BNY's Q3 EPS rises on broad-based platform growth, client demand

Bank Of New York Mellon

15/10/2026 11:43

Overview
US custody bank's Q3 revenue grew 12% yr/yr, diluted EPS up 24% yr/yr
Company returned $1.4 bln to shareholders through dividends and share repurchases
Growth driven by broad-based platform expansion and healthy client demand

Outlook
Company did not provide specific financial guidance for future quarters or the full year

Result Drivers
CLIENT DEMAND - Co said client demand grew across products, segments and regions
NEW SOLUTIONS - Co launched several solutions during the qtr to meet emerging market needs
OPERATING LEVERAGE - Co said broad-based platform growth delivered significant operating leverage

Company press release: Full Story

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
 
$5.68 bln
 
Q3 EPS
 
$2.34
 
Q3 Net Interest Income
 
$1.42 bln
 
Q3 CET1 Capital Ratio
 
10.90%
 
Q3 Fee Revenue
 
$4.08 bln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 7 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the investment management & fund operators peer group is "buy"
Wall Street's median 12-month price target for Bank of New York Mellon Corp is $165.00, about 19.9% above its October 14 closing price of $137.64
The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 15 three months ago

Reuters Recommended Reads
Oct 14 - BlackRock draws $205 billion in client funds as quarterly profit beats estimates
Oct 14 - US banks post solid third-quarter loan growth, but face more competition for deposits

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Press Release https://www.sec.gov/Archives/edgar/data/1390777/000139077726000104/ex991_earningsreleasex3q26.htm
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)