BNY climbs to record high as Q1 profit rises

Bank Of New York Mellon

16/04/2026 15:02

** Shares of lender BNY BK.N climb 1% to a record high of $133.09

** Bank posts higher Q1 profit on strong fee income and better client asset values

** Q1 fee revenue jumps 11%; net interest income surges 18%; assets under custody and administration climb 12% to $59.4 trillion

** Q1 revenue rises 13% to a record $5.4 billion, beating analysts' consensus of $5.18 billion - data compiled by LSEG

** Average rating of 17 analysts is 'buy', their median PT is $136.00

** Including session's moves, BK up 14.8% YTD

(Reporting by Tharuniyaa Lakshmi in Bengaluru)

((tharuniyaa@thomsonreuters.com))