BNY Mellon posts higher Q2 profit on strong client activity

Bank Of New York Mellon

15/07/2026 11:40

Overview
US custody bank's Q2 revenue rose 13% yr/yr to $5.7 bln
Diluted EPS for Q2 increased 27% yr/yr to $2.45
Company returned $1.5 bln to shareholders via dividends and buybacks

Outlook
Company did not provide specific guidance for current or future quarters

Result Drivers
BROAD-BASED SEGMENT GROWTH - Co said revenue growth was driven by increases across Securities Services, Market and Wealth Services, and Investment and Wealth Management
HEALTHY CLIENT ACTIVITY - Co attributed results to healthy client activity and record sales
ONGOING INVESTMENTS - Co cited continuous investments and strategic actions as supporting financial performance

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
 
$5.70 bln
 
Q2 EPS
 
$2.45
 
Q2 Net Income applicable to common shareholders
 
$1.696 bln
 
Q2 Net Interest Income
 
$1.45 bln
 
Q2 CET1 Capital Ratio
 
11.00%
 
Q2 Fee Revenue
 
$4.04 bln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", 6 "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 $160.00, about 3.6% above its July 14 closing price of $154.50
The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 14 three months ago

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(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.)