody or administration, Bank of New York Mellon is the largest custodian in the world. While core custody can be an undifferentiated offering, scale and the stickiness of clients have helped the firm generate double-digit returns on tangible equity.

The Federal Reserve released its annual stress test results on Friday, June 27. With significantly stronger results compared with a year ago, the shares of the 22 tested institutions traded slightly higher in after hours trading.

The Federal Reserve, with the support of the Office of the Comptroller of the Currency and the Federal Deposit Insurance, released draft changes to the enhanced supplemental leverage ratio today. The Morningstar US Banks Index rose by 0.6% on the news, while the broader market was flat.

Driven by revenue growth and expense control, BNY's first-quarter adjusted pretax income grew 11% to $1.54 billion. The firm maintained its outlook of mid-single-digit growth in net interest income and adjusted expense growth of 1%-2% for full-year 2025.

With over $52 trillion in assets under custody or administration, Bank of New York Mellon is the largest custodian in the world. While core custody can be an undifferentiated offering, scale and the stickiness of clients have helped the firm generate double-digit returns on tangible equity.

With over $52 trillion in assets under custody or administration, Bank of New York Mellon is the largest custodian in the world. While core custody can be an undifferentiated offering, scale and the stickiness of clients have helped the firm generate double-digit returns on tangible equity.

BNY finished 2024 on a high note. Revenue (both fee and net interest income) exceeded our expectations even though adjusted expenses were a tad bit higher than our model. On a segment basis, securities services and market and wealth services came in stronger than our expectations while investment and wealth management was a tad bit lower. We attribute the positive market reaction to the wide-moat firm's guidance for net interest income, which is mid-single-digit percentage growth in 2025. As we incorporate these results, we expect to increase our fair value estimate of $70 per share in the range of 5%-15%.